(Appendix 4A) Owens Corporation Uses a Process Costing System

question 18

Multiple Choice

(Appendix 4A) Owens Corporation uses a process costing system. For March, the beginning work in process inventory consisted of 60,000 units that were 60% complete with respect to processing. The ending work in process inventory for the month consisted of units that were 20% complete with respect to processing. A summary of unit and cost data for the month follows:

-Assuming that Owens Corporation uses the weighted-average method,which of the following is closest to the cost per equivalent unit for processing cost for March?

• A) $4.08
• B) $3.87
• C) $3.68
• D) $3.50

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Definitions:

Metaphase I

A stage of meiosis I during which homologous chromosomes align at the cell's equator before being separated into two daughter cells.

Meiosis

A type of cell division that reduces the genetic material by half, resulting in four genetically distinct haploid cells, essential for sexual reproduction.

Figure Panel

A distinct section within a larger drawing, diagram, or sequence of images, usually in scientific publications, to display data or illustrations.

Telophase I

The final stage of meiosis I where chromosomes move to opposite poles of the cell, and the cell divides into two.