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

question 85

Multiple Choice

Trapp Company uses the weighted-average method in its process costing system.The beginning work-in-process inventory in its Painting Department consisted of 3,000 units that were 70% complete with respect to materials and 60% complete with respect to conversion costs.The cost of the beginning work-in-process inventory in the department was recorded as $10,000.During the period,9,000 units were completed and transferred on to the next department.The costs per equivalent unit for the period were $2.00 for material and $3.00 for conversion costs.What was the cost of units transferred out during the month?

• A) $39,600.
• B) $45,000.
• C) $45,400.
• D) $35,400.

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Definitions:

Effect Size

A quantitative measure of the strength of a phenomenon or the magnitude of a difference between groups in a scientific study.

Significance Test

A statistical test to determine whether the difference between groups or the relationship between variables is due to chance or represents a true effect.

Probability

A measure of the likelihood of a given event's occurrence, expressed as a number between 0 and 1.

S Data

S Data, or self-report data, involves data collected directly from participants about themselves through questionnaires, interviews, or other introspective methods, often used in psychological assessments.