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

question 24

Multiple Choice

Grosseiller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: A total of 6,400 units were started and 5,200 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 65% complete with respect to materials and 15% 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)$26.89
• B)$22.34
• C)$31.05
• D)$29.57

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Definitions:

Cross-Bridges

The connections formed between actin and myosin filaments in the muscle fiber during contraction.

Sarcoplasmic Reticulum

A specialized type of smooth endoplasmic reticulum found in muscle cells, involved in the regulation of calcium ions.

Anaerobic Respiration

A form of respiration that occurs without oxygen, converting glucose into energy through processes like fermentation, producing less energy than aerobic respiration.

Muscle Hypertrophy

An increase in muscle mass and cross-sectional area due to exercise, particularly resistance training.