Use the Information Below to Answer the Following Questions

question 8

Multiple Choice

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

-What is the cost per equivalent unit for direct materials at OxyCorp?

• A) $3.55
• B) $3.72
• C) $3.33
• D) $2.97

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Definitions:

Foreign Currency

Currency used in a country other than one’s own, involving the exchange of currencies in international trade or investment.

Exchange Rate

The price of one country's currency in terms of another currency.

Put Option

A financial contract giving the buyer the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specific time.

Strike Price

A term synonymously used with Exercise Price, indicating the fixed price at which an option holder can buy or sell the underlying asset.