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Author Question: Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two ... (Read 74 times)

melly21297

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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
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Marked as best answer by melly21297 on Mar 6, 2021

atrochim

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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.
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melly21297

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

chereeb

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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