Kelly, Inc

question 91

Multiple Choice

Kelly, Inc. uses a weighted-average process costing system that calculates normal rework as 2% of the units passing inspection. The inspection point is at the 75% point and units failing inspection are returned to the 40% point. During the current period, 50,000 units were started; 62,000 units inspected; and 52,000 units completed. Direct material is added at the 50% point and conversion costs occur uniformly. Beginning work in process was 10,000 units, 55% complete and ending work in process was 8,000 units, 85% complete. Costs per equivalent unit for material were $1.00 and $3.00 for conversion costs. The cost of the goods completed was:

• A)$210,132
• B)$208,000
• C)$210,460
• D)$208,328

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Definitions:

Racial/Ethnic Minority Group

A socially defined category of people who are identified by shared heritage, culture, language, or common ancestry and who often have fewer opportunities or resources compared to the majority group within a society.

General Population

Refers to the total group of individuals that could potentially be the subject of a study or research without any specific exclusions.

LGBT Clients

Individuals who identify as lesbian, gay, bisexual, or transgender seeking services or support, particularly in contexts relating to their identities.

Ethnic/Racial Minority Groups

Demographic groups that are smaller in number within a larger community and often differ in cultural, racial, or ethnic heritage from the majority.