Miramar, Inc

question 56

Multiple Choice

Miramar, Inc. uses a weighted-average process costing system which recognizes normal spoilage as 5% of good output. During the current period, 14,000 units were started and 10,000 units completed. Materials are added at the beginning of the process, conversion costs occur uniformly, and the inspection point is at the 70% point. Beginning work in process was 6,000 units, 40% complete, and ending work in process 9,000 units, 80% complete. The cost per equivalent unit for material was $1.00 and for conversion costs $3.00.
The cost of goods completed was:

• A) $42,945
• B) $40,000
• C) $40,816
• D) $41,053

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Definitions:

Resolve Disagreements

The act of finding a solution or reaching a consensus to conflicts or differences of opinion.

Homicide

The act of one human being killing another, which can be classified in various legal contexts such as murder, manslaughter, or justifiable homicide.

Leading Cause Of Death

Refers to the most common reason for deaths in a particular population or region at a given time.

Illicit Drug Use

The consumption of unauthorized or non-prescribed drugs that may result in dependency and adverse outcomes.