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Highlight Company Manufactures Phones in a Two-Department Process: Assembly and Finishing.Information

Question 110

Multiple Choice

Highlight Company manufactures phones in a two-department process: Assembly and Finishing.Information on the Assembly department follows: Direct materials added
Direct 1abor
$336,000\$ 336,000
460,800
230,200
$1,027,200\$ 1,027,200 There was no beginning inventory, and of the 80,000 units started in production, 67,200 were completed and transferred to the Finishing department, while 12,800 units were still in process.These units had all materials added but were only 75% complete as far as conversion costs.The ending balance in Work-in-Process Inventory, Assembly is _____.


A) $168,960
B) $140,160
C) $887,040
D) $862,848

Correct Answer:

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