Marlow Corporation uses the FIFO method in its process costing system. Department A's beginning work in process inventory consisted of 12,000 units, 100% complete with respect to materials and 60% complete with respect to conversion costs. The total cost of this inventory was $76,400. A total of 25,000 units were transferred out during the month. The costs per equivalent unit were computed to be $3.40 for materials and $4.70 for conversion costs. The cost of the units completed and transferred out was closest to:
A. $202,500
B. $204,260
C. $146,100
D. $195,540
Answer: B
You might also like to view...
A peer or manager who works closely with employees to motivate them, help them develop their skills, and provide reinforcement and feedback is known as a
A. high-potential employee. B. protégé. C. coach. D. moderator. E. facilitator.
Which of the following has the task of evaluating alternative AIS solutions?
a. AIS analysis b. AIS selection c. AIS implementation d. AIS operations
A liquidated damage provision will be enforced when:
A. a technical breach of contract has occurred without causing any actual loss. B. the nature of the contract is such that damages are easy to determine. C. the amount agreed on is not the injured party's exclusive remedy. D. the amount specified is reasonable and actual damages are difficult to determine.
Leona bought two different brands of wine from vineyards in Australia. When asked for her opinion about the wines, she said that one brand of wine tasted like alcoholic grape juice, but the other had a crisp taste that she really enjoyed
These statements were most likely made during the ________ stage of the buyer decision process. A) information search B) need recognition C) alternative evaluation D) purchase decision E) postpurchase behavior