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

question 79

Multiple Choice

Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
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 conversion costs for the first department for the month is closest to:

• A) $18.39
• B) $16.46
• C) $17.51
• D) $14.24

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Definitions:

Marine Organisms

Living creatures that inhabit the ocean or sea, including both plants and animals.

Nekton

Aquatic animals that can swim and move independently of water currents, including fish, whales, and squids.

Limnetic Zone

The open water area of a freshwater basin (like a lake) where sufficient light penetrates to support photosynthesis, excluding the near shore areas.

Benthic Zone

The environmental zone located at the deepest part of a water body like an ocean or lake, encompassing both the surface of the sediment and several layers beneath it.