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

question 27

Multiple Choice

Abis Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: A total of 9,200 units were started and 8,200 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 80% complete with respect to materials and 20% 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) $40.77
• B) $33.24
• C) $38.83
• D) $37.68

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Definitions:

Reasonably Stable Patterns

Regular or consistent behaviors, thoughts, or emotions that remain relatively unchanged over time.

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual that is distinct from one another.

Emotions

Complex psychological states that involve physiological arousal, expressive behaviors, and conscious experience.

Psychodynamic Theories

Theories that emphasize the influence of the unconscious mind and childhood experiences on personality and behavior.