In Its Initial Year of Operation, Sampson Production Started and Completed

question 35

Multiple Choice

In its initial year of operation, Sampson Production started and completed 2000 identical telephones and had 1000 telephones that were 30 per cent complete in work-in-process at the end of the year. Total production costs for the year were $40 000.
-If Sampson Production had a beginning inventory equal to $5000 comprised of 2000 telephones 50 per cent complete which were all completed this period,and all other numbers were as reported,what is the new cost per equivalent unit,assuming weighted average process costing?

• A) $17.80
• B) $17.39
• C) $19.57
• D) $15.85

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Definitions:

Political Processes

The methods and actions through which political decisions, policies, and laws are formed, decided, and implemented.

Economic Processes

The series of methods and activities by which goods and services are produced, distributed, and consumed in an economy.

Discrimination

Unfair treatment or prejudicial behavior towards individuals on the basis of race, age, sex, nationality, or other characteristics.

Wages

Compensation provided to employees for their work, often determined by the hour, day, or the amount of work completed.