Examlex

Solved

The Following Information Is Available for Department C for the Month

question 112

Multiple Choice

The following information is available for Department C for the month of August:  Units  Cost  Work in process, August 1 (70% complete)  10,000 Direct materials $36,000 Direct labor 18,000 Manufacturing overhead 24,000 Total work in process, August 1$78,000 Started in production during August 40,000 Costs added:  Direct materials 108,000 Direct labor 48,000 Manufacturing overhead 61,040 Total costs added during August $217,040 Work in process, August 31 (80% complete)  4,000 Units completed and transferred out 42,000\begin{array} { l r r } & \text { Units } & \text { Cost } \\\text { Work in process, August } 1 \text { (70\% complete) } & 10,000 & \\\text { Direct materials } & & \$ 36,000 \\\text { Direct labor } & & 18,000 \\\text { Manufacturing overhead } & & 24,000 \\\text { Total work in process, August } 1 && \$ 78,000 \\\text { Started in production during August } & 40,000 & \\\text { Costs added: } & & \\\text { Direct materials } & & 108,000 \\\text { Direct labor } & & 48,000 \\\text { Manufacturing overhead } & & 61,040\\\text { Total costs added during August } & & \$ 217,040\\\text { Work in process, August } 31 \text { (80\% complete) } & 4,000 & \\\text { Units completed and transferred out } & 42,000 &\end{array} Materials are added at the beginning of the process. Inspection takes place at the 50 percent point in the conversion process to determine spoiled units. Round unit costs to two decimal places. The company uses the weighted average cost flow assumption.
Department C's equivalent units of production for conversion using the weighted average method is


Definitions:

Findspot

The location where an archaeological artifact was found.

Mycenaean Artist

Artisans from the Mycenaean civilization, flourishing in Greece during the late Bronze Age, known for their pottery, frescoes, and goldwork artifacts.

Minoan Artist

Artisans from the ancient Minoan civilization on Crete, known for their advanced and distinctive art forms, including frescoes, pottery, and metalwork.

Minoan Pottery

Ceramic vessels produced by the ancient Minoan civilization, noted for their elaborate designs, vivid colors, and role in archaeological studies of the culture.

Related Questions