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

question 59

Multiple Choice

Eve Company uses the weighted-average method in its process costing system.The following information for the Assembly Department was obtained from the accounting records for September (all materials are added at the beginning of the process) :


What unit cost (rounded to the nearest cent) was used in calculating the total cost of labour and overhead included in the Work-in-process inventory on September 1?

• A) 0.27
• B) 0.31
• C) 1.78
• D) 2.73

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Definitions:

Ventricular Contraction

The phase of the cardiac cycle in which the ventricles contract, pumping blood out of the heart into the systemic and pulmonary circulations.

Physical Exercise

Any bodily activity that enhances or maintains physical fitness and overall health and wellness.

SA Node

Known as the sinoatrial node, it is the natural pacemaker of the heart located in the right atrium, initiating the heart's electrical impulses.

Pacemaker

A device or biological mechanism that sets the pace or rhythm for certain processes, especially the heart's rhythm.