Macey Ltd Uses a Weighted-Average Process Costing System

question 12

Multiple Choice

Macey Ltd uses a weighted-average process costing system. Beginning inventory consists of 6,000 units, 40% complete. Units started are 14,000, completed are 10,000, and ending inventories are 9,000 units, 70% complete. Normal spoilage is 5% of the units inspected. Direct material is added at the 75% point and spoilage inspection occurs at the 80% point. The cost per equivalent unit for materials was $1.00 and $3.00 for conversion costs. The cost of the units completed was

• A) $40,000
• B) $42,200
• C) $41,760
• D) $41,870

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Definitions:

Punishment

The imposition of a penalty as retribution for an offense, often involving pain or loss to deter further wrongdoing.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops.

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The deliberate act of causing one's own demise.

Durkheim

A founding figure in the field of sociology, known for his work on social cohesion, social norms, and the functions of institutions in society.