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

question 117

Multiple Choice

Jublot Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: 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 materials for the month in the first processing department is closest to:

• A)$16.31
• B)$17.89
• C)$14.48
• D)$15.88

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Definitions:

Inventories

Properties or goods designated for transaction in the usual operations of a business, those under production aimed at such transactions, or as components and inventories to be utilized in the manufacturing process or service delivery.

Non-Current Assets

Long-term assets that are expected to provide economic benefits beyond the next fiscal year, such as property, plant, and equipment.

Depreciable Non-Current Asset

A long-term asset subject to depreciation, reflecting its usage, wear and tear, or obsolescence over time, leading to a reduction in its book value.

NCI Share

NCI Share, or Non-Controlling Interest Share, represents the equity in a subsidiary not attributable, directly or indirectly, to the parent company.