Owens Corporation Uses a Process Costing System

question 96

Multiple Choice

Owens Corporation uses a process costing system. For March, the beginning work in process inventory consisted of 60,000 units that were 60% complete with respect to processing. The ending work in process inventory for the month consisted of units that were 20% complete with respect to processing. A summary of unit and cost data for the month follows: Assuming that Owens Corporation uses the weighted-average method, which of the following is closest to the cost per equivalent unit for processing cost for March?

• A) $4.08
• B) $3.87
• C) $3.68
• D) $3.50

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Definitions:

Simple Reflex Action

An automatic, involuntary physiological response to a specific stimulus that does not involve conscious thought.

Body Contact

Physical interaction between individuals, which can range from casual touches to more intimate or aggressive forms of contact.

Harmful

Causing or capable of causing damage or injury.

Integumentary System

The organ system comprising the skin and its appendages, acting as a barrier to protect the body from the external environment.