Use This Information About Department J to Answer the Questions

question 119

Multiple Choice

Use this information about Department J to answer the questions that follow.
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Department J had no work in process at the beginning of the period. 18,000 units were completed during the period, and 2,000 units were 30% completed at the end of the period. The following manufacturing costs were debited to the departmental work in process account during the period (assume the company uses FIFO and rounds cost per unit to two decimal places) :
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$$\begin{array} { l r } \text { Direct materials } ( 20,000 \text { at } \$ 5 ) & \$ 100,000 \\\text { Direct labor } & 142,300 \\\text { Factory overhead } & 57,200\end{array}$$
-Assuming that all direct materials are placed in process at the beginning of production, what is the total cost of the 18,000 units completed during the period?

• A) $90,000
• B) $193,140
• C) $16,438
• D) $283,140

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Definitions:

National Saving

The total income in an economy that remains after deducting consumption expenditures and government spending.

Interest Rate

The fraction of a quantity of money levied for borrowing it, often shown as a yearly percentage rate.

Investment

The act of allocating resources, usually money, in the expectation of generating an income or profit.

Government Bonds

Debt securities issued by a government to support government spending and obligations.