A Company Uses a Process Cost Accounting System and the Weighted-Averaage

question 80

Multiple Choice

A company uses a process cost accounting system and the weighted-averaage inventory valuation method.Its Assembly Department's beginning inventory consisted of 50,000 units,three-fourths complete with respect to direct labor and overhead.The department started and finished 127,500 units this period.The ending inventory consists of 40,000 units that are one-fourth complete with respect to direct labor and overhead.All direct materials are added at the beginning of the process.Goods in Process included direct labor costs of $30,000 and overhead costs of $40,000 for the period.The overhead cost per equivalent unit is:

• A) $0.126
• B) $0.160
• C) $0.178
• D) $0.213
• E) $0.373

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Definitions:

Stanford-Binet

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substances that increase alertness, attention, and energy by enhancing the activity of the central nervous system.