Average Company Uses a Weighted-Average Process-Costing System

question 64

Multiple Choice

Average Company uses a weighted-average process-costing system. The Company records disclosed that Department A completed 100,000 units during the month and had 20,000 units in process at month-end, 50% complete. Conversion costs associated with the beginning work-in-process inventory amounted to $401,000, and amounts that relate to the current month totaled $950,000. If conversion is incurred uniformly throughout manufacturing, Average's equivalent-unit cost is:

• A)$3.65.
• B)$4.01.
• C)$9.50.
• D)$12.28.
• E)$13.51.

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Definitions:

Ladder Rung

A component of a ladder diagram in programmable logic controllers, representing a condition leading to an output action.

XIC Instruction

In programmable logic controllers (PLCs), an "Examine if Closed" instruction that checks if a specific input condition is true or a contact is closed.

XIO Instruction

An instruction in PLC programming that stands for "Examine if Open," used to check if a condition is false.

PLC Chassis

The structural frame that holds and organizes the components of a Programmable Logic Controller, including its power supply, processors, and modules.