Question
A Weighted Average Question to use the information below: Each product must pass through the Assembly Department and the Testing Department. The Tock Clock Company
A Weighted Average Question to use the information below: Each product must pass through the Assembly Department and the Testing Department. The Tock Clock Company manufactures a single type of clock on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Tock Clock Company uses weighted-average costing.
Data for assembly Department for June 2020 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)
Costs for June 2020;
Work in process, beginning inventory ;
Direct materials 90,000
Conversion costs 135,000
Direct materials costs added during June. 500,000
Conversion costs added during June 500,000
If Tock uses the weighted-average method, what was the number of units completed and transferred out during this period (June 2020)?
1,050 units
1,012.5 units
962 units
900 units
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started