Slurpy Produces Soft Drinks and Sodas

question 20

Multiple Choice

Slurpy produces soft drinks and sodas.Production of 100,000 liters was started in February,85,000 liters were completed.Material costs were $38,220 for the month while conversion costs were $16,380.There was no beginning work-in-process;the ending work-in-process was 40% complete.What is the cost of the product that was completed and transferred to finished goods?

• A)$54,600.
• B)$51,000.
• C)$46,410.
• D)$38,220.

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Definitions:

Political Negotiations

The process whereby representatives of groups or states with differing interests meet to discuss and attempt to resolve conflicts by reaching agreements.

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, regulating banks, and seeking to ensure financial stability.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, bank deposits, and other liquid assets.

Investment

The allocation of resources, such as capital or time, in expectation of generating a profit or income.