Use the Following Information for the Next 4 Questions

question 12

Multiple Choice

Use the following information for the next 4 questions.
Kelly, Inc. uses a weighted-average process costing system that calculates normal rework as 2% of the units passing inspection. The inspection point is at the 75% point and units failing inspection are returned to the 40% point. During the current period, 50,000 units were started; 62,000 units inspected; and 52,000 units completed. Direct material is added at the 50% point and conversion costs occur uniformly. Beginning work in process was 10,000 units, 55% complete and ending work in process was 8,000 units, 85% complete. Costs per equivalent unit for material were $1.00 and $3.00 for conversion costs.
-The loss from abnormal rework was

• A) $3,200
• B) $1,640
• C) $1,120
• D) $4,018

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Life Insurance Company

A financial institution that provides coverage on human lives, including death benefits to beneficiaries upon the death of the insured.

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United States Trustees are officials within the Department of Justice responsible for overseeing the administration of bankruptcy cases and private trustees under 28 U.S.C. Section 586 and Title 11 of the United States Code.

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Appointed officials in bankruptcy cases who oversee the debtor's assets, manage the estate, and distribute payments to creditors.

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The head of the United States Department of Justice and the chief law enforcement officer of the federal government.