Takon Manufactures Specialized Plastic Boxes in Two Processes: Moulding and Packaging

question 105

Multiple Choice

Takon manufactures specialized plastic boxes in two processes: Moulding and Packaging. In the Packaging Department, materials are added at the end of the process. The following data are given:
$\begin{array}{lcccc}&&&\text { Costs }\\&\underline{\text { Units }} &\underline{\text { Trans.-in }} &\underline{\text { Materials }} &\underline{\text { Conv. }}\\\text { Work in process, October } 1 & 30 & \$ 1,590 & \$ 0 & \$ 513 \\\text { Transferred in during October } & ? & & & \\\text { Completed during October } & 105 & & & \\\text { Work in process, October } 31 & 15 & & \\\text { Costs added during October } & & \$ 4,410 & \$ 1,050 &\$ 1,767\end{array}$


The conversion process on the beginning inventory is 70 percent completed and the ending inventory is 60 percent completed.
-Refer to the figure.Rounded to two decimal places,what would be Takon's cost per equivalent unit for conversion using weighted average?

• A)$15.50
• B)$19.00
• C)$20.00
• D)$24.52

Understand the strategies companies use to maintain competitiveness with new products.

Grasp the concept of new-to-the-world products and their impact on markets.

Understand the concept of diffusion of innovation and its significance in marketing.

Identify and describe the categories of adopters in the diffusion of innovation process.

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Definitions:

Foreign Exchange Loss

A loss that occurs when the value of a foreign currency declines in relation to the domestic currency, affecting transactions involving foreign currencies.

Merchandise

Goods that are bought and sold by businesses in the normal course of operations.

Foreign Exchange Loss

A decrease in domestic currency value resulting from transactions denominated in a foreign currency, often due to fluctuating exchange rates.

Ruble Receivable

An amount expected to be received denominated in Russian Rubles, typically from transactions or contracts.