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Bing Manufacturing Uses a Weighted-Average Process-Costing System

question 18

Multiple Choice

Bing Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process. The company's beginning and ending work-in-process inventories totaled 30,000 units and 35,000 units, respectively, with the latter units being 40% complete at the end of the period. Bing started 30,000 units into production and completed 25,000 units. Manufacturing costs were as follows: Beginning work in process: Materials, $100,000; conversion cost, $200,000
Current work in process: Materials, $160,000; conversion cost, $450,000.
Bing's equivalent-unit cost for conversion cost is:

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Definitions:

Data

Information collected for reference or analysis, often numerical, that can be used for calculation and statistical study.

Equal

Describes the state of being the same in quantity, size, degree, or value.

Mean

The average of a set of numerical values, calculated by adding them all up and dividing by the number of values.

Equal

Having the same value, quantity, measure, or meaning as another; identical in magnitude or degree.