Question

Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,700 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process Units 2,000 9,000 4,700 Percent of Direct Materials Added 65% 100% 90% Percent of Conversion 35% 100% 40% $2,648 (includes $1,407 for direct materials and $1,241 for conversion) Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion $ 25,053 $ 25,959 QS 16-12 Weighted average: Assigning costs to output LO C3 Required: Assign costs to the assembly department's output-specifically, the units transferred out to the painting department and the units that remain in process in the assembly department at month-end. Use the weighted average method. (Do not round intermediate calculations.) CARLBERG COMPANY Weighted average method Costs of units transferred out Direct materials Conversion Total costs transferred out Costs of ending work in process Direct materials Conversion Total costs of ending work in process Total costs assigned

Answer 1

Carlberg Company Requirement 2 Equivalent units of production - Weighted average method Direct Materials Conversion Units Completed and Transferred out 9000 9000 Ending Work in process units Direct Materials ( 4700 x 80%) 3760 Conversion ( 4700 x 30%) 1410 Total 12760 10410 Journal Entry Trans. Particulars 1 Work in Process Inventory - Painting a/c Dr. To Work in Process Inventory - Assembly Debit in $ Credit in $ 42120 42120 Cost per Equivalent unit - Weighted Average Direct Materials Conversion Cost of Beginning Work in Process 1407 1241 Cost incurred this period 25053 25959 Total Costs 26460 27200 Equivalent units of production 12760 10410 Cost per Equivalent units of prodn. 2.07 2.61 Requirement 1 18630 23490 42120 Cost of units transferred Direct Materials Conversion Total Costs transferred Costs of Ending WIP Direct Materials Conversion Total Costs OF Ending WIP Total Costs assigned 7783 3680 11463 53583 Costs of units transferred out: Direct materials ( 9000 EUP X $2.07) Conversion costs (9000 EUP x $2.61) 18630 23490 Cost of Ending WIP: Direct materials ( 3760 EUP X $2.07) Conversion costs (1410 EUP x $2.61) 7783.2 3680.1