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.

What is the total amount debited to the Work-in-Process account during the month of June?
A) $229,500
B) $1,006,000
C) $1,144,000
D) $1,235,500

Question

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.

What is the total amount debited to the Work-in-Process account during the month of June?

What is the total amount debited to the Work-in-Process account during the month of June?
A) $229,500 
B) $1,006,000 
C) $1,144,000 
D) $1,235,500

Quizplus · Accepted Answer

The total amount debited to the Work-in-Process account during the month of June = $602,000 + $404,000 = $1,006,000