This quiz: 10 point(s) possible Quiz: Quiz 6 (Chapter 18)

Quiz: Quiz 6 (Chapter 18) Question70f10 q.1iZ 10 possu This 1 pott(s) Stefan Ceramcs is in the business of sel!irg ceramic vases. It has t..'0 departrnents mdding and finishing. lv%lding department purchases tungsten carbide and ceramic vases out of it. Ceramic Vases are then transferred to finishing department. which designs it as per the requirement of he aastorners. During mooth of July, molding department purchased 500 kgs of tungsten at $60 per kg. It manufacture of 4.O vases and completed and Yansfemed 3,700 vases during the month. It has 300 vases in tho process at the end of he rnonh. It incumed direct labor charges of $1,200 and other manufacturing costs of Sl. 100, which included electricity sts of SINO. Stefan had no of tunFten carbide at be end of he month. It also had no begnmng inventory of The ending inventory was 40% cornpleto in respect of a)nversion costs, of tie following joumal enb-y would record ble tungsten carbide purchased and used in during Jut" C) A Work in ProcessMoiding Accnunts Payable Control O B, Work in ProcessMolding Accounts Payable Control O C' Accounts Payable Control Work in ProcessV'01ding C) D Accounts P ayable Control Work in ProcessMowng S3.400 S3AOO $30,000 $30,000 9,400 S3.400 $30,000 $30,000