Black Company Uses the Weighted-Average Method in Its Process Costing

question 9

Multiple Choice

Black Company uses the weighted-average method in its process costing system. The company's ending work in process inventory consists of 5,000 units, 80% complete with respect to materials and 50% complete with respect to labor and overhead. If the total dollar value of the inventory is $60,000 and the cost per equivalent unit for labor and overhead is $8.00, the cost per equivalent unit for materials must be:

• A) $5.00
• B) $10.00
• C) $8.00
• D) $4.00

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Definitions:

Convergence

The coming together of different factors or phenomena to form a unified whole, or the ability of the eyes to move inward together to focus on an object.

Binocular Cues

Visual information taken in by two eyes that enable a sense of depth and three-dimensional perception.

Monocular Cues

Visual information that can be perceived with one eye alone and helps in judging depth and distance, including texture gradient, relative size, and motion parallax.

Dichromatic Cues

Visual information that helps in the perception of color, particularly in individuals with dichromacy, which is a form of color blindness featuring two instead of three cone cell types for color vision.