Morgan Clay Products manufactures clay molded pottery on an assembly line. Its standard costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Molding 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) $61,500
B) $21,850
C) $18,373
D) $19,038

Question

Morgan Clay Products manufactures clay molded pottery on an assembly line. Its standard costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Molding 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) $61,500 
B) $21,850 
C) $18,373 
D) $19,038

Quizplus · Accepted Answer

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Morgan Clay Products Manufactures Clay Molded Pottery on an Assembly