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:

• A) $127,260
• B) $111,996
• C) $122,175
• D) $105,084

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Definitions:

Yield

The amount of product produced per unit area or per process.

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Randomized Block Design

A statistical experiment design that aims to reduce the effects of confounding variables by dividing subjects into blocks before randomly assigning treatments.

Soil Type

A classification of soil based on its physical and chemical properties, such as texture, structure, and nutrient content.