Information for the Current Month for the Polishing Department Is

question 63

Multiple Choice

Information for the current month for the Polishing Department is shown below. $\begin{array}{|l|c|c|}\hline & \text { Direct Materials } & \text { Conversion Costs } \\\hline \text { Begining work in process inventory } & \$ 8,100 & \$ 10,525 \\\hline \text { Current month's costs } & \$ 31,240 & \$ 56,240 \\\hline \text { Ecuivalent units based on the FIFO costing gmethod } & 71,000 & 74,000 \\\hline {\text { Urits completech } 69,000} \\\hline \text { Units in ending work in process inventoty }-6,000 & & \\\hline\end{array}$
Direct materials are added at the beginning of the process. Beginning work in process is 30 percent complete as to conversion costs; ending work in process inventory is 80 percent complete. Determine the cost of ending work in process inventory.

• A) $7,200
• B) $3,552
• C) $5,760
• D) $6,288

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Definitions:

Rapid Deforestation

The fast-paced clearing or thinning of forests by humans, often for agriculture, logging, or urban development, leading to significant ecological and environmental impacts.

Sustainable Products

Goods that are produced and used in ways that do not deplete natural resources or harm the environment, thereby supporting long-term ecological balance.

Sugarcane Waste Fiber

A byproduct of the sugarcane industry, used for sustainable packaging, bioenergy production, and as an eco-friendly alternative to traditional paper.

Sustainable Products and Services

Goods and services designed with a focus on reducing negative impacts on the environment or society over their entire lifecycle.