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.
$\begin{array}{ll}\text { Data for the Assembly Depatment for June } 2015 \text { are: }\\\text { Work in process, beginuning inventory }&300 \text { units }\\\text { Direct materials ( } 100 \% \text { complete) }\\\text { Conversion costs ( } 50 \% \text { complete) }\\\text { Units started during June } & 950 \text { units } \\\text { Work in process, ending inventory: } & 150 \text { units } \\\text { Direct materials ( } 100 \% \text { complete) } & \\\text { Conversion costs ( } 75 \% \text { complete) } &\\\\\text { Costs for June 2015: }\\\text { Work in process, beginuning inventory: }\\\text { Direct materials } & \$ 90,000 \\\text { Conversion costs } & \$ 135,000 \\\text { Direct materials costs added during June } & \$ 600,000 \\\text { Conversion costs ad ded during June } & \$ 400,000\end{array}$
-What is the total amount debited to the Work-in-Process account during the month of June?

• A) $225,000
• B) $1,000,000
• C) $1,135,000
• D) $1,225,000

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Definitions:

Analytical Reports

Documents that provide detailed analyses and interpretations of data or situations to support informed decisions and strategies.

Grouping Similar Tasks

The practice of organizing tasks that are alike into groups to enhance focus and efficiency in completing them.

Clustering

A method of organizing information into related groups to improve understanding, memory, or analysis, commonly used in data analysis and research.

Multitasking

The practice of handling more than one task simultaneously, often believed to increase productivity, but can also lead to decreased effectiveness in task completion.