Kimbeth Manufacturing Makes Dust Density Sensors (DDS), a Safety Device

question 103

Multiple Choice

Kimbeth Manufacturing makes Dust Density Sensors (DDS) , a safety device for the mining industry. The company uses a process costing system and has only a single processing department. The following information pertains to operations for the month of May:
$\begin{array} { | l | r | } \hline & \text { Units } \\\hline \text { Beginning work in process inventory } & 16,000 \\\hline \text { Started into production during May } & 100,000 \\\hline \text { Completed during May } & 92,000 \\\hline \text { Ending work in process inventory } & 24,000 \\\hline\end{array}$
The beginning work-in-process inventory was 60% complete with respect to materials and 20% complete with respect to conversion costs. The ending work-in-process inventory was 90% complete with respect to materials and 40% complete with respect to conversion costs. The costs were as follows:
$\begin{array}{|l|r|r|}\hline & \text { Materials } & \text { Conversion } \\\hline \begin{array}{l}\text { Beginning work-in-process } \\\text { inventory }\end{array} & \$ 54,560 & \$ 35,560 \\\hline \text { Costs incurred during May } & \$ 468,000 & \$ 574,040 \\\hline\end{array}$


- Using the FIFO method,the total cost of units in the ending work-in-process inventory is closest to which of the following?

• A) $153,200.
• B) $154,800.
• C) $155,300.
• D) $157,000.

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Definitions:

Marginal Listening

A poor form of listening where the listener gives minimal attention to the speaker, often leading to misunderstandings or miscommunication.

Active Listening

A technique of listening that involves paying full attention to the speaker, understanding their message, responding appropriately, and remembering the discussion, indicating respect and empathy.

Listening Level

The degree of attention and understanding demonstrated when receiving and processing information auditorily.

Listening

The active process of receiving, interpreting, and responding to verbal and non-verbal messages.