Forrest Corporation, a new company, adds material at the beginning of its production process; conversion cost, in
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Question:
Forrest Corporation, a new company, adds material at the beginning of its production process; conversion cost, in contrast, is incurred evenly throughout manufacturing. During May, the firm completed 16,000 units and had ending work in process of 3,000 units, 60% complete. Equivalent-unit costs were: materials, $25; conversion, $32.
The cost of Forrest's completed production is:
Multiple Choice
- $400,000.
- $512,000.
- $515,200.
- $912,000.
- None of the answers is correct.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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