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Answer the Following Questions Using the Information Below

Question 23

Multiple Choice

Answer the following questions using the information below:
Craft Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to nondetectible materials defects. Inspection occurs when units are 50% converted. Spoiled units generally constitute 5% of the good units. Data for December 2012 are as follows:
Answer the following questions using the information below: Craft Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to nondetectible materials defects. Inspection occurs when units are 50% converted. Spoiled units generally constitute 5% of the good units. Data for December 2012 are as follows: Costs for December: -What are the amounts of direct materials and conversion costs assigned to ending work in process using the weighted-average process-costing method? A) $37,440; $48,000 B) $45,800; $39,640 C) $48,000; $37,440 D) $57,120; $28,320 Costs for December:
Answer the following questions using the information below: Craft Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to nondetectible materials defects. Inspection occurs when units are 50% converted. Spoiled units generally constitute 5% of the good units. Data for December 2012 are as follows: Costs for December: -What are the amounts of direct materials and conversion costs assigned to ending work in process using the weighted-average process-costing method? A) $37,440; $48,000 B) $45,800; $39,640 C) $48,000; $37,440 D) $57,120; $28,320
-What are the amounts of direct materials and conversion costs assigned to ending work in process using the weighted-average process-costing method?


A) $37,440; $48,000
B) $45,800; $39,640
C) $48,000; $37,440
D) $57,120; $28,320

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