Eclypso Inc

question 13

Multiple Choice

Eclypso Inc.manufactures a product that passes through two processes: mixing and molding.All manufacturing costs are added uniformly in the mixing department. Information for the mixing department for October is as follows:

During October, 38,400 units were completed and transferred to the molding department.The following costs were incurred by the mixing department during October:


- By October 31, the 3,600 units that were 85% complete remained in mixing department.Eclypso uses the weighted average method.Which of the following is Eclypso's cost of October's ending work in process for the mixing department? (Note: Round answer to two decimal places.)

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Definitions:

Key Considerations

Important factors or aspects that need to be taken into account when making a decision or evaluating a situation.

Regular Underwriting

The process by which underwriters assess the risk of an applicant, determine the appropriate premium or pricing, and decide whether to accept the risk and insure the entity or individual.

Underwriting

The process where insurers or investment banks assess the risk and establish the terms of coverage or offering for insurance policies or financial instruments.

Bought Deal

A securities offering in which an investment bank buys the entire issue from the issuer and then resells it to investors.