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

question 91

Multiple Choice

Jimmy Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 9,000 units. The ending work in process inventory is 100% complete with respect to materials and 70% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $3.75 for material and $1.25 for labor and overhead, what is the balance of the ending work in process inventory account?

• A)$41,625
• B)$33,750
• C)$45,000
• D)$31,500

Identify strategies that good listeners employ.

Understand the importance of listening in various emotional contexts.

Understand the definition and importance of values and beliefs within an organization.

Recognize the significance of individual-level dependent variables in OB research.

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Definitions:

Organism's Life Cycle

The sequence of biological events and processes that an organism undergoes from its birth until it reproduces offspring.

Heat-Shock Genes

Genes that are activated in response to elevated temperatures and other stresses to help protect cells by producing heat-shock proteins.

Molecular Chaperones

Proteins that assist the conformational folding or unfolding and the assembly or disassembly of other macromolecular structures, without being part of these structures when they perform their biological functions.

Housekeeping Genes

These are genes that are constantly active in the cell to maintain basic functions and cellular metabolism.