Mannassass Company Manufactures Chairs Materials in the Ending Inventory Were 100 Percent Complete and the Company

question 74

Multiple Choice

Mannassass Company manufactures chairs. The following information was given for the company: $$\begin{array} { l r } \text { units, beginning work in process } & 0 \\\text { units started } & 20,000 \\\text { units completed } & ? \\\text { units, ending work in process } & 5,000 \\\text { cost of direct materials } & \$ 440,000 \\\text { cost of conversion } & \$ 64,000\end{array}$$ Materials in the ending inventory were 100 percent complete and conversion in the ending inventory was 20 percent complete. What cost is assigned to ending work in process?

• A)$110,000
• B)$126,000
• C)$130,000
• D)$114,000
• E)none of the above

---

Definitions:

Deinstitutionalization

The process of replacing long-stay psychiatric hospitals with less isolated community mental health services for those diagnosed with a mental disorder or developmental disability.

Distribution Of Income

The way in which the total income of an economy is distributed among its population or the various participants in the economy.

Since 1960

A reference to a specific starting point in time, often used to denote the period for which statistical data or analyses are being considered.

Theories Of Poverty

Various explanations for the causes and persistence of poverty, including economic, social, and political factors.