Realm Company Uses Process Costing and Had an Equivalent Cost

question 11

Multiple Choice

Realm Company uses process costing and had an equivalent cost of $2.30 per unit for direct materials and $1.80 per unit for conversion costs during May in its Rolling Department. There were 11,600 units completed and transferred to Finished Goods, and 1,000 units in ending Work in Process inventory that were 80% complete with respect to direct material and 60% complete with respect to conversion costs. How much is the cost of completed goods transferred to Finished Goods from the Rolling Department?

• A) $2,920
• B) $47,560
• C) $50,480
• D) $53,360

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Definitions:

Chronic Vegetative State

A medical condition characterized by a patient being awake but showing no signs of awareness due to extensive brain damage.

FMRI Imaging

A neuroimaging procedure using MRI technology to measure brain activity by detecting changes associated with blood flow.

Cognitively Intact

Describes an individual who has preserved cognitive functions, such as reasoning, memory, and problem-solving abilities.

Consolidation

The process by which memories become stable in the brain, transitioning from a fleeting to a more permanent state.