What is total amount debited to the work-in-process account

Reference no: EM132811173

Shiffon Electronics manufactures music player. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department, the Programming department, and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Shiffon Electronics uses weighted-average costing.

The following information is available for the month of March 2017 for the Assembly department.

Work in process, beginning inventory330 units

Conversion costs (40% complete)

Units started during March810 units

Work in process, ending inventory:120 units

Conversion costs (60% complete)

The cost details for the month of March are as follows:
Work in process, beginning inventory:

Direct materials $346,500

Conversion costs $363,000

Direct materials costs added during March $707,000

Conversion costs added during March $1,124,000

Problem 1: What is the total amount debited to the Work-in-Process account during the month of March?

Select one:

A. $2,194,000
B. $707,000
C. $1,831,000
D. $2,540,500

Reference no: EM132811173

Questions Cloud

Find what is effect on share premium and retained earnings : What is the effect on share premium and retained earnings, respectively, of the purchase of treasury shares at an amount par value?

Organized system of living and thinking : Vissing (2011) explains culture as "an organized system of living and thinking.

Primary sociological theories : There are three primary sociological theories discussed in Chapter 1 of the text, Sociology: Beyond Common Sense

Prepare the journal entries and shareholders equity section : Prepare the journal entries and the shareholders' equity section of the balance sheet of Saturn Corporation as of December 31, 2014.

What is total amount debited to the work-in-process account : Shiffon Electronics manufactures music player. What is the total amount debited to the Work-in-Process account during the month of March?

Were life experiences generally positive or negative : Were life experiences generally positive or negative? Based on the answers, would you describe this person as generative? Why or why not?

Find what is the present value of the annuity : Find What is the present value of the annuity? You win an annuity due annuity that pays $100 a week for 200 weeks. Current interest rates are 5.4

What can be done to deal with potential problems : Critical Thinking: Healthcare professionals often work rotating shifts. Why is this problematic? What can be done to deal with potential problems?

When is an investment be reported as a cash equivalent : The enveloped is still closed on the cash count date. However, they are included as part of cash accountabilities whether intact or not. Explain.

User Account

All Pages