Gholson, Inc

question 17

Multiple Choice

Gholson, Inc. employs a process costing system in which direct materials are added at the beginning of the process. Direct material costs from the prior period for beginning work in process are $1,250. The current period's direct material costs total $31,500. The company began the period with 500 units, 70% complete, started 10,500 units, and finished the period with 1,000 units, 40% complete.
Using the weighted average method, the direct material cost per equivalent unit for the period is:

• A) $3.00
• B) $2.98
• C) $3.20
• D) $2.55

---

Definitions:

Company News

Information or announcements related to a specific company, its operations, financial performance, or any internal developments.

Text Messaging

The act of sending short, digital messages, typically consisting of text, from one mobile device to another.

Instant Messaging

A form of communication over the internet that allows the exchange of text messages in real-time between two or more people.

E-Mail

A digital form of sending messages from one computer user to one or more recipients via a network.