Q5
The Assembly Department uses a weighted-average process cost
accounting system. The department adds materials at the beginning
of the process and incurs conversion costs uniformly throughout the
process. During July, $190,000 of materials costs and $135,500 in
conversion costs were charged to the department. The beginning work
in process inventory was $93,000 on July 1, comprised of $80,000 of
materials costs and $13,000 of conversion costs.
Other data for the month of July are as follows:
Beginning work
in...