23.

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. 310 units Data for the Assembly Department for June 2017 are: Work in process, beginning inventory Direct materials (100% complete) Conversion costs (50% complete) 1040 units 160 units Units started during June Work in process, ending inventory: Direct materials (100% complete) Conversion costs (70% complete) Costs for June 2017: Work in process, beginning inventory: Direct materials Conversion costs Direct materials costs added during June Conversion costs added during June $92,000 $139,000 $601,500 $404,000 What amount of conversion costs is assigned to the ending Work-in-Process account for June? (Round any intermediary calculations to the nearest cent.) A. $289.71 B. $46,709.60 C. $81,588.24 D. $404,000.00