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

question 36

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 materials for the month in the first processing department is closest to:

• A)$26.35
• B)$25.85
• C)$26.65
• D)$25.56

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Definitions:

Law Of Effect

A principle of behavior psychology proposed by Edward Thorndike suggesting that actions which produce satisfying effects in a given situation become more likely to occur again, while actions producing unpleasant effects become less likely.

Cats

Domesticated felines known for their agility, curiosity, and being common household pets.

Law Of Effect

A principle in psychology that states behaviors followed by positive outcomes are likely to be repeated, and those followed by negative outcomes are not.

Thorndike

An American psychologist known for his work in the development of the theory of connectionism and contributions to educational psychology.