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

question 45

Multiple Choice

Acklac Corporation uses the weighted-average method in its process costing system.This month,the beginning inventory in the first processing department consisted of 700 units.The costs and percentage completion of these units in beginning inventory were: A total of 9,200 units were started and 8,300 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 75% complete with respect to materials and 15% 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 per equivalent unit for materials for the month in the first processing department is closest to:

• A)$22.40
• B)$20.28
• C)$21.14
• D)$21.49

---

Definitions:

Similar Job

Employment positions that are alike in duties, responsibilities, and are often in the same industry or field.

Proper Notice

A legal requirement to inform someone of a decision or action, usually within a specific timeframe and through an acceptable method of communication.

Informational Picketing

Picketing designed to truthfully inform the public of a labor dispute between an employer and the employees.

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.