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

question 46

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.
The cost per equivalent unit for conversion costs for the first department for the month is closest to:

• A)$37.11
• B)$38.14
• C)$40.05
• D)$37.92

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Definitions:

QRS Complex

A series of deflections in an electrocardiogram (ECG) that represents ventricular depolarization before ventricular contraction.

P-R Segment

The P-R segment in an electrocardiogram represents the period between the end of atrial depolarization and the start of ventricular depolarization.

Auscultated

The act of listening to the sounds made by internal organs, especially the heart and lungs, typically with a stethoscope, to diagnose medical conditions.

Pulmonary Semilunar

A valve between the right ventricle of the heart and the pulmonary artery that prevents blood from flowing back into the heart chamber after it has been pumped out.