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:

Secure

Characterized by safety or the state of being free from danger or threat, often used in the context of cyber security or emotional stability.

Psychosocial Development

A theory that proposes that an individual’s psychological development occurs in a series of predetermined stages, emphasizing the effects of social relationships on psychological development.

Generativity

A concern for establishing and guiding the next generation, usually observed in middle adulthood.

Egocentrism

According to Piaget, the assumption that others view the world as one does oneself.