Kilbuck Company Operates in a Lean Manufacturing Environment

question 71

Multiple Choice

Kilbuck Company operates in a lean manufacturing environment. Kilbuck applies conversion costs at a rate of $25 per unit. Kilbuck produced 12,000 units during May. Kilbuck's actual conversion costs for the month of May were: The journal entry to record applied conversion costs for May will include a

• A)credit to Work in Process Inventory for $300,000
• B)debit to Conversion Costs for $300,000
• C)credit to Raw and In Process Inventory for $295,000
• D)debit to Raw and In Process Inventory for $300,000

---

Definitions:

Total Ambivalence

A state of having mixed feelings or contradictory ideas about something or someone.

Optimal Distinctiveness Theory

A social psychology theory suggesting that individuals seek a balance between fitting in with a group and standing out as unique.

Autonomy

The capacity to make an informed, uncoerced decision or the state of being self-governing.

Brewer

Brewer may refer to a person who makes beer or the last name of individuals notable in various fields; without more context, it's hard to specify.