Question: Answer the following questions using the information below: The Cuckoo Clock Shop manufactures clocks on a highly automated assembly line. Its costing system uses no
Answer the following questions using the information below:
The Cuckoo Clock Shop manufactures clocks on a highly automated assembly line. Its costing system uses no 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 casts are allocated evenly throughout
production. Cuckoo clock Shop uses weighted average costing.
Dala for the Assembly Department or June 2013 are:
Work in process, beginning inventory
250 units
Direct materials (100% complete)
Conversion costs (50% complete)
Units started during June
Work in process, ending inventory.
Direct materials (100% complete)
Conversion costs (751 complete)
800 units
150 units
Costs for June 2013
Work in process, beginning inventory:
Direct malerials 90,000
Conversion costs 135,000
Direct materials costs added during June 500,000
Conversion costs added during June 500,000
What amount of direct materials costs is assigned to the ending Work-in-Process account for june?
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