Vallin Manufacturing Corporation's Beginning Work in Process Inventory Consisted of 8,000

question 126

Multiple Choice

Vallin Manufacturing Corporation's beginning work in process inventory consisted of 8,000 units, 100% complete with respect to materials cost and 60% complete with respect to conversion costs. The total cost in the beginning inventory was $36,000. During the month, 40,000 units were transferred out. The equivalent unit cost was computed to be $2.50 for materials and $3.00 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was:

• A) $256,000
• B) $185,600
• C) $220,000
• D) $184,000

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Definitions:

Closed Shops

A workplace where only members of a union are hired and maintained, often established through labor union and employer agreements.

Union Shops

Workplaces where employees don't have to be union members to be hired, but must join the union within a certain period.

Union Members

Individuals who belong to a labor union, an organization that represents workers' interests in negotiations with employers regarding wages, working conditions, and benefits.

States

Politically organized territories with defined geographic boundaries, governed by their own governments and laws.