Figure 6-7

question 5

Multiple Choice

Figure 6-7.Geller Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of March. The beginning inventory was 70% complete for materials and 30% complete for conversion costs. The ending inventory was 905 complete for materials and 50% complete for conversion costs.Costs pertaining to the month of March are as follows:
Beginning inventory costs are: materials, $44,400; conversion cost $30,500.Costs incurred during March are: materials used, $588,000; conversion cost $624,000.
-Refer to Figure 6-7. Using the weighted average method, the total cost of the units in the ending work-in-process inventory at March 31 is

• A) $253,960.
• B) $269,008.
• C) $250,000.
• D) $256,960.

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Definitions:

Specialized Medical Education

Programs and training in the medical field that focus on a specific area of medicine, allowing health care professionals to gain advanced expertise in particular treatment methods, medical procedures, or patient populations.

Utilization Reviews

Assessment processes conducted by healthcare providers or insurance companies to determine the necessity, appropriateness, and efficiency of the use of healthcare services.

Single-Payer System

A healthcare financing system where a single public or quasi-public agency organizes health care financing, but delivery may be provided by private entities.

Ambulatory Care

Medical services provided on an outpatient basis, including diagnosis, observation, consultation, treatment, intervention, and rehabilitation services.