Togo CoUses Process Costing to Account for the Production of Picture

question 129

Multiple Choice

Togo Co.uses process costing to account for the production of picture frames.Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process.Equivalent units have been calculated to be 12,000 units for materials and 10,000 units for conversion costs.Beginning inventory consisted of $14,000 in materials and $8,000 in conversion costs.April costs were $72,000 for materials and $80,000 for conversion costs.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)$31,933.60
• B)$46,266.80
• C)$63,866.80
• D)$130,000.00

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Definitions:

African Slaves

Individuals from Africa who were forcibly taken from their homeland and sold into slavery, primarily in the Americas, where they were exploited for labor.

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A system in which people are owned by others, deprived of personal freedom and compelled to perform labor or services without compensation.

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A plant product cultivated primarily for its leaves, which are dried and processed for use in various forms, including smoking, chewing, or snuffing, often associated with health risks.