Physical Units Are 40,000

question 60

Multiple Choice

Physical units are 40,000.Total conversion costs are $197,500.There are 2,000 units in ending inventory which are 50% complete as to conversion costs.How much are conversion costs per unit if the weighted-average method is used?

• A)$5.06
• B)$4.93
• C)$9.88
• D)$5.19

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Definitions:

Deck

A pack of cards used in games, consisting typically of 52 pieces divided into four suits.

Addition Law

A probability law used to compute the probability of the union of two events. It is P(A ∙ B) = P(A) + P(B) − P(A ∩ B). For mutually exclusive events, P(A ∩ B) = 0; in this case the addition law reduces to P(A ∙ B) = P(A) + P(B).

Probability

The evaluation of how likely it is for an event to happen.