The Morgan Company Uses the Weighted-Average Method in Its Process

question 33

Multiple Choice

The Morgan Company uses the weighted-average method in its process costing system.For a particular department,the company had 54,000 equivalent units of production with respect to conversion costs in March.There were 7,500 units in the department's beginning work-in-process inventory,two-thirds complete with respect to conversion costs.During March,52,500 units were started and 50,000 were completed and transferred out of the department.What was the ending work-in-process inventory in the department?

• A) Consisted of 5,000 units.
• B) Consisted of 2,500 units.
• C) 65% complete with respect to conversion costs.
• D) 40% complete with respect to conversion costs.

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Definitions:

Situational Leadership Model

A leadership approach that suggests the most effective leadership style varies according to the task, situation, and level of maturity or readiness of the followers.

Relationship Behavior

Involves actions and interactions among individuals, affecting how they relate and connect with each other.

Emotional Support

Assistance provided by an individual to another, offering comfort, reassurance, and a sense of belonging, typically in times of stress or distress.

Situational Leadership Model

A flexible leadership approach that advocates adapting leadership style based on the maturity and competency of the team members.