Bettie Corporation uses a weighted-average process costing system to collect costs related to production. The following selected information relates to production for October: Materials ConversionUnits completed and transferred out 50,000   50,000 Equivalent units: work in process, October 31 10,000   4,000 Total equivalent units 60,000   54,000  Materials ConversionCosts in work in process on October 1$9,000  $5,400 Costs added to production during October 243,000   513,000 Total cost$252,000  $518,400 All materials at Bettie are added at the beginning of the production process.What total amount of cost should be assigned to the units in work in process on October 31? (Round your intermediate calculations to 2 decimal places.)

A. $ 80,400
B. $138,000
C. $ 78,500
D. $135,500


Answer: A

Business

You might also like to view...

When utilizing univariate techniques, for metric data, when there is (are) ________, one-way analysis of variance (one-way ANOVA) can be used

A) only one sample B) two independent samples C) more than two independent samples D) two or more related samples

Business

On June 1, 2017, Zander Services issued $39,000 of 15% bonds that mature in five years for $64,000. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2017, what is the total amount paid to bondholders?

A) $2,925 B) $5,850 C) $4,800 D) $9,600

Business

The equal dignity rule requires the parties to a transaction to treat each other with equal dignity.

Answer the following statement true (T) or false (F)

Business

Which of the following may appear on a flexible budget performance report?

A. An unfavorable activity variance. B. An unfavorable spending variance. C. A favorable revenue variance. D. All of the above may appear on a flexible budget performance report.

Business