Grant Corporation the Following Information Is Available for Grant Corporation for the for the Current

question 160

Multiple Choice

Grant Corporation
The following information is available for Grant Corporation for the current month:

• A)$75,920
• B)$58,994
• C)$56,420
• D)$53,144

Normal spoilage (discrete)		1,100 units
Abnormal spoilage		900 units
Ending WIP	(70% complete)	13,000 units
Transferred out		72,500 units
Beginning Work in Process Costs:
	Material	$10,400
	Conversion	13,800
Current Costs:
	Material	$120,000
	Conversion	350,000

All materials are added at the start of production and the inspection point is at the end of the process.
Refer to Grant Corporation.What is the cost assigned to ending inventory using FIFO?

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Definitions:

Musculoskeletal System

The organ system that includes bones, muscles, cartilage, tendons, ligaments, and other connective tissues, providing support and structure to the body.

Geriatric Patient

An older adult, typically over the age of 65, receiving medical treatment and care.

Verbal Cues

Spoken indicators or commands that convey information or instructions.