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

question 44

Multiple Choice

Evans Corporation uses the weighted-average method in its process costing system.This month,the beginning inventory in the first processing department consisted of 900 units.The costs and percentage completion of these units in beginning inventory were: A total of 8,100 units were started and 6,800 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 60% complete with respect to materials and 10% 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)$10.09
• B)$11.18
• C)$9.85
• D)$8.89

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Definitions:

Environmental Events

Occurrences in the natural or built environment that can influence the lives of individuals, communities, and ecosystems, such as natural disasters, pollution, and urban development.

Experience-Expectant

Describes neural growth that requires a certain kind of environmental stimulation that is almost certain to occur in the experience of most members of a species. An example is development of the visual system that requires exposure to light in order to occur.

Epigenesis

The control of genetic expression by both regulatory DNA and environmental factors.

Genetic Expression

The process by which information from a gene is used to synthesize functional gene products, such as proteins, which can influence an organism's traits.