Answer the Following Questions Using the Information Below

question 26

Multiple Choice

Answer the following questions using the information below:
The Daltry Tractor Company manufactures small garden tractors on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each tractor 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. Daltry Tractor uses weighted-average costing.
Data for the Assembly Department for April 2012 are:
Costs for April 2012:

-What amount of direct materials costs are assigned to the ending Work-in-Process account for April?

• A)$248,387.10
• B)$250,000.00
• C)$143,750.00
• D)$145,312.50

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Definitions:

Overdue Account Receivable

An account receivable that has not been paid by its due date, often resulting in the need for collection efforts.

Note Receivable Dishonored

Occurs when a debtor fails to fulfill the obligations of a promissory note they have issued.

Account Receivable

Account receivable is the money owed to a business by its customers for goods or services delivered but not yet paid for.