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The equivalent units for labor and overhead for the month, using the weighted-average method, is:
A) 162,000
B) 80,000
C) 81,000
D) 74,000
Weighted-Average Method
An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all similar items in the inventory.
Labor
This refers to the human effort, both physical and mental, used in the production process.
Overhead
The indirect costs associated with manufacturing or delivering a product or service, such as utilities, rent, and administrative expenses.
- Ascertain the price per equivalent unit in terms of materials and conversion costs.
- Analyze the effect of transformation costs on the cumulative costs of production.
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Learning Objectives
- Ascertain the price per equivalent unit in terms of materials and conversion costs.
- Analyze the effect of transformation costs on the cumulative costs of production.
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