A Company That Uses Process Costing Has 1,000 Units in Ending

question 59

Multiple Choice

A company that uses process costing has 1,000 units in ending Work in Process Inventory that
Are 100% complete with respect to materials and 80% complete with respect to conversion costs.The cost per unit for inventory is $2.15 for materials and $1.65 for conversion costs.What is the cost assigned to the ending Work in Process inventory?

• A)$3,470
• B)$3,800
• C)$3,040
• D)$2,150

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Definitions:

Ethical Dilemmas

Situations in which a person must choose between actions that are evaluated as morally right or wrong, often involving a conflict of values.

Functional Areas

Divisions within a business or organization that specialize in particular tasks or operations, such as marketing, finance, or production.

Integrity

The quality of being honest and holding strong moral principles; often considered a foundational attribute in professional and personal conduct.

Synergy

Synergy refers to the increased effectiveness or improved results achieved when two or more elements (such as individuals, organizations, or systems) work together compared to working independently.