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.

What is the balance in ending work-in-process inventory?
A) $514,855
B) $774,800
C) $288,490
D) $175,960

Question

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.

What is the balance in ending work-in-process inventory?

What is the balance in ending work-in-process inventory?
A) $514,855 
B) $774,800 
C) $288,490 
D) $175,960

Quizplus · Accepted Answer

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Emerging Dock Company Manufactures Boat Docks on an Assembly Line