Togo CoUses Process Costing to Account for the Production of Picture

question 129

Multiple Choice

Togo Co.uses process costing to account for the production of picture frames.Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process.Equivalent units have been calculated to be 12,000 units for materials and 10,000 units for conversion costs.Beginning inventory consisted of $14,000 in materials and $8,000 in conversion costs.April costs were $72,000 for materials and $80,000 for conversion costs.Ending inventory still in process was 4,000 units (100% complete for materials,50% for conversion) .The value of ending inventory using the weighted average method would be closest to:

• A)$31,933.60
• B)$46,266.80
• C)$63,866.80
• D)$130,000.00

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Definitions:

Psychotherapists

Professionals trained to diagnose and treat mental health disorders through various forms of therapy.

Structuralism

An early psychological approach that emphasized the analysis of immediate experience into basic elements.

Basic Elements

Fundamental components or principles that form the essential parts of a system or structure.

Developmental Psychologist

A professional who studies the psychological growth and changes that occur throughout a person's life, from infancy to old age.