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Which of the following journal entries properly records the assignment of conversion costs to ...

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Which of the following journal entries properly records the assignment of conversion costs to ...

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

Textbook

Cost Accounting: A Managerial Emphasis, Canadian Edition

Edition: 7^th

Authors: Horngren, Datar, Rajan, Beaubien

Read 114 times

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Helped a lot

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this is exactly what I needed

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