Solved

Answer the Following Questions Using the Information Below

Question 90

Multiple Choice

Answer the following questions using the information below:
The Cuckoo Clock Shop 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. Cuckoo Clock Shop uses weighted-average costing.
Data for the Assembly Department for June 2013 are:
Answer the following questions using the information below: The Cuckoo Clock Shop 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. Cuckoo Clock Shop uses weighted-average costing. Data for the Assembly Department for June 2013 are: Costs for June 2013: -What amount of conversion costs are assigned to the ending Work-in-Process account for June? A) $509,78.32 B) $70,555.50 C) $63,225.25 D) $90,074 Answer the following questions using the information below: The Cuckoo Clock Shop 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. Cuckoo Clock Shop uses weighted-average costing. Data for the Assembly Department for June 2013 are: Costs for June 2013: -What amount of conversion costs are assigned to the ending Work-in-Process account for June? A) $509,78.32 B) $70,555.50 C) $63,225.25 D) $90,074 Costs for June 2013:
Answer the following questions using the information below: The Cuckoo Clock Shop 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. Cuckoo Clock Shop uses weighted-average costing. Data for the Assembly Department for June 2013 are: Costs for June 2013: -What amount of conversion costs are assigned to the ending Work-in-Process account for June? A) $509,78.32 B) $70,555.50 C) $63,225.25 D) $90,074
-What amount of conversion costs are assigned to the ending Work-in-Process account for June?


A) $509,78.32
B) $70,555.50
C) $63,225.25
D) $90,074

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q27: The first-in, first-out process-costing method assumes that

Q51: When there are multiple support departments within

Q67: In a process-costing system average unit costs

Q85: Pet Products Company uses an automated process

Q86: Answer the following questions using the information

Q89: Companies that use process-costing systems will incur

Q91: Transferred-in costs are treated as if they

Q94: Transferred-in costs are incurred in previous departments

Q95: Process-costing systems separate costs into cost categories

Q123: Marv and Vicki own and operate a