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

question 96

Multiple Choice

Ibarra 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)$11.76
• B)$13.20
• C)$12.65
• D)$12.27

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Definitions:

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Individuals who tend to agree with or affirm propositions without significant criticism or skepticism, often to maintain harmony or avoid conflict.

Sensory Information

Data received by the senses (sight, hearing, touch, taste, and smell) that is then processed by the brain.

Brain Organizes

The process by which the brain structures and arranges information and sensory inputs to make sense of the world.

Sensory Nerves

Nerves that transmit sensory information from the body's periphery towards the central nervous system, allowing for the perception of stimuli.