Use the Following Information for the Next 2 Questions

question 62

Multiple Choice

Use the following information for the next 2 questions.
Gholson, Inc. employs a process costing system in which direct materials are added at the beginning of the process. Direct material costs from the prior period for beginning work in process are $1,250. The current period's direct material costs total $31,500. The company began the period with 500 units, 70% complete, started 10,500 units, and finished the period with 1,000 units, 40% complete.
-Using a FIFO system, the direct material cost per equivalent unit is

• A) $3.00
• B) $2.98
• C) $3.20
• D) $2.55

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Definitions:

Low-Level Roles

Positions in an organization or field that typically require minimal formal education or training, often associated with routine tasks and lower pay.

Goffman

Refers to Erving Goffman, a sociologist known for his work on symbolic interactionism and the study of social interaction in everyday life.

Mental Hospitals

Institutions dedicated to the care and treatment of individuals with mental health disorders.

Mortification

A feeling of shame, humiliation, or wounded pride.