Figure 6-15 the Dodd Company Uses a Weighted Average Process

question 100

Multiple Choice

Figure 6-15 The Dodd Company uses a weighted average process costing system.The following information was reported for the Assembly Process for July.Materials are added at the beginning of the process and are 100%.

-Refer to Figure 6-15.What are the equivalent units for materials?

• A) 133,000
• B) 165,000
• C) 125,000
• D) 100,000
• E) none of these

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Definitions:

Equivalent

Equal in value, amount, function, meaning, or status.

Compounded Semi-annually

Calculating and adding interest to the principal twice a year, affecting the overall interest accrued over time.

Compounded Quarterly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, done four times a year.

Maturity

The date on which the principal amount of a financial instrument is due to be paid back in full.