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:

SE Coef

The Standard Error of the Coefficient (SE Coef) measures the accuracy with which a sample represents a population, specifically showing how much the estimated coefficients of a regression analysis are likely to vary from the actual population values.

Linear Effects

Phenomena or changes that are directly proportional to the changes in an independent variable, showing a straight-line relationship in graphical representations.

Worst Predictor

A variable or factor that provides little to no useful information in forecasting or predicting outcomes.

Linear Effects

The impact on a dependent variable that is proportional to the change in an independent variable, suggesting a straight-line relationship in a statistical model.