cma section c test 1
SIR.ARMAGHAN@GMAIL.COM EDUCATION4ALL-ARMAN.BLOGSPOT.COM CMA Part – 1 Section C (Questions Set 1) Question 1 of 40 (1C1-LS06) A manufacturing company has begun work on a batch of units at the beginning of the current period with no work in process at that point. The manufacturing process adds direct materials at the beginning of the process and adds direct labor and factory overhead evenly throughout the process. If the units are considered to be 60% complete in conversion costs at the end of the period, in which of the following accounts are the costs held? A. 60% of conversion costs are in work-in-process inventory and direct materials costs are in finished goods inventory. B. 60% of conversion costs are in factory overhead and direct materials costs are in finished goods inventory. ...