MegaRock Produces Quick Setting Concrete Mix

question 115

Multiple Choice

MegaRock 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 cost of the product that was completed and transferred to finished goods?

• A) $3,610,000.
• B) $3,555,850.
• C) $2,994,400.
• D) $3,743,000.

---

Definitions:

Retracting needle

A safety syringe design where the needle retracts into the barrel post-injection to prevent needle-stick injuries.

Butterfly needle

A small, winged needle used for accessing veins for blood draws or infusions, minimizing discomfort and tissue damage.

Blood chemistries

Tests performed on a blood sample to measure the levels of certain substances in the blood, providing information about organ function and detecting diseases.

HIV/AIDS

A spectrum of conditions caused by infection with the human immunodeficiency virus (HIV), leading to the progressive failure of the immune system (AIDS) and increased susceptibility to opportunistic infections and tumors.