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

question 15

Multiple Choice

Lothian Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: 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 of ending work in process inventory in the first processing department according to the company's cost system is closest to:

• A)$8,919
• B)$15,405
• C)$5,925
• D)$23,700

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Definitions:

Skeletal Muscle

A type of striated muscle attached to bones, under voluntary control, and responsible for movement of the skeleton.

Epithelial Cells

Cells that line the outer surfaces of organs and blood vessels, as well as the inner surfaces of cavities in many internal organs.

Contraction

The process of muscle cells shortening and generating force, often resulting in the movement of parts of the body.

Skeletal Muscle

A type of striated muscle tissue attached to bones, primarily responsible for initiating and controlling voluntary movement.