Question: Use the information below to answer the following question ( s ) . Time Clock Shop manufactures clocks on an automated assembly line. It utilizes

Use the information below to answer the following question(s).
Time Clock Shop manufactures clocks on an automated assembly line. It utilizes 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 production, while conversion costs are allocated evenly throughout production. The company uses weighted-average costing.
Data for the Assembly Department are:
Work in process, beginning inventory
250 units
Direct materials (100% complete)
Conversion costs (50% complete)
Units started during June
800 units
Work in process, ending inventory
150 units
Direct materials (100% complete)
Conversion costs (75% complete)
Work in process, beginning inventory
Direct materials
$180,000
Conversion costs
$270,000
Direct materials costs added during June
$1,000,000
Conversion costs added during June
$1,000,000
The direct material cost per equivalent unit is $1,123.81; The conversion cost per equivalent unit is $1,254.32
What amount of conversion costs are assigned to ending work-in-process for June at Time Clock Shop?
$141,111.00
$160,986.38
$111,110.63
$188,148.00
$137,993.63

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