A Company That Uses Process Costing Has 1,000 Units in Ending

question 68

Multiple Choice

A company that uses process costing has 1,000 units in ending Work in Process Inventory that are 100% complete with respect to materials and 80% complete with respect to conversion costs. The cost per unit for inventory is $2.15 for materials and $1.65 for conversion costs. What is the cost assigned to the ending Work in Process inventory?

• A) $3,470
• B) $3,800
• C) $3,040
• D) $2,150

---

Definitions:

Verification

The process of confirming the accuracy, truth, or validity of something through the provision of empirical evidence or logical proof.

Associative Play

A stage in child development characterized by playing in groups, sharing, and being interested in the activity of other children but not in a coordinated manner.

Morphological Analysis

A method used to break down and study the structure, form, and function of entities or systems.

Cross-Pollination

The sharing and mixing of ideas, practices, and cultures between different sectors, organizations, or groups to innovate and solve problems.