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Author Question: Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two ... (Read 29 times)

bobbysung

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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 inventory310 units
 Direct materials (100% complete)
 Conversion costs (50% complete)

Units started during June1040 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$92,000
Conversion costs$139,000
Direct materials costs added during June$601,500
Conversion costs added during June$404,000
What amount of conversion costs is assigned to the ending Work-in-Process account for June?  (Round any intermediary calculations to the nearest cent.)
◦ $81,588.24
◦ $46,709.60
◦ $289.71
◦ $404,000.00
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by bobbysung on Mar 6, 2021

Jayson

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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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bobbysung

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Reply 2 on: Mar 6, 2021
Excellent

flexer1n1

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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