Richards Corporation Uses the Weighted-Average Method of Process Costing

question 202

Multiple Choice

Richards Corporation uses the weighted-average method of process costing.The following information is available for October in its Fabricating Department: Units:
Beginning Inventory: 80,000 units,60% complete as to materials and 20% complete as to conversion.
Units started and completed: 250,000.
Units completed and transferred out: 330,000.
Ending Inventory: 30,000 units,40% complete as to materials and 10% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials: $37,200.
Costs in beginning Work in Process - Conversion: $79,700.
Costs incurred in October - Direct Materials: $646,800.
Costs incurred in October - Conversion: $919,300.
-Calculate the cost per equivalent unit of conversion.

• A)$2.76
• B)$3.15
• C)$3.68
• D)$2.90
• E)$3.00

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Definitions:

Bulimia Nervosa

An eating disorder involving episodes of binge eating followed by purging to prevent weight gain.

Anorexia Nervosa

The diagnosis involves having an alarmingly low weight, an extreme apprehension about weight gain, and a distorted perception of one’s body shape or size.

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors such as self-induced vomiting, fasting, excessive exercise, or misuse of laxatives.

Binge-purge Patterns

A cycle of excessive eating episodes followed by behaviors to prevent weight gain, such as vomiting, commonly associated with bulimia nervosa.