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

question 111

Multiple Choice

Baker Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 8,000 units in its beginning work in process inventory that were 90% complete with respect to conversion costs. An additional 95,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 11,000 units in the ending work in process inventory of the Assembly Department that were 90% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month?

• A)94,700
• B)101,900
• C)98,000
• D)92,000

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Definitions:

Curds

The coagulated part of milk separated from the whey during the process of making cheese or paneer.

Utility Function

(rephrased) is an economic model illustrating how different combinations of goods or services provide varying levels of happiness or satisfaction to an individual.

Leather Jackets

Durable outerwear made from the skin of animals, primarily cows, known for its style, protection, and warmth.

Utility Function

It represents an individual's preferences over a set of goods and services, specifying the level of satisfaction or utility derived from different combinations of goods and services.