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

question 19

Multiple Choice

Bistrol 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 8,400 units were started and 7,500 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 60% 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:

• A) $21.44
• B) $21.96
• C) $20.25
• D) $23.25

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Definitions:

Independent Variable

An experimental variable that is manipulated by the researcher to investigate its impact on the dependent variable.

Prosocial Behavior

Actions intended to benefit others, including helping, sharing, donating, co-operating, and volunteerism.

Prosocial Video Games

Video games designed with the intent to positively influence the social behavior and attitudes of the players.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together.