Harker Company Uses the Weighted-Average Method in Its Process Costing

question 92

Multiple Choice

Harker Company uses the weighted-average method in its process costing system.The first processing department,the Welding Department,started the month with 16,000 units in its beginning work-in-process inventory that were 40% complete with respect to conversion costs.The conversion cost in this beginning work-in-process inventory was $29,440.An additional 59,000 units were started into production during the month,and 61,000 units were completed in the Welding Department and transferred to the next processing department.There were 14,000 units in the ending work-in-process inventory of the Welding Department that were 10% complete with respect to conversion costs.A total of $246,400 in conversion costs were incurred in the department during the month.
What would be the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)

• A) $4.176.
• B) $4.600.
• C) $3.375.
• D) $4.421.

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Definitions:

Conservation

In cognitive development, a concept that a child understands that changing the form of a substance or object does not change its amount, overall volume, or mass.

Egocentrism

A cognitive characteristic where an individual has difficulty understanding or appreciating viewpoints other than their own, often seen in early childhood development.

Insecure Attachment

A type of attachment style where individuals are likely to have difficulty trusting others, fear abandonment, and struggle with intimacy in relationships.

Egocentrism

A cognitive trait where an individual is unable to distinguish between their own perspective and that of others, often seen in early childhood and adolescence.