Macey Company Uses a Weighted-Average Process Costing System

question 29

Multiple Choice

Macey Company uses a weighted-average process costing system. Beginning inventory consists of 6,000 units, 40% complete. Units started are 14,000, completed are 10,000, and ending inventories are 9,000 units, 70% complete. Normal spoilage is 5% of the units inspected. Direct material is added at the 75% point and spoilage inspection occurs at the 80% point. The cost per equivalent unit for materials was $1.00 and $3.00 for conversion costs.
Assume actual spoilage was 500 units and ending work in process was 9,500 units. The equivalent units of conversion costs would be:

• A) 17,130
• B) 17,150
• C) 17,050
• D) 17,200

---

Definitions:

Group Consensus

A collective agreement or shared understanding reached by a group, typically after discussion and consideration of various perspectives.

Emergence Coalition

A group that forms spontaneously among parties during negotiations or collaborative efforts, often driven by shared interests or objectives.

Multiple Issues

Multiple issues in negotiations refer to dealing with more than one topic or concern at the same time, allowing for trade-offs and integrative solutions.

Two-Party Deliberations

A process of discussion and analysis by two parties aimed at reaching a mutual agreement.