Answer the Following Questions Using the Information Below

question 72

Multiple Choice

Answer the following questions using the information below:
Lehman Pottery Company manufactures clay molded pottery on an assembly line. Its standard costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Finishing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production.
Data for the Assembly Department for August 2008 are:
Costs for August:

-What is the balance in ending work-in-process inventory?

• A)$25,500
• B)$ 38,500
• C)$15,600
• D)$18,900

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Definitions:

Central

Being at or forming the centre, often considered the most important part or aspect.

Primacy

An order of presentation effect in which earlier presented information has a disproportionate influence on social cognition.

Prototypes

Original models or early drafts used to test a concept or process, serving as a benchmark for future designs.

Organisational Psychology

The scientific study of human behavior in organizational settings, focusing on workplace dynamics and improving employee wellbeing.