Kilbuck Manufacturing Operates in a Lean Manufacturing Environment

question 107

Multiple Choice

Kilbuck Manufacturing operates in a lean manufacturing environment. Kilbuck's actual conversion costs for the month of May follow: Direct and indirect labor
$150,000
Machine depreciation
85,000
Maintenance and supplies
60,000
Total conversion costs
$295,000
The journal entry to record May's conversion costs will include:

• A) a credit to Work in Process Inventory
• B) a debit to Raw Materials Inventory
• C) a credit to Raw and In Process Inventory
• D) a debit to Raw and In Process Inventory

---

Definitions:

False Alternative

A logical fallacy that occurs when an argument unjustly limits the options to two when there are more possibilities.

Fallacy

An erroneous argument or reasoning that renders an argument invalid due to a flaw in its structure or logic.

Medical School

A tertiary educational institution—or part of such an institution—that teaches medicine and awards a professional degree for physicians and surgeons.

Epic Fail

Informal term describing a significant or humorous failure, especially one that was attempted with a high level of confidence or enthusiasm.