Wright Company Wright Company Adds Material at the Start of Production.The Following

question 45

Multiple Choice

Wright Company
Wright Company adds material at the start of production.The following production information is available for September:

• A)$1.05
• B)$.95
• C)$1.61
• D)$1.55

Beginning Work in Process Inventory
	(45% complete as to conversion)	10,000 units
Started this period		120,000 units
Ending Work in Process Inventory	80% complete as to conversion)	8,200 units
Beginning Work in Process Inventory Costs:
	Material	$24,500
	Conversion	68,905
Current Period Costs:
	Material	$ 75,600
	Conversion	130,053

Refer to Wright Company.What is the conversion cost per equivalent unit using the FIFO method?

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Definitions:

Phosphate Groups

Functional groups consisting of a phosphorus atom covalently bonded to four oxygen atoms, important in energy transfer and molecular structure of nucleic acids.

Enzyme

Biological molecules that act as catalysts, speeding up chemical reactions in living organisms.

Digesting

The process of breaking down food into smaller components that can be absorbed into the bloodstream and used by the body.

Active Site

Region of an enzyme where the substrate binds and where the chemical reaction occurs.