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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
Emerging Dock Company manufactures boat docks on an assembly line. Its standard costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Finishing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production.

Data for the Assembly Department for May 20X5 are:
   Work in process, beginning inventory:   70 units
   Direct materials (100% complete)
   Conversion costs (25% complete)

   Units started during May   40 units

   Work in process, ending inventory:   10 units
   Direct materials (100% complete)
   Conversion costs (50% complete)

Costs for May:
   Standard costs for Assembly:
   Direct materials   $8,000 per unit
   Conversion costs   $32,000 per unit

   Work in process, beginning inventory:
   Direct materials   $280,000
   Conversion costs   $520,000

What is the balance in ending work-in-process inventory?
A) $164,000
B) $240,000
C) $310,000
D) $340,000
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
Authors:
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cyborgcyborg
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#1
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9 years ago
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jerico Author
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#2
9 years ago
I can confidently say that it looks and sounds right lol Thank you Slight Smile Give this man a thumbs up.
wrote...
#3
9 years ago
Cool! No problem.
ns8
wrote...
#4
3 years ago
Looks great! Thank you!
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