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

question 254

Multiple Choice

Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 20,500 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $26,200. A total of 58,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $2.10 for materials and $3.80 for conversion costs. The total cost of the units completed and transferred out of the department was:

• A) $342,200
• B) $373,660
• C) $276,080
• D) $330,610

---

Definitions:

Constitution

Primary regulations or authoritative standards that oversee the conduct of a state or another type of organization.

The Federalist

Collection of eighty-five essays that appeared in the New York press in 1787–1788 in support of the Constitution; written by Alexander Hamilton, James Madison, and John Jay and published under the pseudonym “Publius.”

Popular Self-Government

A system in which the general public has the power to govern themselves, usually through elected representatives.

Central Authority

The governing body or entity at the highest level of an organization or state, with overarching control or direction.