Realm Company Uses Process Costing and Had an Equivalent Cost

question 30

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 for the Rolling Department that were 80% complete with respect to direct material and 60% complete with respect to conversion costs.How much is ending Work in Process in the Rolling Department at the end of May?

• A)$47,560
• B)$50,480
• C)$2,920
• D)$3,220

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Definitions:

Gastrodermis

The inner lining of the digestive cavity in cnidarians and some other invertebrate animals.

Epidermis

In mammals, the outer, protective layer of the skin; in plants, tissue that covers roots, leaves, and stems of nonwoody organisms.

Flame Cells

Specialized cells in certain invertebrates, including flatworms, used for excreting excess water and waste.

Hemolymph

A fluid equivalent to blood in most invertebrates, occupying the interior of their bodies and bathing their cells.