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

question 55

Multiple Choice

Paceheco Corporation uses the weighted-average method in its process costing system.The Molding Department is the second department in its production process.The data below summarize the department's operations in January. The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $34,558 and a total of $559,254 in conversion costs were incurred in the department during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to:

• A)$9.479
• B)$9.943
• C)$9.680
• D)$8.435

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Definitions:

Government Employee

An individual employed by a governmental organization, either at the local, state, or federal level.

Government Employees

Individuals who work within various branches of government (federal, state, local) and whose salaries are paid by public funds.

Private Wage

Private wage is the compensation or salary paid to employees by private sector firms, as opposed to wages paid by government entities.

Nonunion Labor

Workers who are not members of a labor union and do not receive the wages and benefits negotiated by unions.