Use the Information Below to Answer the Following Question(s)

question 31

Multiple Choice

Use the information below to answer the following question(s) .Craft Concept manufactures small tables in its Processing Department.Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit.Conversion costs are incurred evenly throughout the production cycle.Before inspection, some units are spoiled due to non-detectable materials defects.Inspection occurs at the end of the process.Spoiled units generally constitute 5 percent of the good units.Data for December are as follows:

-What are the amounts of direct materials and conversion costs assigned to ending work-in-process using the weighted-average process costing method?

• A)$18,720; $24,000
• B)$22,900; $19,820
• C)$24,000; $18,720
• D)$28,560; $14,160
• E)$33,650; $14,140

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Definitions:

Unused Quantities

Items or substances not yet utilized or consumed.

Esophageal Stricture

The narrowing of the esophagus, which can cause difficulty in swallowing, often resulting from inflammation or scarring.

Nasogastric Tube

A flexible tube passed through the nose into the stomach, used for feeding or removing stomach contents.

Trade Name

The commercial name given to a drug or product by its manufacturer, used for marketing purposes.