Excalibur Ltd

question 98

Multiple Choice

Excalibur Ltd.began operations on October 1 of the current year.Its production requires that direct materials are added at the beginning of the process and conversion costs are incurred uniformly.Direct materials costs for October were $380,000 and conversion costs were $1,750,000.There were 80,000 units started during the month.The ending inventory was 25,000 units which were 60% complete.The cost per equivalent unit for conversion was

• A)$25.00.
• B)$21.88.
• C)$70.00.
• D)$116.67.
• E)$16.67.

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Definitions:

Early and Mid-1800s

Refers to the period from the beginning of the 19th century to the middle decades, characterized by significant social, political, and industrial changes.

City Life

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1815 to 1860

A period marked by various significant global events, including the end of the Napoleonic Wars, significant developments in industrialization, and shifts towards modernity.