The Jones Corporation Uses a Process System

question 212

Multiple Choice

The Jones Corporation uses a process system.During the current period,2,500 units were started and 1,100 units were completed and transferred out.Ending units were 60% complete for materials and 45% complete for conversion costs.Direct materials costs added were $35,405 and conversion costs added were $32,870.There was no beginning WIP Inventory and conversion costs are added evenly throughout the process.At the end of the period,the cost per equivalent unit for conversion costs would be closest to

• A)$29.88.
• B)$18.25.
• C)$19.00.
• D)$32.19.

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Definitions:

Operating Room

A facility within a hospital or clinic where surgical operations are carried out in a sterile environment.

Androgynous

Exhibiting both masculine and feminine qualities, or a style of fashion that challenges traditional gender norms.

Gender Schema Theory

A cognitive theory that explains how individuals become gendered in society, and how sex-linked characteristics are maintained and transmitted to other members of a culture.

Information-processing Theory

A cognitive approach that uses the metaphor of a computer to describe how the mind processes information, from input through to storage and retrieval.