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

question 76

Multiple Choice

Fayard Corporation uses the weighted-average method in its process costing system.The Assembly Department started the month with 5,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs.An additional 67,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department.During the month 63,000 units were completed in the Assembly Department and transferred to the next processing department.There were 9,000 units in the ending work in process inventory of the Assembly Department that were 50% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month?

• A)71,000
• B)64,000
• C)63,000
• D)67,500

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Definitions:

Fast Pain

Fast pain is a rapid, sharp, and distinctly uncomfortable sensation often serving as an immediate reaction to injury or potential harm, promoting quick withdrawal from the source.

Amygdala

An almond-shaped set of neurons located deep in the brain's medial temporal lobe, involved in processing emotions such as fear, anxiety, and aggression.

James-Lange Theory

A theory suggesting that emotions are the result of physiological reactions to events.

Cannon's Objections

Criticisms raised by Walter Cannon against the James-Lange theory of emotions, emphasizing that physiological responses are too slow to precede emotional experiences.