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

question 78

Multiple Choice

Sarver Company uses the weighted-average method in its process costing system.The Fitting Department is the second department in its production process.The data below summarize the department's operations in March. The Fitting Department's production report indicates that the cost per equivalent unit for conversion cost for March was $8.24. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

• A) $482,287.20.
• B) $502,640.00.
• C) $523,240.00.
• D) $561,144.00.

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Definitions:

One-Third

A fraction that represents a division of something into three equal parts, referring to one part of that division.

Sleepwalking

A sleep disorder involving performing activities while in a state of partial arousal from deep sleep, often with no memory of the actions.

Sleep Talking

A phenomenon occurring during sleep where the person talks without being aware of it.

N3

A stage of deep sleep characterized by non-rapid eye movement, previously known as slow-wave sleep or delta sleep.