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

question 127

Multiple Choice

Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: A total of 6,500 units were started and 5,900 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) $19.01
• B) $19.61
• C) $20.50
• D) $18.19

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Definitions:

Pollutants

Substances that contaminate the environment, causing harm or discomfort to living organisms and ecosystems.

Pollution Levels

The concentration of harmful substances in the environment, indicating the degree of pollution and potential risks to health and ecosystems.

Coal-Burning Facilities

Industrial plants where coal is used as the primary fuel to generate electricity or heat through combustion.

Cap-and-Trade

An environmental policy tool that sets a limit (cap) on emissions and allows entities to buy and sell allowances (trade) for emitting pollutants, aiming to reduce overall pollution in a cost-effective manner.