Litfin Company Has the Following Information Available for the Month

question 125

Multiple Choice

Litfin Company has the following information available for the month of March:
$\begin{array}{lccll} &&\text { Units }&\text { Transterred- }&\text { Direct }\\&\text { Conversion }& \text { in Costs } & \text { Materials } & \text { Costs } \\\text { Work-in-process inventory, March } 1&240 & \$ 33,600 & 0 & \$ 18,000 \\*\text { Percent complete }&& 100 \% & 0 \% & 62.5 \%\end{array}$
$\begin{array}{ll}\text { Transferred-in during March } & 400 \\\text { Completed in March } & 440 \\\text { Work-in-process inventory, March 31 } & 200\\\text { *Percent complete }&&100\%&0\%&80\%\end{array}$
$\begin{array} { l } \text {Costs added in March }&\$52,000&\$13,200&\$48,600 \\\end{array}$

The company uses the weighted average cost method.What is the cost per equivalent unit for March for direct materials?

• A) $20.63
• B) $22.00
• C) $30.00
• D) $33.00

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Definitions:

Partner's Crime

A legal concept referring to crimes committed by an individual that are connected to the actions or business operations of their partner.

Criminal Tendencies

The propensity or inclination of an individual to engage in behavior that is considered criminal or unlawful.

Legal Entities

Organizations such as corporations, governments, or nonprofit institutions that have legal rights and obligations.

Duty Of Care

A legal obligation requiring individuals to exercise a reasonable standard of care to prevent harm to others.