Question
Use the following to answer questions 18 through 20: John Dillinger Inc. uses the weighted-average method in its process costing system. The following data summarizes
Use the following to answer questions 18 through 20:
John Dillinger Inc. uses the weighted-average method in its process costing system. The following data summarizes the operations of the company's metal processing department for August:
Work in process, beginning:
Units in process........................................................
800
Stage of completion with respect to materials...........
60%
Stage of completion with respect to conversion........
10%
Costs in the beginning inventory:
Direct materials cost..............................................
$1,296
Conversion cost.....................................................
$2,416
Units started into production during the month............
16,000
Units completed and transferred out............................
16,500
Costs added to production during the month:
Direct materials cost..................................................
$47,250
Conversion cost........................................................
$497,696
Work in process, ending:
Units in process........................................................
300
Stage of completion with respect to direct materials..
80%
Stage of completion with respect to conversion........
20%
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Question 18
1pts
John Dillinger's total cost of direct materials in the WIP inventory of the metal processing department at the end of August is:
Group of answer choices
$1,296
$696
$1,812
$2,508
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Question 19
1pts
John Dillinger's total conversion costs in the WIP inventory of the metal processing department at the end of August is:
Group of answer choices
$1,296
$2,508
$2,416
$1,812
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Question 20
1pts
John Dillinger's total cost of units completed and transferred out of the metal processing department in August was:
Group of answer choices
544,946
$546,150
$500,112
$548,658
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