Cherrington Company Uses a Process Costing System

question 2

Multiple Choice

Cherrington Company uses a process costing system. For May, the month just completed, the beginning work in process inventory consisted of 50,000 units which were 60% complete with respect to conversion costs. The ending inventory for the month was 20% complete with respect to conversion costs. A summary of cost data for the month follows:



-Using the weighted-average method, the total cost of the units in ending work in process inventory is closest to:

• A) $156,960
• B) $86,400
• C) $153,960
• D) $154,800

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Definitions:

Psychoanalysis

A therapeutic method and theory of psychotherapy, developed by Sigmund Freud, that aims to explore the unconscious mind to treat psychopathology.

Psychogenic Perspective

A viewpoint in psychology that emphasizes the psychological origins of disorders, as opposed to their physical or biological aspects.

Bernheim and Lièbault

Two prominent figures in the history of hypnotism and psychotherapy, known for their work on suggestibility and hypnosis in the late 19th century.

Using Hypnosis

The practice of inducing a trance-like state to increase suggestibility and facilitate therapeutic interventions.