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

Author Question: Morgan Clay Products manufactures clay molded pottery on an assembly line. Its standard costing ... (Read 88 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

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

pocatato

  • Sr. Member
  • ****
  • Posts: 333
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 64% of students answer this correctly


dollx

  • Member
  • Posts: 558
Reply 2 on: Mar 6, 2021
Gracias!

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

The effects of germ-line versus somatic cell mutations. The effects of germ-line versus somatic cell mutations.
Sex Hormone Products Sex Hormone Products
How to find the equation of a line that is perpendicular to a line passing through a point How to find the equation of a line that is perpendicular to a line passing through a point
Many products are available to help those who are lactose intolerant enjoy dairy foods Many products are available to help those who are lactose intolerant enjoy dairy foods
Assembly of a к light-chain gene in a B cell Assembly of a к light-chain gene in a B cell
Morgan’s analysis of genetic linkage of X-linked genes for eye color Morgan’s analysis of genetic linkage of X-linked genes for eye color
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library