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:

RAM Memory

Random Access Memory, a type of computer memory that can be accessed randomly, used for storing operating data and machine code.

Nonvolatile

Describes a type of memory or storage that retains data even when power is turned off, opposite to volatile memory which loses its content when power is lost.

Electrical Noise

Unwanted disturbances superimposed on a useful electrical signal, often leading to errors in the information being transmitted.

Operating Errors

Operating errors are mistakes or faults that occur during the operation of a system or machine, often leading to incorrect results or malfunction.