Jimbob CoUses the Weighted-Average Method in Its Process Costing System

question 35

Multiple Choice

Jimbob Co.uses the weighted-average method in its process costing system.The company adds all required materials at the beginning of the process in Department A,which is the first of two stages in its production process.Information concerning operations in the Department A in October follows: What were the equivalent units of production in Department A in October?

• A) 6,000 units.
• B) 12,000 units.
• C) 44,000 units.
• D) 56,000 units.

---

Definitions:

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on part of the company’s profits.

Historical Rate

A foreign exchange rate used to evaluate assets or liabilities, denoting the rate at a specific past date.