Zippy Company has a process costing system. Information about units processed and processing costs incurred during a recent month in the Refining Department follow: The beginning work in process inventory had $10,946 of processing cost attached to it at the beginning of the month. During the month, the Department incurred an additional $289,954 in processing cost.
-Assuming that the company uses the weighted-average method,what is the cost per equivalent unit for processing for the month?
A)$2.89
B)$2.98
C)$3.00
D)$3.08

Question

Zippy Company has a process costing system. Information about units processed and processing costs incurred during a recent month in the Refining Department follow: The beginning work in process inventory had $10,946 of processing cost attached to it at the beginning of the month. During the month, the Department incurred an additional $289,954 in processing cost.
-Assuming that the company uses the weighted-average method,what is the cost per equivalent unit for processing for the month?
A)$2.89 
B)$2.98 
C)$3.00 
D)$3.08

Quizplus · Accepted Answer

Weighted-average method
 11eaa48f_7bd3_385a_9e4a_65e0aa590cd6_TB2485_00 
 11eaa48f_7bd3_385b_9e4a_d10b946fc669_TB2485_00

Zippy Company Has a Process Costing System