Assume the following information: Percent Complete
Milling Department Units Materials Conversion
Beginning work in process inventory 200 40 % 30 %
Units started into production during March 6,200
Units completed during the period and transferred to
the next department 5,800 100 % 100 %
Ending work in process inventory 600 70 % 60 %
Milling Department Materials Conversion
Cost of beginning work in process inventory $ 10,000 $ 15,000
Costs added during the period 286,000 385,000
Total cost $ 296,000 $ 400,000

Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest to:

A) 21,487

B) 20,487

C) 21,187

D) 19,987

67) Assume a company uses the weight-average method in its process costing. Its Work in Process T-account for the Refining Department for August is:

Work in Process: Refining Department
August 1 balance 62,000 Completed and transferred
to Finished Goods ?
Materials 310,000
Direct labor 72,000
Overhead 181,000
August 31 balance ?

The August 1 work in process inventory consisted of 6,000 units with $49,500 in materials cost and $12,500 in conversion cost. The August 1 work in process inventory was 100% complete with respect to materials and 40% complete with respect to conversion. During August 48,000 units were started into production. The August 31 work in process inventory consisted of 8,000 units that were 100% with respect to materials and 60% complete with respect to conversion.

The materials cost included in the Refining Department’s ending work in process inventory is closest to:

A) 55,280

B) 50,280

C) 57,280

D) 53,280

answer; descriptive statistics;

answer; consideration;

answer decisions made by individual households and firms;

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.