Answer the Following Questions Using the Information Below:
Fish Fillet

question 99

Multiple Choice

Answer the following questions using the information below:
Fish Fillet Incorporated obtains fish and then processes them into frozen fillets and then prepares the frozen fish fillets for distribution to its retail sales department. Direct materials are added at the initiation of the cycle. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some fillets are spoiled due to nondetectible defects. Inspection occurs when units are 50% converted. Spoiled fillets generally constitute 4% of the good fillets. Data for April 2015 are as follows:
$\begin{array} { l } \text {WIP, beginuing inventory 4/1/2015 }& \text { 85,000 fillets} \\ \text {Direct materials (100\% complete) }\\ \text {Conversion costs ( \( 50 \% \) complete) }\\\text { Started during April } & 130,000 \text { fillets } \\\text { Completed and transferred out } 4 / 31 / 2015 & 180,000 \text { fillets } \\\text { WIP, ending inventory } 4 / 31 / 2015 & 22,000 \text { fillets }\\ \text {Direct materials ( \( 100 \% \) complete) }&\\ \text { Conversion costs ( \( 20 \% \) complete) }\\\\\text { Costs for April: }\\\text { WIP, beginuning Inventory: }\\ \text { Direct materials } & \$ 130,000 \\\text { Conversion costs } & 95,910 \\\text { Direct materials added } & 300,000 \\\text { Conversion costs added } & 383,130\end{array}$

-What is the amount of direct materials and conversion costs assigned to ending work in process using the weighted-average process-costing method?

• A) $26,720; $25,020
• B) $44,000 $15,840
• C) $83,600; $88,000
• D) $88,000; $25,080

Describe the process and rationale behind fundamental analysis for stock valuation.

Identify factors that contribute to a stock's intrinsic value and the role of fundamental analysis.

Understand the concept of two-stage growth models and reasons companies might experience such growth patterns.

Grasp the significance of seasoned equity offerings and their impact on stock valuation.

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