Question: Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process.

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process. The company's beginning and ending work-in-process inventories totaled 17,300 units and 18,600 units, respectively, with the latter units being 2/3 complete at the end of the period. Universal started 34,300 units into production and completed 33,000 units. Manufacturing costs follow. Beginning work in process: Materials, $63,000; conversion cost, $213,000 Current costs: Materials, $227,000; conversion cost, $500,000 Universal's equivalent-unit cost for materials is:

Multiple Choice

  • $4.12.

  • $5.62.

  • $7.62.

  • $9.22.

  • None of the answers is correct.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

and what is universal's cost for materials per equivalent-unit? Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and...

Q:

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process....

Q:

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process....

Q:

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process....

Q:

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process....

Q:

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process....

Q:

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process....

Q:

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process....

Q:

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process....

Q:

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process....

Q:

Using skills of critical and analytical thinking and based on your knowledge of the course, please answer the following question in not more than 150 words (1-2 paragraphs). How can employing the...

Q:

The following questions have been sent in by your client seeking clarification and further explanation of the practical answers you have already completed. Paul has asked you to identify the...

Q:

Sean McMillan is shopping for a new car, He is very concerned about neceiving value for his money . He bebleves cars are trancootation and should be driven until thity fall apart. He does not...

Q:

Elizabeth Island Airways scher. Ellermalogenal airine serving the New England area, recently suffered a major cras. As a result passengers are considered to be shy choose As there comer when making...

Q:

3. Evaluate your listeners and tailor your speech to them

Q:

4. Locate a persuasive speech that you found particularly compelling. Print it out and edit it, removing any and all of the material that you feel is persuasive in nature (for example, the speakers...

Q:

3. Informative speeches are everywherein your classroom, on the news, and in your community. Watch an informative speech (or read a transcript, available at the Web sites of many government agencies...