This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two ... (Read 38 times)

melly21297

  • Hero Member
  • *****
  • Posts: 565
on: Mar 6, 2021
Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Timekeeper Inc. uses weighted-average costing.

Data for the Assembly Department for June 2017 are:
Work in process, beginning inventory370 units
 Direct materials (100% complete)
 Conversion costs (50% complete)

Units started during June1030 units
Work in process, ending inventory:160 units
 Direct materials (100% complete)
 Conversion costs (70% complete)

Costs for June 2017:
 Work in process, beginning inventory:
Direct materials$91,500
Conversion costs$138,000
Direct materials costs added during June$602,000
Conversion costs added during June$404,000
What is the total amount debited to the Work-in-Process account during the month of June?
◦ $229,500
◦ $1,006,000
◦ $1,144,000
◦ $1,235,500
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by melly21297 on Mar 6, 2021

atrochim

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


melly21297

  • Member
  • Posts: 565
Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

The cardiovascular system. A schematic view of the closed circulation of blood. The heart is section The cardiovascular system. A schematic view of the closed circulation of blood. The heart is section
Procedures for Diagnostic Tests Related to the Musculoskeletal system Procedures for Diagnostic Tests Related to the Musculoskeletal system
Chrysler recommends that the bleeder valve be opened whenever refilling the cooling system. Chrysler recommends that the bleeder valve be opened whenever refilling the cooling system.
Sagittal section of the female pelvis, showing organs of the reproductive system. Sagittal section of the female pelvis, showing organs of the reproductive system.
Life support system of a developing human Life support system of a developing human
Video: Bone Healing Animation

For a complete list of videos, visit our video library