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

question 308

Multiple Choice

Bistrol 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 8,400 units were started and 7,500 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 70% complete with respect to materials and 60% complete with respect to conversion costs.How many units are in ending work in process inventory in the first processing department at the end of the month?

• A) 7,600
• B) 900
• C) 1,700
• D) 1,200

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Definitions:

Truth Values

The valuation of statements as true or false in logic.

Truth Table

A table used in logic to determine whether a compound statement is true or false under all possible situations.

Atomic Sentences

A type of sentence that contains no logical connectors and represents the simplest form of statement that can be either true or false.

Truth Values

The status of propositions in logic, indicating whether they are true, false, or, in some logics, other values such as "unknown."