Timekeeper Inc

question 35

Multiple Choice

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.
Data for the Assembly Department for June 2017 are:


Costs for June 2017:

What amount of conversion costs is assigned to the ending Work-in-Process account for June? (Round any intermediary calculations to the nearest cent. )

• A)$81,588.24
• B)$46,709.60
• C)$289.71
• D)$404,000.00

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Definitions:

Improved Acceptance

Enhanced approval or agreement with an idea, product, or change by a wider audience.

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Groups of individuals working collaboratively towards a common goal, characterized by clear communication, mutual support, and strong coordination.

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The ability to understand or interpret something in a way that is free from doubt or ambiguity.

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General agreement among all members of a group or team.