Use the Following Information for the Next 5 Questions

question 111

Multiple Choice

Use the following information for the next 5 questions.
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.
-Assume actual spoilage was 500 units and ending work in process was 9,500 units. The equivalent units of conversion costs would be

• A) 17,130
• B) 17,150
• C) 17,050
• D) 17,200

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Definitions:

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The combination of two or more companies into a single entity, often to achieve greater efficiency or market share.

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Professionals who study the distribution, production, and consumption of goods and services.

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Legal proceedings aimed at regulating or dismantling company practices that are deemed to be monopolistic or restrict competition within a market.

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