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

question 47

Multiple Choice

Kuzuck Corporation uses the weighted-average method in its process costing system.Data concerning the first processing department for the most recent month are listed below: 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 of ending work in process inventory in the first processing department according to the company's cost system is closest to:

• A)$28,118
• B)$15,981
• C)$35,148
• D)$5,272

---

Definitions:

Operating Success

An assessment of how effectively a company generates profit from its regular business activities, excluding gains or losses from investments and financing.

Statement Of Financial Position

Another name for the balance sheet, displaying a company's assets, liabilities, and shareholders' equity at a specific point in time.

Vertical Analysis

A method in financial statement analysis where each item is represented as a percentage of a base figure within the same statement.

Total Assets

The sum of all current and non-current assets owned by a company, showing the total resources available for use.