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:

Competing Objectives

Divergent or opposing goals among individuals or groups within an organization, often leading to challenges in decision-making and prioritization.

Dependent

In a research context, the dependent variable is the one being tested and measured, often to see how it is influenced by changes in an independent variable.

Office Cubicles

Semi-private working spaces divided by partitions, commonly used in offices to provide employees with a personal workspace.

Small-team Interactions

Dynamics and communication processes within small groups, focusing on collaboration, decision-making, and problem-solving in a close-knit setting.