Information for the Current Month for Process 5 Is Shown

question 103

Multiple Choice

Information for the current month for Process 5 is shown below. $\begin{array}{lrr}&\text { Direct Materials}&\text { Conversion Cost }\\\text { Beginning work in process } & \$ 4,600 & \$ 2,060 \\\text { Current month's costs } & 46,400 & 42,375 \\\text { Equivalent units based on the FIFO costing } & 58,000 & 56,500 \\\text { method } & &\end{array}$


Units completed $-55,000$
Units in ending work in process-5,000 Direct materials are added at the beginning of the process.Beginning work in process is 40 percent complete as to conversion costs; ending work in process inventory is 60 percent complete.The cost of ending work in process inventory totaled

• A) $7,750.
• B) $4,650.
• C) $5,500.
• D) $6,250.

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Definitions:

Bearer

A term referring to an individual or entity that possesses a negotiable instrument, like a check or bond, and has the right to receive the funds or assets it represents.

Payee

The person or entity to whom a payment is to be made or credited.

Parts Warehouse

A storage facility specialized in storing spare parts for various types of machinery or vehicles.