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

question 168

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 of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round "Cost per equivalent unit" to 3 decimal places.)

• A) $19,148
• B) $22,223
• C) $54,708
• D) $27,354

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Definitions:

Set Point

A theory suggesting that each person's body weight is maintained around a biologically determined set point, leading to a stable body weight over time.

Physically Abused

Individuals who have experienced harm or injury through physical force by another person.

Socially Extraverted

Pertaining to individuals who are outward-turning, sociable, energetic, and eager for social interactions and experiences.

Amygdala

A set of neurons in the brain that is involved in processing emotions, especially fear and pleasure.