Biology Forums - Study Force

Which of the following journal entries properly records the assignment of conversion costs to work-in-process inventory, and the conversion-cost variances of the Assembly Department assuming that conversion costs are 20% higher than expected?
A)
Work in Process - Assembly    1,680,000
   Conversion-Cost Variances   280,000
   Assembly Department Conversion Cost Control    1,400,000
B)
Work in Process - Assembly   1,680,000
   Direct Materials Variances   280,000
   Testing Department Conversion Cost Control    1,400,000
C)
Work in Process - Assembly   1,400,000
 Conversion-Cost Variances      280,000
   Assembly Department Conversion Cost Control   1,680,000
D)
Work in Process - Testing   1,400,000
   Assembly Department Conversion Cost Control   $1,400,000
E)
Work-in-process - Assembly   1,680,000
   Materials Inventory   1,680,000

Content hidden