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

question 135

Multiple Choice

Saada Corporation uses the weighted-average method in its process costing system.The Fitting Department is the second department in its production process.The data below summarize the department's operations in March. The Fitting Department's cost per equivalent unit for conversion cost for March was $5.99.
How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

• A) $332,445.00
• B) $375,573.00
• C) $328,012.40
• D) $353,410.00

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Definitions:

Inferior Technology

Technology that is less efficient or effective compared to the available alternatives.

Production Possibilities Frontier

A curve depicting the maximum feasible combinations of two or more goods or services an economy can produce when all resources are fully and efficiently utilized.

Circular-flow Diagram

A Circular-Flow Diagram represents an economic model visually demonstrating the movement of money through markets between households and companies.

Financial Assets

Assets that are paper claims on some return or income, such as stocks, bonds, or bank deposits.