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Author Question: Morgan Clay Products manufactures clay molded pottery on an assembly line. Its standard costing ... (Read 160 times)

dollx

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on: Mar 6, 2021
Morgan Clay Products manufactures clay molded pottery on an assembly line. Its standard costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Molding Department and the Finishing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production.

Data for the Assembly Department for August 2017 are:
Work in process, beginning inventory:3000 units
 Direct materials (100% complete)
 Conversion costs (40% complete)

Units started during August695 units
Work in process, ending inventory:500 units
 Direct materials (100% complete)
 Conversion costs (65% complete)

Costs for August:
 Standard costs for Assembly:
Direct materials$15 per unit
Conversion costs$35.50 per unit

 Work in process, beginning inventory:
Direct materials$12,400
Conversion costs$9450

What is the balance in ending work-in-process inventory?
◦ $61,500
◦ $21,850
◦ $18,373
◦ $19,038
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by dollx on Mar 6, 2021

pocatato

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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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dollx

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

duy1981999

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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