Beattie Company Completed and Transferred Out 2,300 Units in May

question 87

Multiple Choice

Beattie Company completed and transferred out 2,300 units in May 2008.There were 200 units in the Work-in-Process Inventory on May 31,2008,30% complete as to conversion costs and 100% complete as to materials.The month's charges for conversion costs and material costs were $9,440 and $6,250,respectively.There was no beginning inventory on May 1,2008.What is the cost of the work transferred-out during May?

• A)$8,510
• B)$14,950
• C)$15,690
• D)$16,250

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Definitions:

Integers

Whole values including positive, negative, and zero without any fractions or decimals fall under the category of integers.

Factor

In mathematics, a factor is a number or expression that divides another number or expression evenly, without leaving a remainder.

Expression

A mathematical phrase that can contain numbers, variables, and operation symbols but does not have an equal sign.

Zero-Factor Property

A rule stating that if the product of two factors equals zero, at least one of the factors must also be zero.