Borwan Company Uses the Weighted-Average Method in Its Process Costing

question 93

Multiple Choice

Borwan Company uses the weighted-average method in its process costing system.The Assembly Department started the month with 8,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs.An additional 69,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department.There were 5,000 units in the ending work in process inventory of the Assembly Department that were 20% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month?

• A)67,400
• B)73,000
• C)72,000
• D)66,000

---

Definitions:

Offer

A proposal by one party to enter into a contract upon specified terms, subject to acceptance.

Postbox Rule

A principle in contract law where an offer is considered accepted the moment the acceptance is sent, rather than when it is received by the offeror.

Mail

The system of transporting documents and other small packages through an organization dedicated to this task, traditionally utilizing physical delivery but also electronic means.

Revocation

The act of withdrawing, cancelling, or annulling something previously granted, such as a contract, offer, or license.