Jublot Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:    Beginning work in process inventory:   Units in beginning work in process inventory 600 Materials costs$7,300 Conversion costs$2,300 Percent complete with respect to materials 50%Percent complete with respect to conversion 10%Units started into production during the month 9,400 Units transferred to the next department during the month 8,600 Materials costs added during the month$196,300 Conversion costs added during the month$315,800 Ending work in process inventory:   Units in ending work in process inventory 1,400 Percent complete with respect to materials 70%Percent complete with

respect to conversion 40% The cost per equivalent unit for materials for the month in the first processing department is closest to:

A. $21.25
B. $15.88
C. $14.48
D. $16.31


Answer: A

Business

You might also like to view...

The term "net receivables" refers to the difference between Accounts Receivable and Allowance for Bad Debts

a. True b. False Indicate whether the statement is true or false

Business

________ variables may be used as predictors or independent variables by coding them as dummy variables

A) Interval B) Categorical C) Ratio D) All of the above

Business

Most people are at what level of moral development?

A. preconventional B. conventional C. postconventional (principled) D. over conventional

Business

In marketing, the form of competition that occurs when only one firm sells the product is referred to as ________.

A. an oligopoly B. pure monopoly C. a megopoly D. monopolistic competition E. pure competition

Business