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

---

Definitions:

Opponent Process Theory

A psychological and neurological model that explains how the perception of colors is controlled by the operation of opposing neural systems.

Intensity

The magnitude or strength of a stimulus, action, or emotion, often influencing the perception, reaction, or outcome of the involved entities.

Opponent Process Theory

A model in psychology and neurology that describes the way color perception is governed by the activity of antagonistic neural mechanisms.

Smoking Cigarettes

The act of inhaling and exhaling the smoke produced by burning tobacco contained in cigarettes, which is a common cause of several health problems, including lung cancer and heart disease.