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Author Question: Shiffon Electronics manufactures music player. Its costing system uses two cost categories, direct ... (Read 42 times)

bobbie

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Shiffon Electronics manufactures music player. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department, the Programming department, and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Shiffon Electronics uses weighted-average costing.

The following information is available for the month of March 2017 for the Assembly department.

Work in process, beginning inventory340 units
 Conversion costs (25% complete)
Units started during March860 units
Work in process, ending inventory:140 units
 Conversion costs (60% complete)

The cost details for the month of March are as follows:
Work in process, beginning inventory:
Direct materials$349,000 
Conversion costs$360,000 
Direct materials costs added during March$703,500
Conversion costs added during March$1,130,000
 
What amount of conversion costs is assigned to the ending Work-in-Process account for March? 
(Round intermediary dollar amounts to the nearest cent and unit amounts to the nearest whole unit.)
◦ $182,343
◦ $122,792
◦ $109,406
◦ $270,629


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Marked as best answer by bobbie on Mar 6, 2021

ntsoane kedibone

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bobbie

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Reply 2 on: Mar 6, 2021
Gracias!


31809pancho

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Reply 3 on: Yesterday
Excellent

 

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