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

question 331

Multiple Choice

Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: A total of 8,500 units were started and 7,400 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) $18.29
• B) $17.02
• C) $16.42
• D) $15.28

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Definitions:

Corticomedial Amygdala

The section of the amygdala that is activated by a surprising event

Surprising Event

An occurrence that is unexpected and can potentially alter behavior or conditions based on its unpredictability.

Salient Stimuli

Stimuli that are more noticeable or significant to the organism, often due to their novelty or intensity, and thus more likely to affect behavior.

Conditioned Response

A learned reaction to a conditioned stimulus that occurs because of previous conditioning.