Crador Corp

question 63

Multiple Choice

Crador Corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory for January consisted of 1,300 units. 13,000 units were started into the process during January. On January 31, the inventory consisted of 650 units. Equivalent units for conversion costs were 14,235. What percentage complete was the ending inventory with respect to conversion costs on January 31?

• A) 70%
• B) 80%
• C) 90%
• D) 100%

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Definitions:

Nonpolar

Describing molecules that do not have distinct positive and negative poles, resulting in a uniform distribution of charge.

Carbohydrate

A class of organic compounds consisting of carbon, hydrogen, and oxygen, primarily used by the body for energy and structural purposes.

Lipid

Lipids are a broad group of naturally occurring molecules that include fats, oils, waxes, and certain vitamins, characterized by their insolubility in water but solubility in organic solvents.

Nucleic Acid

Macromolecules, such as DNA or RNA, composed of nucleotides that carry genetic information or are involved in controlling cellular processes.