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

question 23

Multiple Choice

Guo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: A total of 9,700 units were started and 9,100 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 75% 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 three decimal places.
What are the equivalent units for conversion costs for the month in the first processing department?

• A)9,925
• B)10,200
• C)9,100
• D)825

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Definitions:

Preoperational Intuitive

A stage in Piaget's theory of cognitive development where children aged 2-7 years exhibit thinking based on intuition and superficial appearances rather than logic.

Religious Thinking

A cognitive process that involves beliefs, practices, and moral values related to a sense of connection with a higher power or the divine.

Tangible Details

Specific, concrete elements or facts that can be observed and measured, often enhancing the realism or credibility of a description or story.

Authoritative Parents

Parents who are firm, setting clear and consistent limits, but who try to reason with their children, giving explanations for why they should behave in a particular way.