Marion Company Uses Process Costing and the Weighted Average Method

question 47

Multiple Choice

Marion Company uses process costing and the weighted average method.The following information was available for April: $$\begin{array} { l r r } & \text { units } & \text { Costs } \\\text { Wark in Process, April 1 } & 100 & \$ 3,000 \\\text { Work in Process, April } 30 & 200 & \text { (A) }\end{array}$$ During April,1,000 units were started,and costs incurred during the month were $37,000.Ending inventory was 50% complete.Based on the information given,(A) above would equal what amount?

• A) $8,000
• B) $3,000
• C) $4,000
• D) $3,300

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Definitions:

Simulation

The imitation of the operation of a real-world process or system over time, often carried out with computer software for analysis or training purposes.

Uniform Distribution

A type of probability distribution where all outcomes are equally likely to occur.

Normal Model

A statistical model that assumes data follow a bell-shaped normal distribution, often used in probability and statistics.

Standard Deviation

A measure indicating the amount of variation or dispersion of a set of values from the mean, reflecting how spread out these values are.