In the Month of April, a Department Had 500 Units

question 124

Multiple Choice

In the month of April, a department had 500 units in the beginning work in process inventory that were 60% complete.These units had $40,000 of materials costs and $30,000 of conversion costs.Materials are added at the beginning of the process and conversion costs are added uniformly throughout the process.During April, 10,000 units were completed and transferred to the finished goods inventory and there were 2,000 units that were 25% complete in the ending work in process inventory on April 30.During April, manufacturing costs charged to the department were: Materials $920,000; Conversion costs $1,020,000.
-The cost assigned to the units in the ending work in process inventory on April 30 was

• A)$240,000.
• B)$210,000.
• C)$160,000.
• D)$290,000.

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Definitions:

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.

Height

The measurement of someone or something from base to top or (in more abstract senses) any measure of vertical distance, often used in geometry and physics.

Completing the Square

A mathematical technique used to convert a quadratic equation into a perfect square trinomial, thereby simplifying the procedure of finding the equation's roots.

Round

Rounding is the process of adjusting a number to a nearby value that is shorter, simpler, or more explicit, often to a specified number of decimal places or significant digits.