Lo-Crete Produces Quick Setting Concrete Mix

question 16

Multiple Choice

Lo-crete produces quick setting concrete mix.Production of 200,000 tons was started in April,190,000 tons were completed.Material costs were $3,152,000 for the month while conversion costs were $591,000.There was no beginning work-in-process;the ending work-in-process was 70% complete.What is the cost of the product that remains in work-in-process?

• A)$591,000.
• B)$131,005.
• C)$187,150.
• D)$133,000.

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Definitions:

Synchronizes Time

The process of making two or more clocks or time references agree in time.

Globally Distributed

The dispersion of resources, operations, or processes across multiple geographic locations around the world.

Data Lake

A central repository that stores all of an organization’s data, regardless of their source or format.

Central Repository

A centralized storage location where data or software is kept and managed for easy access and sharing.