Information for the Current Month for Process 5 Is Shown

question 48

Multiple Choice

Information for the current month for Process 5 is shown below. 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.

---

Definitions:

Catalog Price

The listed price of items for sale as published in a catalog, not accounting for any discounts or promotions that might apply.

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including repayment timeline, interest rate, and any other charges.

Manufacturing Company

A business that produces goods through the processing of raw materials into finished products on a large scale.

Inventory Accounts

Refers to the ledger accounts that hold records of a company's raw materials, work-in-progress, and finished goods.