Shining Star Company Uses an Automated Process to Clean and Polish

question 96

Essay

Shining Star Company uses an automated process to clean and polish its souvenir items.For March,the company had the following activities:
$$\begin{array} { | l | l | } \hline \text { Beginning work in process inventory } & 3,000 \text { items, } 1 / 3 \text { complete } \\\hline \text { Units placed in production } & 12,000 \text { units } \\\hline \text { Units completed } & 9,000 \text { units } \\\hline \text { Ending work in process inventory } & 6,000 \text { items, 2/5 complete } \\\hline & \\\hline \text { Cost of beginning work in process } & \$ 2,500 \\\hline \text { Direct material costs, current } & \$ 9,000 \\\hline \text { Conversion costs, current } & \$ 8,320 \\\hline\end{array}$$ Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process.
Required:
Prepare a production cost worksheet using the FIFO method.

Understand the principle that the voltage of a resistance temperature detector (RTD) changes with temperature.

Understand the basic functioning and components of a programmable logic controller (PLC) system.

Comprehend how inputs and outputs are related in a PLC system.

Understand the definition and key characteristics of entrepreneurship.

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Definitions:

Merger

The process by which two or more companies join together to form a single new company, combining their assets, resources, and operations.

Customer Experience

The internal response that customers have to all aspects of an organization and its offering.

Strategy

A high-level plan designed to achieve one or more goals under conditions of uncertainty.

American Marketing Association

A professional association for marketing professionals and scholars, aimed at promoting marketing research, education, and practice.