Question

Spelling Sports uses the weighted-average method of process costing the March 2017 operations of the stitching department: ng. The following is a sumi Home Insert Page Layou Formulas Data Conversion Costs Review View Physical Units Transferred-In Direct Materials Beginning work in process 3 Degree of completion, beginning work in proces 4 Transferred in during March 2017 (basketballs) Costs $ 45,360 100% $17,660 60% 17,500 0% Completed and transferred out during March 2017 6 Ending work in process, March 31 7 Degree of completion, ending work in process 8 Total costs added during March 56,000 52,000 21,500 100% $154,560 0% $28,080 20% $89,310 Summarize total stitching department costs for March 20 (and transferred out) and to units in ending work in process Prepare journal entries for March transfers from the cutting department to the stitching department 1. 17, and assign these costs to units completed 2. and from the stitching department to Finished Goods. method. Refer to the information in Problem 17-43. Suppose that 17- Spelling Sports uses the FIFO method instead of the weighted-average method. Assume that all other infor mation, including the cost of beginning WIP, is unchanged. 1. Using the FIFO process-costing method, complete Problem 17-43 2. If you did Problem 44 Transferred-in costs, FIFO 17-43, explain any difference between the cost of work completed and transferre weighted-averag out and the cost of ending work in process in the stitching department under the method and the FIFO method s of expe 17-45 Standard costing, journal entries. The Warner Company manufactures reproduction unglassos Warner uses the standard-costing method of process costing to account for

!7-44 Transferred in cost, FIFO method. Using the table at the top. Thank you.

Answer 1

Ques 1

Ques 2