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

question 60

Multiple Choice

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 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 75% complete with respect to materials and 10% 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 conversion costs for the first department for the month is closest to:

• A)$32.03
• B)$30.81
• C)$33.63
• D)$31.64

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Definitions:

Psychosis

A mental state where there is a loss of contact with reality, often featuring hallucinations, delusions, and impaired thinking.

Symptoms

The signs or indications of a disease or condition experienced by an individual.

Genetic Connection

The relation or link between individuals or traits through genes inherited from common ancestors.

Schizophrenia

A long-term mental disorder characterized by a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality into fantasy and delusion, and a sense of mental fragmentation.