Fish Fillet Incorporated Obtains Fish and Then Processes Them into Frozen

question 85

Multiple Choice

Fish Fillet Incorporated obtains fish and then processes them into frozen fillets and then prepares the frozen fish fillets for distribution to its retail sales department.Direct materials are added at the initiation of the cycle.Conversion costs are incurred evenly throughout the production cycle.Before inspection,some fillets are spoiled due to undetectable defects.Inspection occurs when units are 45% converted.Spoiled fillets generally constitute 6% of the good fillets.Data for April 2017 are as follows:

Costs for April:

What is the total cost per equivalent unit using the weighted-average method of process costing? (Round any cost per unit calculations to the nearest cent. )

• A)$3.38
• B)$2.02
• C)$2.03
• D)$4.05

---

Definitions:

Lower Court

Courts that have the jurisdiction to hear and decide on cases first, before they can be appealed to higher courts.

Discretion

The freedom to decide what should be done in a particular situation, often within the framework of official authority.

Federal Cases

Legal cases that fall under the jurisdiction of federal courts, often involving questions of federal law, interstate matters, or disputes between states and the federal government.

U.S. District Courts

The general trial courts of the United States federal court system where civil and criminal cases are filed and heard.