Frankenberger Company, Which Uses a Weighted-Average Process-Costing System, Had 7,000

question 56

Multiple Choice

Frankenberger Company, which uses a weighted-average process-costing system, had 7,000 units in production at the end of the current period that were 60% complete. Material A is introduced at the beginning of the process; material B is introduced at the end of the process; and conversion cost is introduced evenly throughout manufacturing. Equivalent-unit production costs follow.
Material A: $12.50
Material B: $2.00
Conversion cost: $6.60
The cost of the company's ending work-in-process inventory is:

• A) $88,620.
• B) $115,220.
• C) $123,620.
• D) $147,700.
• E) none of the answers is correct.

---

Definitions:

Observational Learning

A learning process through watching others, then imitating or modeling the observed behaviors.

Direct Experience

Knowledge or skill acquired through immediate sensory perception, rather than through abstract thought or theory.

SMART Goals

Objectives that are Specific, Measurable, Achievable, Relevant, and Time-bound, enhancing the likelihood of success.

Vicarious Experience

Learning or feeling an emotional response through the experiences of another rather than firsthand.