![Transferred in DDM CC Physical units 9700 U roes! Losting FI PO [Physical Units] Beg WIP Started Current Period To Account fo](http://img.homeworklib.com/questions/c1118450-6e42-11ea-bcc8-8910cecb202e.png?x-oss-process=image/resize,w_560)
need help filling out this attached table!Homework Answers
| Production report for the Finishing Department: | ||||||
| Phy. units | Trasferred in | D Mat. Cost | Conver cost | Total | ||
| beg WIP | 9700 | |||||
| Units started | 78400 | |||||
| Units to account for | 88100 | |||||
| beg WIP (B) | 9700 | 0 | 0 | 3880 | 9700*0.40 | |
| Started & Completed ('C) | 63200 | 63200 | 63200 | 63200 | ||
| Transferred out to FG | 72900 | |||||
| end WIP (D) | 15200 | 15200 | 15200 | 3800 | 15200*0.25 | |
| Equivalent units | 78400 | 78400 | 70880 | |||
| Cost incurred: | 4076800 | 65860 (20%) | 478440 | |||
| Cost per eq. unit (A) | 52 | 0.84 | 6.75 | |||
| Cost of Transf. to FG: | ||||||
| beg WIP | 504400 | 18400 | 35900 | 558700 | ||
| added :during Feb (A*B) | 26190 | 26190 | ||||
| Total cost of beg WIP | 584890 | |||||
| Cost of Started & Comp.(A*C) | 3286400 | 53088 | 426600 | 3766088 | ||
| Add: D. Mat. At end(80%) | 263440 | |||||
| Total cost of Transf. to FG | 4614418 | |||||
| Cost of end WIP (A*D) | 790400 | 12768 | 25650 | 828818 | ||
| Journal Entries: | ||||||
| Accounts Title | Debit $ | Credit $ | ||||
| WIP - Finishing Deptt | 4884540 | |||||
| WIP - Assembly Deptt | 4076800 | |||||
| Material | 329300 | |||||
| Conversion cost | 478440 | |||||
| (being semi-finished received from assembly & material & conversion costs added) | ||||||
| Finished Goods | 4614418 | |||||
| WIP - Finishing Deptt | 4614418 | |||||
| (being finished goods transferred out ) | ||||||
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need help filling out this attached table!
1. Process Costing FIFO (20 Points) Comfort chair company...
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of...
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,700 chairs. During the month, the firm completed 78,500 chairs, and transferred them to the Finishing Department. The firm ended the month with 11,200 chairs in ending inventory. There were 16,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing...
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of...
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,700 chairs. During the month, the firm completed 78,500 chairs, and transferred them to the Finishing Department. The firm ended the month with 11,200 chairs in ending inventory. There were 16,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing...
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of...
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,700 chairs. During the month, the firm completed 78,500 chairs, and transferred them to the Finishing Department. The firm ended the month with 11,200 chairs in ending inventory. There were 16,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The Weighted-average method of process costing...
what were the equivelent units for conversion costs during feb Comfort chair company manufacturers a standard...
what were the equivelent units for conversion costs during
feb
Comfort chair company manufacturers a standard recliner During February, the firm's Assembly Department started production of 73 900 chairs. During the month the firm completed 78 200 chairs, and transferred them to the finishing Department. The firmended the month with 11400 chairs in ending inventory. There were 15,700 chairs in beginning inventory Al direct materials costs are added at the beginning of the production cycle and conversion costs are added...
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of...
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,700 chairs. During the month, the firm completed 78,500 chairs, and transferred them to the Finishing Department. The firm ended the month with 11,200 chairs in ending inventory. There were 16,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing...
Reutter, Inc. makes a single product and uses the FIFO method of process costing. The company’s...
Reutter, Inc. makes a single product and uses the FIFO method of
process costing. The company’s product goes through two processing
departments – Etching and Wiring – which completes the process.
This problem focuses on the Writing department which received the
‘etched’ products and then completes them by adding appropriate
writing. In Wiring, the direct materials are placed into production
when the process is 35% complete. Conversion costs are incurred
evenly throughout the process. The relevant information for April
is...
FIFO Question: The Rest-a-Lot chair company manufacturers a standard recliner. During February, the firm's Assembly Department...
FIFO Question: The Rest-a-Lot chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 75,000 chairs. During the month, the firm completed 80,000 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,000 chairs in ending inventory. There were 15,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method...
FIFO Question: The Rest-a-Lot chair company manufacturers a standard recliner. During February, the firm's Assembly Department...
FIFO Question: The Rest-a-Lot chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 75,000 chairs. During the month, the firm completed 80,000 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,000 chairs in ending inventory. There were 15,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method...
Reutter, Inc. makes a single product and uses the FIFO method of process costing. The company’s...
Reutter, Inc. makes a single product and uses the FIFO method of process costing. The company’s product goes through two processing departments – Etching and Wiring – which completes the process. This problem focuses on the Writing department which received the ‘etched’ products and then completes them by adding appropriate writing. In Wiring, the direct materials are placed into production when the process is 35% complete. Conversion costs are incurred evenly throughout the process. The relevant information for April is...
FIFO Question: The Rest-a-Lot chair company manufacturers a standard recliner. During February, the firm's Assembly Department...
FIFO Question: The Rest-a-Lot chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 75,000 chairs. During the month, the firm completed 80,000 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,000 chairs in ending inventory. There were 15,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method...
what were the equivelent units for conversion costs during
feb
Comfort chair company manufacturers a standard recliner During February, the firm's Assembly Department started production of 73 900 chairs. During the month the firm completed 78 200 chairs, and transferred them to the finishing Department. The firmended the month with 11400 chairs in ending inventory. There were 15,700 chairs in beginning inventory Al direct materials costs are added at the beginning of the production cycle and conversion costs are added...
Reutter, Inc. makes a single product and uses the FIFO method of
process costing. The company’s product goes through two processing
departments – Etching and Wiring – which completes the process.
This problem focuses on the Writing department which received the
‘etched’ products and then completes them by adding appropriate
writing. In Wiring, the direct materials are placed into production
when the process is 35% complete. Conversion costs are incurred
evenly throughout the process. The relevant information for April
is...
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