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

question 317

Multiple Choice

Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 5,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 68,500 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 33,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month?

• A) 40,500
• B) 96,500
• C) 56,800
• D) 60,300

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Definitions:

Critical Event

A significant occurrence that has a profound impact on an individual, group, or system, often necessitating change or adaptation.

Direct Reinforcement

Involves the immediate and direct strengthening of a behavior by a consequence following the behavior.

Larger Teams

Groups composed of a significant number of members, which can lead to more complex interactions and potential for greater output but also challenges in coordination and communication.

Coordinating Roles

Functions or positions within an organization tasked with managing the interdependencies between different parts of the organization to ensure smooth operations.