The May Corporation Uses a Process System

question 102

Multiple Choice

The May Corporation uses a process system. During the current period, 2600 units were started and 2100 units were completed and transferred out. Ending units were 50% complete for materials and 45% complete for conversion costs. Direct materials costs added were $44,405 and conversion costs added were $29,870. 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 direct materials would be closest to

• A)$12.85.
• B)$18.90.
• C)$21.15.
• D)$14.22.

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Definitions:

Reticular Formation

A network of neurons located in the brainstem that is critical for regulating wakefulness and sleep-wake transitions.

Neurotransmitter

Chemicals in the brain that transmit signals from one neuron to another, affecting mood, thought processes, and physical actions.

Adenosine

A chemical found in the body that plays a role in promoting sleep and suppressing arousal, and is also a component of RNA.

Acetylcholine

A neurotransmitter in the nervous system that plays a critical role in muscle contraction and the modulation of alertness, memory, and learning.