In the Shaping Department of Rollins Company the Unit Materials

question 140

Multiple Choice

In the Shaping Department of Rollins Company the unit materials cost is $5.00 and the unit conversion cost is $3.00. The department transferred out 40000 units and had 5000 units in ending work in process 20% complete. If all materials are added at the beginning of the process the total cost to be assigned to the ending work in process is

• A) $8000.
• B) $25000.
• C) $28000.
• D) $40000.

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Definitions:

Stock Dividend

A form of dividend payment made in shares of stock rather than cash, often signaling a company's growth prospects or lack of sufficient cash flow.

Common Stock Dividends Distributable

Amounts declared by a company to be paid as dividends to holders of its common stock, recorded as a liability until paid.

Stock Split

An action by a company to divide its existing shares into multiple shares to lower the trading price of the stock, making it more accessible to investors.

Stock Dividend

A distribution of extra shares given to shareholders by a corporation, instead of distributing cash.