Lo-Crete Produces Quick Setting Concrete Mix

question 36

Multiple Choice

Lo-crete produces quick setting concrete mix.Production of 200,000 tons was started in April,190,000 tons were completed.Material costs were $3,152,000 for the month while conversion costs were $591,000.There was no beginning work-in-process;the ending work-in-process was 70% complete.What is the material cost of the product that remains in work-in-process?

• A)$315,200.
• B)$157,600.
• C)$112,000.
• D)$160,000.

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