Crafton Corporation Crafton Corporation Has the Following Information for the Current

question 170

Multiple Choice

Crafton Corporation Crafton Corporation has the following information for the current month:
All materials are added at the start of the production process.Crafton Corporation inspects goods at 75 percent completion as to conversion.
Refer to Crafton Corporation.Assume that the costs per EUP for material and conversion are $1.00 and $1.50,respectively.Assuming that weighted average is used,what is the cost assigned to ending inventory?

• A)$29,725.00
• B)$37,162.50
• C)$38,475.00
• D)$36,250.00

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Definitions:

SAS Proficiency

The level of skill or expertise one has in using the Statistical Analysis System (SAS), a software suite used for advanced analytics, multivariate analysis, business intelligence, and data management.

Ease of Learning

A measure of how quickly a person can learn to use a tool, system, or interface effectively.

Expected Counts

The theoretical frequency of occurrences in each category of a contingency table under the assumption of independence in a chi-square test.

Goodness-of-fit Test

A statistical test used to determine how well a statistical model fits a set of observations. It measures the discrepancy between observed values and the values expected under the model in question.