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

question 62

Multiple Choice

Bistrol Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were:
A total of 8,400 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
The ending inventory was 70% complete with respect to materials and 60% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
-What are the equivalent units for conversion costs for the month in the first processing department?

• A) 9,200
• B) 8,520
• C) 7,500
• D) 1,020

Apply knowledge of cash flow statement preparation to real-world financial data analysis.

Understand the impact of different types of transactions on company’s cash position.

Develop ability to analyze and prepare statements of cash flows from provided financial data.

Understand the direct method for preparing the statement of cash flows.