Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost...

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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 2020 are: Work in process, beginning inventory Direct materials (100% complete) Conversion costs (50% complete) Units started in June Work in process, ending inventory: Direct materials (100% complete) Conversion costs (85% complete) Costs for June 2020: Work in process, beginning inventory: Direct materials Conversion costs Direct materials costs added during June Conversion costs added during June 350 units 1,040 units 220 units $90,000 $137,000 $603,000 $400,500 What amount of conversion costs is assigned to the ending Work - in - Process account for June? (Round any intermediary calculations to the nearest cent.) 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 2020 are: Work in process, beginning inventory Direct materials (100% complete) Conversion costs (50% complete) Units started in June Work in process, ending inventory: Direct materials (100% complete) Conversion costs (85% complete) Costs for June 2020: Work in process, beginning inventory: Direct materials Conversion costs Direct materials costs added during June Conversion costs added during June 350 units 1,040 units 220 units $90,000 $137,000 $603,000 $400,500 What amount of conversion costs is assigned to the ending Work - in - Process account for June? (Round any intermediary calculations to the nearest cent.)

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ANSWER To calculate the amount of conversion costs assigned to the ending WorkinProcess account for ... View the full answer