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:

Restrictions

Limitations or conditions placed on activities, transactions, or behaviors to regulate or control their occurrence.

Tariff

A tax imposed by a government on goods and services imported from other countries.

Comparative Advantage

The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than other producers.