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 10,700 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 3,000 10,eee 3,700 Percent of Direct Materials Added 70% 100% 90% Percent of Conversion 30% 100% 30% $1,756 (includes $977 for direct materials and $779 for conversion) Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion $ 12,353 $ 21,441

Answer 1

B Prepare journal entries as follows: A 1 Transaction General Journal 2 1 Work in process inventory- Painting Work in process inventory- Assembly Calculations: C Debit $30,000 D Credit $30,000 E F G в D C Company Process Cost Report For the Month of November Equivalent Units of Production (EUP) - Weighted Average Method 2 % Units 4 5 6 EUP- Conver sion 10,000 1.110 11.110 Units completed during the period Ending work in process Equivalent Units of Production % Materials 100% 90% 10,000 3.700 13.700 EUP Materials Conversion 10,000 100% 30% 13.330 3.330 8 9 10 11 12 Cost per Equivalent unit of Production Cost of beginning inventory Cost incurred during the period Total costs + Equivalent units of production Cost per equivalent unit of production (Rounded to 4 decimals) Materials $977 $12.353 $13,330 13.330 Conversion $779 $21.441 $22,220 11.110 Costs EUP Costs EUP $1.0000 $2.0000 13 14 EUP 15 16 Cost of units transferred out Direct materials Conversion Total costs transferred out 10,000 10,000 Cost per EUP $1.00 $2.00 Total cost $10,000 $20,000 $30,000 18 EUP 19 Cost of ending work in process 20 Direct materials Conversion 22 Total cost of ending work in process 23 Total costs accounted for 3,330 1,110 Cost per EUP | Total cost $1.00 $3,330 $2.00 $2.220 $5,550 21 $35,550