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102. Honrad Company's Assembly Department has materials cost at $4 per unit and conversion cost at $8 per unit. There are 30,000 units in
102. Honrad Company's Assembly Department has materials cost at $4 per unit and conversion cost at $8 per unit. There are 30,000 units in ending work in process, all of which are 70% complete as to conversion costs. Materials are added at the beginning of the process. How much are total costs to be assigned to inventory? a. $168,000. b. $288,000. c. $253,200. d. $360,000. Ans: B, LO: 4, Bloom: AP, Difficulty: Medium, Min: 3, AACSB: Analytic, AICPA BB: Industry/Sector Perspective, AICPA FN: Reporting, AICPA PC: Problem Solving, IMA: Reporting
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
