Bims Company Uses the Weighted-Average Method in Its Process Costing

question 17

Multiple Choice

Bims Company uses the weighted-average method in its process costing system. The Assembly Department started the month with 2,000 units in its beginning work in process stock that were 70% complete with respect to conversion costs. An additional 61,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 18,000 units in the ending work in process stock of the Assembly Department that were 60% complete with respect to conversion costs.
What were the equivalent units for conversion costs in the Assembly Department for the month

• A)45,000
• B)77,000
• C)54,400
• D)55,800

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Definitions:

Numerical Index

A numerical representation or measurement, often used for comparing statistical data, assessing performance, or tracking changes over time.

Normally Distributed

Describes a statistical distribution where data points are symmetrically distributed around the mean, forming a bell-shaped curve.

Percentage

A portion of a whole expressed as a fraction of 100, used in quantifying proportions and ratios.

Descriptive Statistics

Statistical methods that summarize and organize data collected from a sample or population, including measures such as mean, median, and standard deviation.