Answer the Following Questions Using the Information Below

question 102

Multiple Choice

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.

-Weighty Steel processes a single type of steel.For the current period the following information is given:

All materials are added at the beginning of the production process.The beginning inventory was 40% complete as to conversion,while the ending inventory was 30% completed for conversion purposes.
Weighty uses the weighted-average costing method.
What is the total cost assigned to the units completed and transferred this period?

• A)$107,010
• B)$109,440
• C)$113,160
• D)$120,100

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Definitions:

Symbol

A mark or character used as a conventional representation of an object, function, or process.

Trailing Zeroes

Numbers at the end of a decimal number to the right of the last non-zero digit, often significant in precision measurements.

Multiplier

A factor by which another number is multiplied, often used in dosing calculations to adjust for patient weight or surface area.

Product

The result of multiplying two or more numbers or factors together.