Richards Corporation Uses the Weighted-Average Method of Process Costing

question 29

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.
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Calculate the equivalent units of conversion.

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

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Definitions:

REM Sleep

Rapid Eye Movement sleep, a stage of sleep characterized by vivid dreams and physiological changes like increased brain activity and temporary paralysis of major muscles.

Vivid Dreams

are dreams experienced with intense imagery, emotion, and detailed narrative, often easily remembered.

Sleep Stage

A phase of the sleep cycle, including rapid eye movement (REM) and non-REM stages, each characterized by different brain activities and bodily functions.

Champion

A person who passionately supports, promotes, or defends a cause or individual.