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Answer the Following Questions Using the Information Below

Question 72

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Answer the following questions using the information below:
Lehman Pottery Company 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 Assembly 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 2008 are:
Answer the following questions using the information below: Lehman Pottery Company 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 Assembly 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 2008 are: Costs for August: -What is the balance in ending work-in-process inventory? A) $25,500 B) $ 38,500 C) $15,600 D) $18,900 Answer the following questions using the information below: Lehman Pottery Company 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 Assembly 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 2008 are: Costs for August: -What is the balance in ending work-in-process inventory? A) $25,500 B) $ 38,500 C) $15,600 D) $18,900 Answer the following questions using the information below: Lehman Pottery Company 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 Assembly 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 2008 are: Costs for August: -What is the balance in ending work-in-process inventory? A) $25,500 B) $ 38,500 C) $15,600 D) $18,900 Costs for August:
Answer the following questions using the information below: Lehman Pottery Company 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 Assembly 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 2008 are: Costs for August: -What is the balance in ending work-in-process inventory? A) $25,500 B) $ 38,500 C) $15,600 D) $18,900 Answer the following questions using the information below: Lehman Pottery Company 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 Assembly 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 2008 are: Costs for August: -What is the balance in ending work-in-process inventory? A) $25,500 B) $ 38,500 C) $15,600 D) $18,900
-What is the balance in ending work-in-process inventory?


A) $25,500
B) $ 38,500
C) $15,600
D) $18,900

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