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

question 93

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 of ending work in process inventory in the first processing department according to the company's cost system is closest to:

• A)$32,501
• B)$7,647
• C)$38,237
• D)$19,773

Understand the effects of cultural influences on personal identity and group identification.

Understand the role of self-serving bias in individual behavior.

Recognize the importance of social harmony and personal freedom in different cultures.

Understand the psychodynamic perspective on personality and defense mechanisms.

---

Definitions:

Mean Scores

The average value obtained by adding all scores together and then dividing by the number of scores.

Statistical Test

A procedure for determining whether the observations in a study are likely due to chance or if they reflect true differences in the data.

Nondirectional

Pertains to hypotheses or research questions that do not specify the direction of the expected relationships or differences.

Unidirectional

Describes a process or relationship that operates or moves in only one direction.