Black Company Uses the Weighted-Average Method in Its Process Costing

question 56

Multiple Choice

Black Company uses the weighted-average method in its process costing system.The company's ending work in process inventory consists of 5,000 units,80% complete with respect to materials and 50% complete with respect to labour and overhead.If the total dollar value of the inventory is $60,000 and the cost per equivalent unit for labour and overhead is $8.00,the cost per equivalent unit for materials must be?

• A) $4.00.
• B) $5.00.
• C) $8.00.
• D) $10.00.

---

Definitions:

Political Doctrine

A political doctrine is a fundamental set of beliefs or philosophy that guides the political, economic, or social policy of a state or organization.

Public Policy

Refers to the principles, often unwritten, on which social laws are based, impacting how laws are interpreted and applied in society.

Illegal

Forbidden by law or statute, violating legal statutes or rules.

Express Trust

A legal agreement created intentionally by a grantor, designating a trustee to manage assets for the benefit of beneficiaries.