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 material cost of the product that remains in work-in-process?
A)$315,200.
B)$157,600.
C)$112,000.
D)$160,000.

Question

Quizplus · Accepted Answer

The Answer of 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 material cost of the product that remains in work-in-process?
A)$315,200.
B)$157,600.
C)$112,000.
D)$160,000.

Lo-Crete Produces Quick Setting Concrete Mix