Department F Had 4,000 Units in Work in Process That

question 140

Multiple Choice

Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. Of the $12,500, $8,000 was for material and $4,500 was for conversion costs, 14,000 units of direct materials were added during the period at a cost of $28,700, 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710.​
-If the weighted average method is used, the materials cost per unit (rounded to the nearest cent) would be

• A)$2.04
• B)$1.59
• C)$1.91
• D)$2.00

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Definitions:

Prescription

The acquisition of rights or property, such as an easement, through the continuous and open use of the property over a period of time according to the laws of the jurisdiction.

Certificate Of Title

Conclusive evidence as to the ownership of a property.

Registration System

A means of registering and tracking property deeds.

Jurisdiction

Legal authority and scope of power; the Constitution Act, 1867 delegated responsibility for matters to federal or provincial governments, thus giving them distinct jurisdiction to create laws in those areas. Also refers to the province whose courts have the right to hear and resolve a dispute.