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

question 64

Multiple Choice

Strap Company uses the weighted-average method in its process costing system.The company has only one processing department.The ending work-in-process inventory consists of 10,000 units,60% complete with respect to materials.The total dollar value of this inventory is $38,000.The costs per equivalent unit are $5.00 for materials and $4.00 for conversion costs for the period.With respect to conversion costs,what is the ending work-in-process inventory?

• A) 10% complete.
• B) 20% complete.
• C) 38% complete.
• D) 30% complete.

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Definitions:

Adrenal Medulla

The inner part of the adrenal gland that produces adrenaline and noradrenaline, hormones involved in stress response.

Sympathetic Nervous System

Part of the autonomic nervous system responsible for the body's 'fight or flight' response, regulating heart rate, blood pressure, and other functions.

Parasympathetic Nervous System

A branch of the autonomic nervous system responsible for conserving energy and restoring the body to a state of calm.

Glucocorticoids

A class of steroid hormones that play a role in glucose metabolism, inflammation suppression, and immune system regulation.