Reid Company Uses a Process Costing System in Which Units

question 13

Multiple Choice

Reid Company uses a process costing system in which units go through several departments. In the Cutting Department for June, units in the beginning work-in-process inventory were 80% complete with respect to conversion costs. Units in the ending work-in-process inventory were 25% complete with respect to conversion costs. Other data for the department for June are as follows:
$\begin{array} { l | r | r | } \hline & \text { Units } & \text { Conversion costs } \\\hline \begin{array} { l } \text { Work in process inventory } \\\text { on June 1 }\end{array} & 15,000 & \$ 50,200 \\\hline \begin{array} { l } \text { Units started into } \\\text { production }\end{array} & 145,000 \\\hline \begin{array} { l } \text { Conversion costs incurred } \\\text { during June }\end{array} & & \$ 175,700 \\\hline \begin{array} { l } \text { Units completed and } \\\text { transferred to the next } \\\text { department during June }\end{array} & 130,000 & \\\hline\end{array}$


-Assuming that the company uses the weighted-average method,what is the cost per equivalent unit for conversion costs for June,rounded to the nearest cent?

• A) $1.64.
• B) $1.56.
• C) $1.74.
• D) $1.48.

Explain the formation and characteristics of oceanic and continental structures through tectonic activities.

Understand the distribution and causes of earthquakes, volcanoes, and mountain formation in relation to plate boundaries.

Describe the processes of seafloor spreading and its significance to global geological features.

Identify different types of plate boundaries and their associated geological features.

---

Definitions:

Helpfulness

The quality of providing useful assistance or being willing to help others.

Master's Degrees

Graduate-level academic degrees awarded by universities upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice.

Gender

Relates to the social, cultural, and psychological traits and behaviors associated with being male, female, or non-binary.

Leadership

The act of guiding, directing, and influencing the behavior of individuals and groups towards achieving a common goal.