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

question 103

Multiple Choice

Esty 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 7,700 units were started and 6,600 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 10% 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.
-The cost per equivalent unit for materials for the month in the first processing department is closest to:

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Definitions:

3-Pentanone

A ketone with the formula C5H10O, characterized by a three-carbon chain between the carbonyl group and the end of the molecule.

Ethylene Glycol

A colorless, practically odorless, poisonous, and hygroscopic liquid with sweet taste, used as antifreeze in cooling and heating systems.

Acetal

An acetal is a functional group characterized by two ether-like oxygen atoms bonded to the same carbon atom, commonly formed from the reaction of an aldehyde and an alcohol.

Acetal

A carbon atom connected to an alkyl group, two -OR groups, and a hydrogen atom, typically formed from the reaction between an aldehyde and alcohol.