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

question 14

Multiple Choice

Fauste Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 10,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 55,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. During the month 52,000 units were completed in the Assembly Department and transferred to the next processing department. There were 13,000 units in the ending work in process inventory of the Assembly Department that were 80% complete with respect to conversion costs.
What were the equivalent units for conversion costs in the Assembly Department for the month?

• A) 58,000
• B) 55,400
• C) 62,400
• D) 52,000

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Definitions:

Globin

A group of proteins that form part of the structure of hemoglobin, responsible for oxygen transport in the blood.

Peptide Bonds

Chemical bonds formed between amino acids during protein synthesis, linking the carboxyl group of one amino acid to the amino group of another, releasing water.

Protein Structure

The three-dimensional arrangement of atoms in an amino acid-chain molecule, crucial for the protein's function.

Primary

First in order, rank, importance, or relating to the initial stage of a process or sequence.