Richards Corporation Uses the Weighted-Average Method of Process Costing

question 192

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 materials.

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

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Definitions:

Stressor

An event that creates a sense of threat by confronting a person with a demand or opportunity for change of some kind.

Stress Response

The body's way of reacting to a challenge or threat, involving a combination of biological changes and psychological responses.

Social Support System

A network of family, friends, colleagues, and other acquaintances who provide emotional, informational, and practical help.

Endocrine System

The system of glands located throughout the body that help control important activities such as growth and sexual activity.