Information for the Current Month for Process D Is Shown

question 8

Multiple Choice

Information for the current month for Process D is shown below. Units completed-72,000
Units in ending work in process inventory-5,000
Direct materials are added at the beginning of the process.Beginning work in process is 50 percent complete as to conversion costs;ending work in process inventory is 40 percent complete.Determine the cost of ending work in process inventory.

• A)$7,040
• B)$5,120
• C)$3,200
• D)$3,760

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Definitions:

Exponentially Distributed

Pertains to a type of statistical distribution that describes the time between events in a process where events occur continuously and independently at a constant average rate.

Variance

Variance is a statistical measure that represents the dispersion or spread of a dataset by calculating the average of the squared differences from the mean, indicating how much the data points in a set differ from the mean value.

Exponential Distribution

A probability distribution that describes the time between events in a process where occurrences happen at a constant rate.

Proportion

A portion, segment, or fraction when evaluated in relation to its entirety.