Stefan Ceramics Is in the Business of Selling Ceramic Vases

question 66

Multiple Choice

Stefan Ceramics is in the business of selling ceramic vases. It has two departments - molding and finishing. Molding department purchases tungsten carbide and produces ceramic vases out of it. Ceramic Vases are then transferred to finishing department, which designs it as per the requirement of the customers.
During the month of July, molding department purchased 720 kgs of tungsten carbide at $280 per kg. It started manufacture of 4200 vases and completed and transferred 3800 vases during the month. It has 400 vases in the process at the end of the month. It incurred direct labor charges of $1500 and other manufacturing costs of $1300, which included electricity costs of $300. Stefan had no inventory of tungsten carbide at the end of the month. It also had no beginning inventory of vases. The ending inventory was 50% complete in respect of conversion costs.
Which of the following journal entry would record the tungsten carbide purchased and used in production during July?

Grasp the significance of immediate and consistent discipline based on the hot-stove rule.

Recognize the importance of protecting employee privacy during workplace investigations and searches.

Understand legal considerations and employee rights concerning workplace discipline and termination.

Understand the differences between z-scores and t-statistics.

---

Definitions:

Lengthy Memos

Extended written communications that address specific topics, often used within an organization to convey information or directives.

Emphasize

To give special importance or prominence to something in speaking or writing.

Bottom

The lowest part, point, or level of something.

De-Emphasize

To reduce the importance, size, or prominence of something within a context.