The Jones Corporation Uses a Process System

question 15

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 50% 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 direct materials would be closest to:

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

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Definitions:

Verbal Skills

The ability to communicate effectively using language, including both the spoken and written word.

Intellectual Disability

A term for significant limitations in intellectual functioning and adaptive behavior, affecting everyday social and practical skills.

IQ Score

A numerical assessment derived from standardized tests designed to measure a person's intellectual abilities in comparison to the general population.

Moderate Intellectual Disability

A level of intellectual disability where individuals possess an IQ between 35-49, typically exhibiting limitations in conceptual, social, and practical adaptive skills.