A Company Uses the Weighted-Average Method for Inventory Costing

question 49

Multiple Choice

A company uses the weighted-average method for inventory costing.At the end of the period,22,000 units were in the ending Work in Process inventory and are 100% complete for materials and 75% complete for conversion.The equivalent costs per unit are materials,$2.65 and conversion $5.35.Compute the cost that would be assigned to the ending Work in Process inventory for the period.

• A)$146,575.
• B)$176,000.
• C)$87,725.
• D)$93,775.
• E)$132,000.

Understand the concept of specific performance for unique items and general category goods.

Acknowledge the impact of consequential damages and liquidated damages clauses in contracts.

Distinguish between different remedies under the Convention on Contracts for the International Sale of Goods.

Understand buyer’s rights in cases of defective goods and the importance of timely action.

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Definitions:

Communication Styles

The characteristic ways in which individuals express themselves in conversations and exchanges with others.

Body Language

Nonverbal communication involving body movement and gestures, which are often unconsciously transmitted and interpreted.

Non-verbal Communication

The act of communicating a message through non-verbal means, such as body movements, facial expressions, and gestures.

Specialized Verbal Language

A form of communication that uses specific technical or professional vocabulary unique to a particular field or profession.