Answer the Following Questions Using the Information Below

question 50

Multiple Choice

Answer the following questions using the information below:
Stefan Ceramics is in the business of selling ceramic vases. It has two departments - molding and finishing. Molding department purchases tungsten carbide and produces ceramic vases out of it. Ceramic Vases are then transferred to finishing department, which designs it as per the requirement of the customers.
During the month of July, molding department purchased 500 kgs of tungsten carbide at $60 per kg. It started manufacture of 4,000 vases and completed and transferred 3,200 vases during the month. It has 800 vases in the process at the end of the month. It incurred direct labor charges of $1,000 and other manufacturing costs of $500, which included electricity costs of $200. Stefan had no inventory of tungsten carbide at the end of the month. It also had no beginning inventory of vases. The ending inventory was 50% complete in respect of conversion costs.
-What is the cost of tungsten carbide that will be assigned to vases finished and transferred to the finishing department for the month of July?

• A) $30,000
• B) $28,000
• C) $26,000
• D) $24,000

---

Definitions:

Preconventional

The initial stage in Kohlberg's theory of moral development, where behavior is driven by the desire to avoid punishment and gain rewards.

Rights And Dignity

Rights And Dignity refer to the basic human rights and respect every individual deserves regardless of their status, race, gender, or beliefs.

Pornographic Magazines

Printed publications that contain content of an explicitly sexual nature intended to stimulate erotic excitement.

Formal Operational Stage

The stage of cognitive development, according to Piaget, occurring from approximately age 12 onwards, where individuals develop the ability to think abstractly, logically, and systematically.