Eve Company uses the weighted-average method in its process costing system.The following information for the Assembly Department was obtained from the accounting records for September (all materials are added at the beginning of the process):

What unit cost (rounded to the nearest cent)was used in calculating the total cost of labour and overhead included in the Work-in-process inventory on September 1?
A) 0.27
B) 0.31
C) 1.78
D) 2.73

Question

Eve Company uses the weighted-average method in its process costing system.The following information for the Assembly Department was obtained from the accounting records for September (all materials are added at the beginning of the process):

What unit cost (rounded to the nearest cent)was used in calculating the total cost of labour and overhead included in the Work-in-process inventory on September 1?
A) 0.27 
B) 0.31 
C) 1.78 
D) 2.73

Quizplus · Accepted Answer

The Answer of Eve Company uses the weighted-average method in its process costing system.The following information for the Assembly Department was obtained from the accounting records for September (all materials are added at the beginning of the process):

What unit cost (rounded to the nearest cent)was used in calculating the total cost of labour and overhead included in the Work-in-process inventory on September 1?
A) 0.27 
B) 0.31 
C) 1.78 
D) 2.73

Eve Company Uses the Weighted-Average Method in Its Process Costing