On March 31,Morgan Company Recorded the Following Information in the Assembly

question 24

Essay

On March 31,Morgan Company recorded the following information in the Assembly Department's Work in Process account:

Assume that the unfinished units in ending inventory are 80% complete for both materials and conversion. What is the total cost assigned to ending work in process?
A) $9,856
B) $9,952
C) $12,880
D) $14,480

• A) $9,856
• B) $9,952
• C) $12,880
• D) $14,480

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Definitions:

Sales Discounts

Concessions granted by sellers to buyers as an incentive to encourage prompt payment, recorded as a deduction from revenue.

Sales Returns and Allowances

A reduction in sales revenue due to the return of or allowances for unsatisfactory goods.

Revenue Account

An account that tracks the income a company generates from its business activities, excluding expenses.