Cosby Uses a Weighted-Average Process-Costing System

question 33

Multiple Choice

Cosby uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 40,000 units during the period and had 15,000 units in progress at year-end, the latter at the 40% stage of completion. Total material costs amounted to $220,000; conversion costs were $414,000.
The cost of the ending work in process is:

• A) $54,000.
• B) $78,000.
• C) $114,000.
• D) $195,000.
• E) None of the answers is correct.

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Definitions:

Emotional Development

The process through which individuals become aware of, express, and manage their emotions throughout their lifespan.

Unconscious Representations

Are mental processes and content not immediately accessible to conscious awareness, often influencing behaviors and emotions.

Frustration Aggression Hypothesis

A psychological theory stating that frustration often leads to aggressive behavior as an expression of the frustration.

Catharsis

The process of releasing, and thereby providing relief from, strong or repressed emotions.