The May Corporation Uses a Process System

question 136

Multiple Choice

The May Corporation uses a process system. During the current period, 2800 units were started and 1600 units were completed and transferred out. Ending units were 60% complete for materials and 45% complete for conversion costs. Direct materials costs added were $42,405 and conversion costs added were $27,870. 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 conversion costs would be closest to

• A)$17.42.
• B)$18.28.
• C)$13.02.
• D)$26.50.

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Definitions:

Union Certification Elections

Union Certification Elections are formal voting processes conducted to determine whether a majority of employees wish to be represented by a union in collective bargaining with their employer.

Labour Relations Board

A regulatory body that oversees labor relations and disputes, ensuring fair practices and compliance with labor laws.

Organizing Process

A systematic method used in management to align and arrange resources and tasks to achieve specific goals and objectives efficiently.

Labour Relations Board

A government agency responsible for administering labor law and mediating disputes between employers and employees, including issues related to unionization and collective bargaining.