Z-Bar Sweets Uses a Process Costing System

question 15

Multiple Choice

Z-Bar Sweets uses a process costing system.During August, the Mixing Department transferred out 65,000 units.On August 31, the Mixing Department held 22,000 equivalent units of material and 20,150 equivalent units of labor and overhead.The cost per equivalent unit was $5.50 for materials and $5.00 for labor and overhead.How much was the total balance in the Work in Process inventory account on August 31?

• A)$271,250
• B)$463,750
• C)$221,750
• D)$192,500

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Definitions:

Middle Childhood

A developmental stage in children ranging from about 6 to 12 years old, marked by increased cognitive and social skills.

Concrete Operational

A stage in cognitive development, according to Piaget, where children (around 7-11 years old) start thinking logically about concrete events but struggle with abstract concepts.

Transform Objects

The ability to change or manipulate objects in one's environment, often reflecting cognitive development and creative problem-solving skills.

Piaget

A Swiss psychologist known for his pioneering work in the study of child development, particularly his theory of cognitive development.