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Morgan Clay Products Manufactures Clay Molded Pottery on an Assembly

Question 148

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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.
Data for the Assembly Department for August 2017 are:
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. Data for the Assembly Department for August 2017 are: Costs for August: What is the balance in ending work-in-process inventory? A) $61,500 B) $21,850 C) $18,373 D) $19,038
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. Data for the Assembly Department for August 2017 are: Costs for August: What is the balance in ending work-in-process inventory? A) $61,500 B) $21,850 C) $18,373 D) $19,038
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. Data for the Assembly Department for August 2017 are: Costs for August: What is the balance in ending work-in-process inventory? A) $61,500 B) $21,850 C) $18,373 D) $19,038
Costs for August:
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. Data for the Assembly Department for August 2017 are: Costs for August: What is the balance in ending work-in-process inventory? A) $61,500 B) $21,850 C) $18,373 D) $19,038
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. Data for the Assembly Department for August 2017 are: Costs for August: What is the balance in ending work-in-process inventory? A) $61,500 B) $21,850 C) $18,373 D) $19,038
What is the balance in ending work-in-process inventory?


A) $61,500
B) $21,850
C) $18,373
D) $19,038

Correct Answer:

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