Use the information below to answer the following question(s).
Father Time Clock Shop manufactures clocks on an automated assembly line. It utilizes 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 production, while conversion costs are allocated evenly throughout production, and the company uses weighted-average costing.
Data for the Assembly Department are:

-What amount of conversion costs are assigned to ending work-in-process for June at Father Time Clock Shop?
A) $160,986.38
B) $137,993.63
C) $141,111.00
D) $188,148.00
E) $111,110.63

Question

Use the information below to answer the following question(s).
Father Time Clock Shop manufactures clocks on an automated assembly line. It utilizes 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 production, while conversion costs are allocated evenly throughout production, and the company uses weighted-average costing.
Data for the Assembly Department are:
 
-What amount of conversion costs are assigned to ending work-in-process for June at Father Time Clock Shop?
A) $160,986.38 
B) $137,993.63 
C) $141,111.00 
D) $188,148.00 
E) $111,110.63

Quizplus · Accepted Answer

(150 units × 75%) × $1,254.32 = $141,111

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