Question
Shiffon Electronics manufactures music player. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department,
- Shiffon Electronics manufactures music player. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department, the Programming department, and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Shiffon Electronics uses weighted-average costing.
The following information is available for the month of March 2017 for the Assembly department.
Work in process, beginning inventory 340 units
Conversion costs (25% complete)
Units started during March 860 units
Work in process, ending inventory: 140 units
Conversion costs (60% complete)
The cost details for the month of March are as follows:
Work in process, beginning inventory:
Direct materials $349,000
Conversion costs $360,000
Direct materials costs added during March $703,500
Conversion costs added during March $1,130,000
What amount of conversion costs is assigned to the ending Work-in-Process account for March?
(Round intermediary dollar amounts to the nearest cent and unit amounts to the nearest whole unit.) ?
| A. | $270,629 |
| B. | $182,343 |
| C. | $122,792 |
| D. | $109,406 |
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