Question

5 Part 3 of 4 Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below) Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11.300 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. 2.27 Book Percent of Direct Materiale Asembly Department Beginning work in process Units transferred out ding work in process 3,000 10.000 4,300 Percent of Conversion 300 1000 300 1000 800 52,294 (consists of $1,533 for direct materiale and 8761 for conversion) beginning work in process inventory-bly dept Coate added during the month Direct materials Conversion $11.907 $21.019 이 GS 16-16A FIFO: Assigning costs to output LO C4 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 being in process inventory $ 2294 Direct

Answer 1

CARLBERG COMPANY FIFO Method Cost Assignment: EUP Cost per EUP Total cost $2,294 $1.05 $945 900 2.100 $2.10 $4,410 $5.355 Cost of units transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Cost of units started and completed this period Direct materials Conversion Total Cost started and completed this period Total cost of work finished this period Cost of ending work in process Direct materials Conversion Total Cost of ending work in process Total Costs accounted for 7,000 7,000 $1.05 $2.10 $7,350 $14,700 $22.0501 $29,699 $3.612 3,440 1,290 $1.05 $2.10 $2,709 $6,321 $36,020 Workings: Units reconciliation Units to accounts for Beginning Work in process units started this period Total units to account for Total units accounted for Completed and transferred out Ending Work in process Total units accounted for 3,000 11,300 14.300 10.000 4,300 14.300 30% 900 Equivalent units of production (EUP) - FIFO Method Units Units of beginning work in process 3,000 Units completed and transferred out 7,000 Units of ending work in process 4,300 Total units 14,300 % Materials EUP-Materials % Conversion EUP-Conversion 70% 2.100 100% 7.000 100% 7,000 80% 3.440 30% 1,290 11,340 10,390 Cost per equivalent unit of production Costs incurred this period Total costs / Equivalent units of production Cost per equivalent unit of production costs EUP Materials $11.907 $11,907 costs 11,340 EUP $1.05 Conversion $21,819 $21,819 10,390 $2.10