El Rey Company Manufactures Generic Notebooks $\begin{array} { l } \text {Direct materials added in June }&\$285,000\\ \text {Conversion costs added in June }&\$210,000\\\end{array}$

question 46

Multiple Choice

El Rey Company manufactures generic notebooks.Material is introduced at the beginning of the process in the Printing Department.Conversion costs are applied uniformly throughout the process.The weighted-average method of process costing is used.Data for the Printing Department for the month of June follow:
Work-In-Process Inventory,June 1:
$\begin{array} { l } \text { Units}&15,000\\ \text {Direct materials ( \( 100 \% \) complete) }&\$35,000\\ \text {Conversion costs ( \( 30 \% \) complete) }&\$8,400\\\end{array}$

$\begin{array} { l } \text {Units started in June }&65,000\\ \text { Units completed in June}&62,000\\ \text {Work-In-Process Inventory, June 30 }&18,000\\\end{array}$

$\begin{array} { l } \text {Direct materials added in June }&\$285,000\\ \text {Conversion costs added in June }&\$210,000\\\end{array}$

With regard to the Work-In-Process Inventory on June 30,materials are 100 percent complete and conversion costs are 60 percent complete.The total cost of the ending Work-In-Process Inventory is ________.

• A) $104,400
• B) $111,996
• C) $122,175
• D) $127,260

Learn the implications of currency value fluctuations on international business operations.

Understand the impact of currency exchange rates on international business and the factors influencing these rates.

Identify and differentiate among various global market entry strategies.

Assess the political and economic risks associated with international markets.

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Definitions:

Annual Membership Card

A card issued to members granting them access to benefits and services for a year, often used by clubs, organizations, or businesses to foster customer loyalty.

Outlet Store

A retail store that sells products directly from the manufacturer at reduced prices, often overstock or out-of-season items.

Hypermarket

A large retail store that combines a supermarket and a department store, offering a wide variety of food and non-food products under one roof.

Supercenter

A large retail store that combines groceries and general merchandise goods in a single location.