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Slurpy Produces Soft Drinks and Sodas

question 20

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Slurpy produces soft drinks and sodas.Production of 100,000 liters was started in February,85,000 liters were completed.Material costs were $38,220 for the month while conversion costs were $16,380.There was no beginning work-in-process;the ending work-in-process was 40% complete.What is the cost of the product that was completed and transferred to finished goods?

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Definitions:

Dispositional

Pertaining to one's inherent qualities of mind and character, influencing behavior and reactions.

Situational

Relating to or dependent upon a particular set of circumstances or context.

Altruistically

Acting with an unselfish concern for the welfare of others.

Entrapped

The condition of being caught or trapped, either physically in a confined space or metaphorically in a situation.

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