Use the Following Information to Answer the Following Questions

question 35

Multiple Choice

Use the following information to answer the following Questions
Forrest Corporation, a new company, adds material at the beginning of its production process; conversion cost, in contrast, is incurred evenly throughout manufacturing. During May, the firm completed 15,000 units and had ending work in process of 2,000 units, 60% complete. Equivalent-unit costs were: materials, $15; conversion, $22.
-The cost of the company's ending work-in-process inventory is:

• A) $26,640.
• B) $44,400.
• C) $56,400.
• D) $74,000.
• E) None of the answers is correct.

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Definitions:

Master Analysts

Highly skilled professionals adept in analyzing complex data, trends, or systems to draw significant conclusions or make pivotal decisions.

Heuristics

Mental shortcuts or "rules of thumb" that simplify decision-making processes, enabling quicker, albeit not always accurate, judgements and solutions.

Eidetic Imagery

The rare ability to recall images, sounds, or objects in memory with great accuracy and in detailed visualization, often referred to as photographic memory.

Incubation

The process of keeping something under controlled conditions to develop or grow, often used in the context of eggs or infectious diseases.