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

question 108

Multiple Choice

Guo Corporation uses the weighted-average method in its process costing system.This month,the beginning inventory in the first processing department consisted of 500 units.The costs and percentage completion of these units in beginning inventory were: A total of 9,700 units were started and 9,100 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 85% complete with respect to materials and 75% 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 three decimal places.
What are the equivalent units for conversion costs for the month in the first processing department?

• A)9,925
• B)10,200
• C)9,100
• D)825

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Definitions:

Property Division

The legal process of dividing assets and debts among parties during the dissolution of a marriage or partnership.

Marital Property

Assets and debts acquired during marriage that are subject to division upon divorce according to laws of the jurisdiction.

Separate Property

Assets owned by one spouse individually, not subject to division in a divorce, typically acquired before marriage or as a gift or inheritance.

Chief Executive Officer

The highest-ranking executive in a company or organization, responsible for managing the company's overall operations and resources.