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

question 38

Multiple Choice

Paxton Company uses the weighted-average method in its process costing system.The Moulding Department is the second department in its production process.The data below summarize the department's operations in January: The accounting records indicate that the conversion cost that had been assigned to beginning work-in-process inventory was $10,973,and a total of $268,107 in conversion costs were incurred in the department during January.
What was the cost per equivalent unit for conversion costs for January in the Moulding Department? (Round off to three decimal places.)

• A) $5.348.
• B) $4.038.
• C) $5.080.
• D) $4.704.

---

Definitions:

Reminiscence Bump

The tendency for older adults to have increased recollection for events that occurred during their adolescence and early adulthood.

Memory Retrieval

The process of recalling or bringing into consciousness information or experiences stored in memory.

Youth

The period of life between childhood and adulthood; characterized by the development and maturation of the individual.

Implicit Memory

A type of memory that allows individuals to perform tasks without conscious awareness of these previous experiences, such as procedural memory for skills.