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

question 83

Multiple Choice

Epstein Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were:
A total of 7,000 units were started and 6,500 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 45% 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)$12.84
• B)$13.32
• C)$13.08
• D)$12.61

Recognize the role of legislation in shaping family life and marriage.

Explore demographic trends related to family life, marriage, and childbirth.

Understand the characteristics and significance of different sleep stages, including REM and NREM sleep.

Describe the physiological indicators and brain wave patterns associated with various stages of sleep.

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Definitions:

Fluency

The ability to express oneself easily and articulate smoothly in a language.

Brain-Storming Process

A creative group activity aimed at generating a large number of ideas to solve a problem, without initially judging or evaluating them.

Written Ideas

Ideas or concepts that have been documented in writing, facilitating communication, analysis, and further development.

Incremental Innovation

The process of making small improvements or upgrades to existing products, services, or processes, rather than creating something completely new.