Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Weighted Average Question: Each product must pass through the Assembly Department and the Testing Department. Beverage Crafters Incorporated manufactures a single type of clock on

image text in transcribed

Weighted Average Question: Each product must pass through the Assembly Department and the Testing Department. Beverage Crafters Incorporated 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. Kaepernick Clock Company uses weighted average costing. 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 2018: 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. What amount of conversion costs are assigned to the ending Work-in-Process account for June? $509,78.32 O $70,555.50 $63,225.25 $90,074

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Evolution Not Revolution

Authors: Michael Bromwich, Al Bhimani

1st Edition

0908269137, 978-0908269136

More Books

Students also viewed these Accounting questions

Question

Describe Balor method and give the chemical reaction.

Answered: 1 week ago

Question

How to prepare washing soda from common salt?

Answered: 1 week ago