A Weighted Average Questions to use information below. Each product must pass through the Assembly...
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Accounting
A Weighted Average Questions to use information below. Each product must pass through the Assembly Department and the Testing Department. The Tock Clock Company manufactures a single type of clock on a highly automated assembly line. Its costing system uses two cost categories, direct materials, and conversion costs. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Tock Clock Company uses weighted average costing. 250 units Data for the Assembly Department for June 2020 are: Work in process, beginning inventory Direct materials (100% complete) Conversion costs (50% complete) 800 units 150 units Units started during June Work in process, ending inventory: Direct materials (100% complete) Conversion costs (75% complete) Costs for June 2020: Work in process, beginning inventory: Direct materials Conversion costs Direct materials costs added during June Conversion costs added during June $90.000 $135.000 $500.000 $500.000 If Tock uses the weighted average method, what was the number of units completed and transferred out during the period June 2020? 1. 1050 units 2. 1012.5 units 3.962 units 4. 900 units
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