Cherrington Company Uses a Process Costing System

question 32

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:



-Assuming that Cherrington Company uses the weighted-average method, what is the cost per equivalent unit for conversion costs for May to the nearest whole cent?

• A) $4.19
• B) $4.00
• C) $3.64
• D) $3.83

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Definitions:

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A statement about expected future events or outcomes based on current knowledge, data, or hypotheses.

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A package sent to someone to provide comfort, care, or necessities, often containing food, treats, and personal items, symbolizing support and thoughtfulness.