Answer the following questions using the information below:
The Townsend 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.Townsend Tractor uses weighted-average costing.
Data for the Assembly Department for April 2018 are:
-What amount of conversion costs are assigned to the ending Work-in-Process account for April?
Definitions:
Currency Exchange
The process of converting one currency into another currency.
Spot Exchange Rate
The current price at which one currency can be exchanged for another for immediate delivery.
Spot Trade
A transaction that involves the immediate exchange of one currency or commodity for another, settling immediately or within a short period.
Direct Exchange Rate
A foreign exchange rate quoted as the home country's currency per unit of the foreign currency.
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