Python Company Produces Plastic Cups in a One-Department Process The Units Still in Process Are 100% Complete with Respect

question 81

Multiple Choice

Python Company produces plastic cups in a one-department process.The following information is available: $$\begin{array} { l r } \text { Work-in-process inventory, beginning } & 0 \\\text { Units started } & 60,000 \\\text { Units complete and transferred out } & 48,000 \\\text { Work-in-process inventory, ending } & 12,000 \\& \\\text { Direct materials added } & \$ 180,000 \\\text { Direct labor } & \$ 165,600 \\\text { Factory overhead } & \$ 82,800\end{array}$$ The units still in process are 100% complete with respect to direct materials and 60% complete with respect to conversion costs.The unit cost of direct materials is _____.

• A)$5.00
• B)$4.35
• C)$3.00
• D)$1.00

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Definitions:

Gun Violence

Refers to the use of firearms to commit violence or harm, including homicides, suicides, and accidental shootings.

Probability

A measure of the likelihood of a specific event or outcome to occur, expressed as a number between 0 and 1.

Mental Accounting

A concept in behavioral finance where individuals categorize and evaluate economic outcomes by assigning them to specific accounts mentally.

Framing

The way information is presented or a situation is structured to influence decision-making or perceptions.