Mathews Company Uses the Weighted Average Process Costing Method

question 6

Multiple Choice

Mathews Company uses the weighted average process costing method.The company had no units in beginning WIP Inventory.Mathews has calculated that 45,000 total equivalent units were completed during the year.If 53,000 units were started in the current period and 10,000 units were in ending WIP Inventory,what percentage of completion existed in the ending inventory units?

• A)20%
• B)22%
• C)56%
• D)81%
• E)None of the answer choices is correct.

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Definitions:

Niche Market

A focused, targetable portion (segment) of a market characterized by specific and specialized needs and preferences.

Segmented Market

A marketing strategy that involves dividing a broad target market into subsets of consumers with common needs, interests, and priorities.

Diversified Market

A market that includes a wide range of different products, services, or investment opportunities.

Multisided Market

A platform or marketplace that facilitates interactions between two or more distinct but interdependent groups of customers or participants.