Question

Sifon Eledtronics manutactures music player ts costing system uses two cost categories, direct materials and conversion costs Each product must pass through the Assembly Deparment, the Programming department, and the Testing Department Direct materals are added at the beginning of the production process. Convenion costs ane alocated evenly throughout production. Shifon Electronics uses weighted-average costing The folowing information is available tor the month of March 2017 tor the Assembly department Work in process, beginning invertory Conversion costs (30% complete) 330 units 880 units 150 units Units started durng March Work in process, ending inventory Convenion costs (5% complete) The cost details tor the month of March are as folows Wark in process, beginning inventory Drecd maeriais $347,000 OA S8343 OB. S43,017 OC .005 D. $130,000

Answer 1

From the above answers option D-$130,050 is correct.

Workings:

Ans:
Particulars	Qty	Value	Cummulative value_A	Cummulative Qty_B	Weighted average costs(A/B)
Beginning inventory	330	347000	347000	330	1051.51515
Inventories intoduced	880	702000	1049000	1210	866.942149
Ending Inventory	150				866.94215
		Closing inventory value=150*866.94
		Closing inventory value= $130050_by rounded of to nearest zero.

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