Question

Required information (The following information applies to the questions displayed below. Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,100 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 3,000 10,000 4,100 Percent of Direct Materials 60% 100% 90% Percent of Conversion 40% 100% 40% $1,823 (consists of $1,511 for direct materials and $312 for conversion) Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion $ 19,024 $ 22,968 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 FIFO method. (Do not round intermediate calculations.) CARLBERG COMPANY FIFO method Costs of units transferred out Cost of beginning work in process inventory Costs to complete beginning work in process Direct materials Conversion Total costs to complete Cost of units started and completed this period Direct materials Conversion Total cost of units started and completed Total costs of units transferred out Cost of ending work in process inventory Direct materials Conversion Total costs of ending work in process Total costs assigned

Answer 1

Equivalent unit of material = (3000*40%+7000+4100*90%) = 11890

Equivalent unit of conversion = (3000*60%+7000+4100*40%) = 10440

Cost per equivalent unit of material = 19024/11890 = 1.6

Cost per equivalent unit of conversion = 22968/10440 = 2.2

Cost of units transferred out
Cost of beginning work in process inventory		1823
Cost of complete beginning work in process
Direct material	1920
Conversion Cost	3960
Total Costs to complete		5880
Cost of units started and completed this period
Direct material	11200
Conversion	15400
Total Costs of units started and completed		26600
Total Costs of units transferred out		34303
Cost of ending Work in process inventory
Direct material	5904
Conversion Cost	3608
Total costs of ending work in process		9512
Total costs assigned		43815