Stover Company Uses the Weighted-Average Method in Its Process Costing $\quad$

question 52

Multiple Choice

Stover Company uses the weighted-average method in its process costing system. Information concerning Department A for the month of June follows: $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Materials
$\begin{array}{lrr}&\text { Units}&\text { costs }\\ \text { Work in process, beginning } &17,000 &£ 12,800\\ \text { Started in June. } &82,000&69,700\\ \text { Units completed } &85,000\\ \text { Work in process, ending } &14,000\end{array}$

All materials are added at the beginning of the process. The cost per equivalent unit for materials costs is closest to:

• A)£0.83.
• B)£0.85.
• C)£0.97.
• D)£1.01.

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Definitions:

Reproductive Cycles

The series of changes an organism undergoes to produce offspring, often characterized by stages of growth, maturation, and reproduction.

K Strategists

Organisms that have a reproductive strategy characterized by the production of a few offspring with high survival rates, often in stable environments.

Offspring

The product of reproduction of a new organism produced by one or more parents.

Age Structure

The number and proportion of people at each age in a population. Age structure diagrams represent the number of males and females at each age, from birth to death, in the population.