Barker Corporation Uses the Weighted-Average Method in Its Process Costing

question 57

Multiple Choice

Barker Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 300 units. The costs and percentage completion of these units in beginning inventory were: A total of 9,100 units were started and 8,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 85% complete with respect to materials and 20% complete with respect to conversion costs. Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
The cost per equivalent unit for conversion costs for the first department for the month is closest to:

• A)$26.31
• B)$27.42
• C)$29.38
• D)$27.98

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Definitions:

Pectoral Girdle

The set of bones in the shoulder region that connects the upper limb to the axial skeleton, providing support and facilitating movement.

Clavicle

A bone located in the shoulder region, known as the collarbone, which serves as a strut between the shoulder blade and the sternum.

Humerus

The humerus is the long bone in the upper arm, extending from the shoulder to the elbow.

Radius

A bone in the forearm that extends from the lateral side of the elbow to the thumb side of the wrist, also refers to the half-length of a circle's diameter.