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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
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 direct materials costs is assigned to the ending Work-in-Process account for June
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