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:

Filibuster

A parliamentary procedure where debate is extended, allowing one or more members to delay or entirely prevent a vote on a proposal.

Joint Committees

Committees made up of members from both houses of a bicameral legislature, tasked with addressing issues that require input from both the Senate and the House of Representatives.

Economic

Pertaining to the production, distribution, and consumption of goods and services, and the analysis of the behavior of economies.

Taxation

The process by which governments finance their expenditure by imposing charges on citizens and corporate entities.