Inacio 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:
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to three decimal places.
-The cost per equivalent unit for materials for the month in the first processing department is closest to:
A) $17.01
B) $17.95
C) $16.70
D) $18.29

Question

Inacio 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:
  Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to three decimal places.
-The cost per equivalent unit for materials for the month in the first processing department is closest to:
A) $17.01 
B) $17.95 
C) $16.70 
D) $18.29

Quizplus · Accepted Answer

Weighted-average method
 11ea7761_189b_860d_81a5_8bb0a709d189_TB2580_00 11ea7761_189b_ad1e_81a5_f7e98c1c307d_TB2580_00

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