Richards Corporation Uses the Weighted-Average Method of Process Costing

question 119

Multiple Choice

Richards Corporation uses the weighted-average method of process costing.The following information is available for October in its Fabricating Department: Units:
Beginning Inventory: 80,000 units,60% complete as to materials and 20% complete as to conversion.
Units started and completed: 250,000.
Units completed and transferred out: 330,000.
Ending Inventory: 30,000 units,40% complete as to materials and 10% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials: $37,200.
Costs in beginning Work in Process - Conversion: $79,700.
Costs incurred in October - Direct Materials: $646,800.
Costs incurred in October - Conversion: $919,300.
-Calculate the equivalent units of conversion.

• A)250,000
• B)317,000
• C)294,000
• D)333,000
• E)342,000

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Definitions:

Memory Trace

A concept in psychology and neurology referring to the physical and biochemical changes in the brain associated with storing information, essentially the footprint that a memory leaves on the brain.

Memory-Forming Areas

Regions in the brain, such as the hippocampus and amygdala, involved in the processing and storage of information as memories.

Memory Consolidation

The neural storage of a long-term memory.

Neural Storage

Neural storage refers to the brain's ability to retain information and experiences by establishing and strengthening synaptic connections between neurons.