Materials Costs of $500,000 and Conversion Costs of $535,500 Were

question 64

Multiple Choice

Materials costs of $500,000 and conversion costs of $535,500 were charged to a processing department in the month of September.Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process.There were no units in beginning work in process, 100,000 units were started into production in September, and there were 8,000 units in ending work in process that were 40% complete at the end of September.
-What was the total amount of manufacturing costs assigned to those units that were completed and transferred out of the process in September?

• A)$460,000.
• B)$977,500.
• C)$1,035,500.
• D)$1,063,000.

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Definitions:

Decentralization

The process of distributing or dispersing functions, power, people, or things away from a central location or authority.

Mexico's Constitution

The supreme law of Mexico, established in 1917, which includes provisions for the protection and rights of workers.

Economic Rights

Rights that allow individuals to engage in activities for the purpose of earning income such as the right to work, right to own property, and rights to appropriate remuneration.

Collective Bargaining

is a negotiation process between employers and a group of employees aimed at reaching agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.