Examlex

Solved

Answer the Following Questions Using the Information Below:
Timekeeper Inc

question 118

Multiple Choice

Answer the following questions using the information below:
Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Timekeeper Inc. uses weighted-average costing.
 Data for the Assembly Depatment for June 2015 are:  Work in process, beginuning inventory 300 units  Direct materials ( 100% complete)   Conversion costs ( 50% complete)   Units started during June 950 units  Work in process, ending inventory: 150 units  Direct materials ( 100% complete)   Conversion costs ( 75% complete)   Costs for June 2015:  Work in process, beginuning inventory:  Direct materials $90,000 Conversion costs $135,000 Direct materials costs added during June $600,000 Conversion costs ad ded during June $400,000\begin{array}{ll}\text { Data for the Assembly Depatment for June } 2015 \text { are: }\\\text { Work in process, beginuning inventory }&300 \text { units }\\\text { Direct materials ( } 100 \% \text { complete) }\\\text { Conversion costs ( } 50 \% \text { complete) }\\\text { Units started during June } & 950 \text { units } \\\text { Work in process, ending inventory: } & 150 \text { units } \\\text { Direct materials ( } 100 \% \text { complete) } & \\\text { Conversion costs ( } 75 \% \text { complete) } &\\\\\text { Costs for June 2015: }\\\text { Work in process, beginuning inventory: }\\\text { Direct materials } & \$ 90,000 \\\text { Conversion costs } & \$ 135,000 \\\text { Direct materials costs added during June } & \$ 600,000 \\\text { Conversion costs ad ded during June } & \$ 400,000\end{array}
-What is the total amount debited to the Work-in-Process account during the month of June?


Definitions:

Barium Enema

A diagnostic imaging test that uses a contrast material called barium to visualize the large intestine for abnormalities.

Barium Sulfate

A compound used in medical imaging to improve the contrast of X-rays and CT scans.

Rectum

The final section of the large intestine, terminating at the anus, where feces are stored before expulsion.

Colon

A part of the large intestine that absorbs water and salts from food remnants, turning them into solid waste for excretion.

Related Questions