Chen Corporation, a New Company, Adds Material at the Beginning

question 56

Multiple Choice

Chen Corporation, a new company, adds material at the beginning of its production process; conversion costs, in contrast, are incurred evenly throughout the manufacturing process. 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)$48,000.
• D)$56,400.
• E)$74,000.

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Definitions:

Professionalization

The process by which an occupation transforms into a profession, typically involving the development of formal training programs, ethical standards, and officially recognized certification.

Protestantism

A branch of Christianity originating from the Reformation in the 16th century, emphasizing salvation through faith alone, the priesthood of all believers, and the authority of the Bible.

Mass Education

The provision of education to large numbers of people, typically through public schooling systems.

Cultural Capital

Social assets that are not of financial nature, enhancing societal mobility outside of economic capabilities, such as education, intellectual capacity, manner of speaking, attire, or looks.