Stangol Co

question 60

Multiple Choice

Stangol Co.uses process costing to account for the production of highlighter pens.Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process.Cost per equivalent unit has been calculated to be $8.80 for conversion costs and $7.1667 for materials.12,000 units were worked on during the period.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)$31,933.20
• B)$46,266.80
• C)$63,866.40
• D)$130,000.00

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Definitions:

Sense Receptors

Specialized cells that convert physical energy in the environment or the body to electrical energy that can be transmitted as nerve impulses to the brain.

Stimulus Energy

The physical energy from the environment that impacts sensory organs, leading to perception.

Electromagnetic Energy

Refers to a form of energy that is reflected or emitted from objects in the form of electrical and magnetic waves that can travel through space.

Ultraviolet Light

A type of electromagnetic radiation with a wavelength shorter than that of visible light but longer than X-rays.