Paceheco Corporation Uses the Weighted-Average Method in Its Process Costing

question 66

Multiple Choice

Paceheco Corporation uses the weighted-average method in its process costing system.The Molding 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 $34,558 and a total of $559,254 in conversion costs were incurred in the department during January.
The cost per equivalent unit for conversion costs for January in the Molding Department is closest to:

• A) $9.479
• B) $9.943
• C) $9.680
• D) $8.435

---

Definitions:

Agricultural Product Demand

The desire and ability of consumers to purchase agricultural goods, influenced by factors such as price, income levels, and personal preferences.

Year-to-Year Instability

The fluctuation in an economic or financial metric on an annual basis.

Farm Employment

Employment related to agricultural activities including both farming and related work such as processing and distribution.

U.S.

The United States of America, a federal republic consisting of 50 states and a federal district, known for its significant influence on global economics, politics, and culture.