Halston Company Has No Beginning Work in Process; 5,000 Units

question 29

Multiple Choice

Halston Company has no beginning Work in Process; 5,000 units are transferred out and 1,000 units in ending Work in Process are 25% finished as to conversion costs and fully complete as to materials cost.If materials added and beginning Work in Process materials cost totals $18,000, how much is the materials cost per unit if the weighted-average method is used?

• A)$3.00
• B)$3.43
• C)$3.13
• D)There is not enough information provided.

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Definitions:

Investment Opportunity

A potential venture or asset that presents the possibility for financial growth or returns.

ROI

Return on Investment, a financial ratio indicating the profitability of an investment relative to its cost.

Combined ROI

A metric that calculates the total return on investment from multiple investments or business units combined.

Residual Income

The amount of income that an individual or company has after all personal debts and expenses have been paid.