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

question 15

Multiple Choice

Barker Corporation uses the weighted-average method in its process costing system.This month,the beginning inventory in the first processing department consisted of 300 units.The costs and percentage completion of these units in beginning inventory were: A total of 9,100 units were started and 8,700 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 20% 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 conversion costs for the first department for the month is closest to:

• A)$26.31
• B)$27.42
• C)$29.38
• D)$27.98

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Definitions:

Color Code

A system of identification that uses different colors to represent specific information, often used in settings like hospitals to quickly convey medical alerts or in industries for safety.

ECG Tracings

Recordings of the electrical activity of the heart measured during an electrocardiogram (ECG) test.

Computerized Analysis

The use of computer technology to examine data or systems in detail in order to identify patterns, trends, or important information, often employed in research and business sectors.

Atrial Depolarization

The excitement and contraction caused by the SA node at the beginning of the cardiac cycle.