Annenbaum Corporation Uses the Weighted-Average Method in Its Process Costing

question 127

Multiple Choice

Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.The cost per equivalent unit for materials for the month in the first processing department is closest to:

• A) $19.01
• B) $19.61
• C) $20.50
• D) $18.19

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Definitions:

Volcanic Neck

A column of solidified lava or igneous rock formed in a volcanic vent, usually exposed by erosion of the surrounding rock.

Igneous Features

Physical characteristics or structures formed from solidified magma, such as volcanic rock formations, lava flows, and intrusive bodies.

Batholiths

Large intrusions of igneous rock that have been exposed over extensive areas of the Earth's surface due to erosion of overlying material.

Igneous Feature

A geological formation that is formed from solidified magma or lava.