The Jones Corporation Uses a Process System

question 246

Multiple Choice

The Jones Corporation uses a process system. During the current period, 2,500 units were started and 1,100 units were completed and transferred out. Ending units were 60% complete for materials and 45% complete for conversion costs. Direct materials costs added were $35,405 and conversion costs added were $32,870. There was no beginning WIP inventory and conversion costs are added evenly throughout the process. At the end of the period, the cost per equivalent unit for conversion costs would be closest to

• A)$29.88.
• B)$18.25.
• C)$19.00.
• D)$32.19.

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Definitions:

Non-delinquents

Individuals, particularly youth, who do not engage in illegal or antisocial behaviors.

Time Spent Studying

The duration, often measured in hours or minutes, that an individual dedicates to educational activities or learning.

Minutes

Units of time equal to sixty seconds or one-sixtieth of an hour.

Driving Hours

The number of hours spent operating a vehicle, either for a specific period or cumulatively over time.