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Use the Following Information for Multiple Choice Questions Below

Question 54

Multiple Choice

Use the following information for Multiple Choice Questions below:
Assume Eames Company uses a process costing system based on the weighted average method. Eames' accountant produces the following equivalent unit calculations for the month of November:
Use the following information for Multiple Choice Questions below:  Assume Eames Company uses a process costing system based on the weighted average method. Eames' accountant produces the following equivalent unit calculations for the month of November:    Also assume that the beginning inventory had accumulated $15,500 of materials and $9,600 of conversion costs in the previous month. During the month of November, current costs included $157,460 of materials and $193,335 of conversion costs. -Calculate the average cost per equivalent unit for conversion costs for the month of November. A)  $0.10 B)  $0.46 C)  $8.82 D)  $9.32 E)  $9.78 Also assume that the beginning inventory had accumulated $15,500 of materials and $9,600 of conversion costs in the previous month. During the month of November, current costs included $157,460 of materials and $193,335 of conversion costs.
-Calculate the average cost per equivalent unit for conversion costs for the month of November.


A) $0.10
B) $0.46
C) $8.82
D) $9.32
E) $9.78

Correct Answer:

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