Use the Information Below to Answer the Following Questions

question 61

Multiple Choice

Use the information below to answer the following questions:
The Weighted Average method is used for process costing at Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:

-What is the total cost of units remaining in ending WIP at Onyx Corporation?

• A) $226,000
• B) $162,442
• C) $135,600
• D) $180,800

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Definitions:

Methane Gas

A colorless, odorless, highly flammable gas, CH4, which occurs naturally as a byproduct of decomposition and is used as a fuel.

Cave Collapses

The sudden failure or falling in of a cave roof or walls, often resulting in a sinkhole or depression at the surface.

Groundwater

Water that is found beneath the earth's surface, filling the spaces between rocks and forming aquifers.

Acidic Waters

Water with a pH less than 7, often resulting from natural processes such as volcanic emissions or anthropogenic sources like pollution.