Answer the Following Questions Using the Information Below:
Timekeeper Inc

question 118

Multiple Choice

Answer the following questions using the information below:
Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product 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. Timekeeper Inc. uses weighted-average costing.
$\begin{array}{ll}\text { Data for the Assembly Depatment for June } 2015 \text { are: }\\\text { Work in process, beginuning inventory }&300 \text { units }\\\text { Direct materials ( } 100 \% \text { complete) }\\\text { Conversion costs ( } 50 \% \text { complete) }\\\text { Units started during June } & 950 \text { units } \\\text { Work in process, ending inventory: } & 150 \text { units } \\\text { Direct materials ( } 100 \% \text { complete) } & \\\text { Conversion costs ( } 75 \% \text { complete) } &\\\\\text { Costs for June 2015: }\\\text { Work in process, beginuning inventory: }\\\text { Direct materials } & \$ 90,000 \\\text { Conversion costs } & \$ 135,000 \\\text { Direct materials costs added during June } & \$ 600,000 \\\text { Conversion costs ad ded during June } & \$ 400,000\end{array}$
-What is the total amount debited to the Work-in-Process account during the month of June?

• A) $225,000
• B) $1,000,000
• C) $1,135,000
• D) $1,225,000

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Definitions:

Full-Time Equivalent Employees

A calculation used by organizations to represent the number of full-time workers by considering the hours worked by part-time employees.

FTEs

Full-time equivalents, a unit that indicates the workload of an employed person in a way that makes workloads comparable across various contexts.

Employee Views

The perceptions, thoughts, and feelings of employees regarding their work environment, organizational policies, culture, and management, significantly impacting their engagement and productivity.

HR Department

The division of a business that is charged with finding, screening, recruiting, and training job applicants, as well as managing employee-benefit programs.