SOCSCI 2J03 Study Guide - Final Guide: Weighted Arithmetic Mean, European Route E20

• School: McMaster University
• Department: Social Sciences
• Course: SOCSCI 2J03
• Professor: Rizwan Tahir

Document Summary

Use the following information to answer the next 5 questions) Father time clock shop uses weighted-average process costing. It utilizes two cost categories: direct materials and conversion costs. Each product must pass through the assembly department and the. The following data are related to the assembly department for the month of june: What amount of conversion costs are assigned to ending work-in-process for june: ,986. 38, ,993. 63, ,111. 00, ,148. 00, ,110. 63. Use the following information to answer the next 3 questions) Carnival furniture had 60,000 foam cushions in process at may 1 (70% converted) and 40,000 cushions in process at may 31 (50% converted). The company maintains large work in process inventories. Which of the following is correct about the company"s cost of goods completed and transferred out (c&t) and cost of ending. Assume there have been no changes in input costs for material, labour or overhead items over the past 2 years.