Macey Company Uses a Weighted-Average Process Costing System

question 64

Multiple Choice

Macey Company uses a weighted-average process costing system. Beginning inventory consists of 6,000 units, 40% complete. Units started are 14,000, completed are 10,000, and ending inventories are 9,000 units, 70% complete. Normal spoilage is 5% of the units inspected. Direct material is added at the 75% point and spoilage inspection occurs at the 80% point. The cost per equivalent unit for materials was $1.00 and $3.00 for conversion costs.
The number of equivalent units of material was:

• A) 20,000
• B) 18,000
• C) 18,200
• D) 11,000

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Definitions:

Unipolar Depression

A major depressive disorder characterized by a persistent low mood and lack of interest or pleasure in activities, without the manic episodes of bipolar disorder.

Manic Episode

A period of abnormally and persistently elevated, expansive, or irritable mood and increased energy or activity, often characteristic of bipolar disorder.

Mood Swings

are rapid and often extreme fluctuations in one's emotional state without a clear reason.

Depressive Episode

A period characterized by symptoms of depression, such as profound sadness, lack of energy, changes in sleep and appetite, and loss of interest or pleasure in activities.