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

question 32

Multiple Choice

Sanchez Corporation uses the weighted-average method in its process costing system.The Fitting Department is the second department in its production process.The data below summarize the department's operations in March. The Fitting Department's cost per equivalent unit for conversion cost for March was $8.66. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

• A)$480,630
• B)$450,320
• C)$444,258
• D)$510,940

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Definitions:

Foreign Corporation

In a given state, a corporation that does business in that state but is not incorporated there.

Certificate of Authority

An official document provided by a state government allowing a business to operate within that state's jurisdiction.

State's Courts

The judicial bodies within a specific state that have the authority to interpret and apply the law, adjudicate disputes, and administer justice.

Procedures for Incorporation

The standardized legal steps and requirements followed to legally form and register a corporation with the state or appropriate authority.