Overland,Inc

question 30

Multiple Choice

Overland,Inc.uses the weighted-average method in its process costing system.The company's work in process inventory on April 30 consists of 25,000 units.The units in the ending inventory are 100% complete with respect to materials and 75% complete with respect to conversion costs.If the cost per equivalent unit is $3.00 for materials and $5.50 for conversion costs,the total cost in the April 30 work in process inventory is? (Do not round intermediate calculations)

• A) $109,375.
• B) $159,375.
• C) $178,125.
• D) $212,500.

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Definitions:

Negative Correlation

A connection between two variables where one variable rises as the other falls, and the reverse is also true.

Mice

Small rodents that are often found in both wild and domestic environments, sometimes considered pests.

Selection Bias

Occurs when the sample isn't representative of the population, leading to skewed or biased results.

Vouchers

Certificates or coupons that can be exchanged for goods, services, or a reduction in charges, often provided as part of a promotional or welfare program.