Seaside Company Uses the Weighted-Average Method in Its Process Costing

question 32

Multiple Choice

Seaside Company uses the weighted-average method in its process costing system.The Sanding Department started the month with 8,000 units in its beginning work-in-process inventory that were 70% complete with respect to conversion costs.An additional 69,000 units were transferred in from the prior department during the month to begin processing in the Sanding Department.There were 5,000 units in the ending work-in-process inventory of the Sanding Department that were 20% complete with respect to conversion costs.What were the equivalent units for conversion costs in the Sanding Department for the month?

• A) 67,400.
• B) 73,000.
• C) 72,000.
• D) 66,000.

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Definitions:

Real World

refers to the actual, physical world and everyday life, as opposed to virtual, imagined, or theoretical scenarios.

Collectivist Culture

A societal framework that emphasizes the importance of the community, group cohesion, and interdependence over individualism.

Collective Unconscious

A concept in psychology proposed by Carl Jung, referring to the part of the unconscious mind that is shared among beings of the same species containing memories and patterns of thought inherited from ancestors.

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, emphasizing the role of individual psyche and the importance of personal growth and exploration.