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

question 94

Multiple Choice

Bosril Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,600 units were started and 4,900 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 85% complete with respect to materials and 45% 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) $18.74
• B) $17.85
• C) $17.68
• D) $16.05

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Definitions:

Retrograde Amnesia

A type of amnesia where an individual loses memories for events that occurred prior to the cause of the amnesia.

Source-monitoring Error

A source-monitoring error is a type of memory error where an individual is mistaken about the source or origin of a specific memory, often leading to false memories.

Reality-monitoring Error

A cognitive mistake wherein one has trouble distinguishing between actual experiences and imagined or fantasized events.

Proactive Interference

The tendency for older or previously learned information to interfere with the retention of new information.