Gunes 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: Cost PercentCompleteMaterials costs$10,600 65% Conversion costs$12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$142,100 Conversion costs$359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.The cost per equivalent unit for materials for the month in the first
processing department is closest to:
A. $17.02
B. $15.28
C. $18.29
D. $16.42
Answer: C
Business
You might also like to view...
Market characteristics such as size, growth rate, and trends are established in the market
overview section in a marketing plan. Indicate whether the statement is true or false
Business
Which of the following can be used as a defense in a negligence case?
A) assumption of the risk B) disparagement C) appropriation D) conversion
Business
You can take Outlook everywhere you go by using it on a/an ____________________
Fill in the blank(s) with correct word
Business
From an investor's point of view, debt investments should have a higher financial return than common stock investments.
Answer the following statement true (T) or false (F)
Business