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

question 121

Multiple Choice

Sarver Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. The Fitting Department's cost per equivalent unit for conversion cost for March was $8.24. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

• A)$482,287.20
• B)$502,640.00
• C)$523,240.00
• D)$561,144.00

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Definitions:

Photosynthesis

The process by which green plants, algae, and some bacteria transform light energy into chemical energy stored in glucose, using carbon dioxide and water and releasing oxygen as a byproduct.

Stomata

Small pores located in the epidermis of plants that provide for gas exchange for photosynthesis; each stoma is flanked by two guard cells, which are responsible for its opening and closing.

Gas Exchange

The biological process through which different gases are transferred in opposite directions across a surface.

Photolysis

The decomposition or separation of molecules by the action of light, often referring to the process in photosynthesis where water molecules are split.