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:

Physical Changes

Alterations in the physical state or properties of a substance or organism, usually observable.

Adults

People who have reached the age of maturity, typically associated with the completion of physical growth and the assumption of societal roles of responsibility.

30s

Likely refers to the decade of life from age 30 to 39, which can be significant in terms of career, family, and personal development, though it's not a standard psychological key-term without further context.

Generativity

The concern for establishing and guiding the next generation, often manifested through parenting or mentoring.