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Spiral Company Manufactures Generic Notebooks The Total Cost of the Ending Work- In- Process Inventory

question 92

Multiple Choice

Spiral Company manufactures generic notebooks. Material is introduced at the beginning of the process in the Printing department. Conversion costs are applied uniformly throughout the process. The weighted- average method of product costing is used. Data for the Printing department for the month of June follow: $\begin{array}{lr}\text { Work-in-process inventory, June } 1\\\text { Units } & 15,000 \text { units } \\\text { Direct materials ( } 100 \% \text { complete) } & \$ 34,000 \\\text { Conversioncosts }(30 \% \text { complete) } & \$ 14,000\\\text { Units started in June } & 65,000 \text { units } \\\text { Units completed in June } & 62,000 \\\text { units Work-in-process inventory,June 30 } & 18,000\text { units }\\\text { ( } 100 \% \text { complete as to materials }\\\text { and } 60 \% \text { complete as to conversioncosts) }\\\text { Direct materials added in June } & \$ 285,000 \\\text { Conversioncostsadded in June } & \$ 210,000\end{array}$ The total cost of the ending work- in- process inventory is:

Recognize the role of cognitive processes in conditioning.

Discern the various outcomes and processes involved in conditioning and learning theories.

Understand the functionalist theory in the context of family roles and structures.

Identify different family forms and their societal roles.

Definitions:

Private Sector

The sector of the economy operated by private individuals and businesses aiming for profit, without direct governmental management.

Excluded

Not included, left out, or omitted from a group, list, or category.

Rivalry in Consumption

A situation where the consumption of a good or service by one individual reduces its availability for consumption by others.

Public Good

Offerings of goods or services to the whole society at no expense, facilitated by either the state or private entities, not pursuing profitability.