arted this period 12,000 Units completed and transferred out 10,000 Ending work in process inventory 5,000 85% 35% Cost of beginning work in process Direct materials $ 1,455 Conversion
arted this period 12,000 Units completed and transferred out 10,000 Ending work in process inventory 5,000 85% 35% Cost of beginning work in process Direct materials $ 1,455 Conversion
Survey of Accounting (Accounting I)
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ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter10: Accounting Systems For Manufacturing Operations
Section: Chapter Questions
Problem 10.4.2P: Analyzing manufacturing cost accounts Summer Boards Company manufactures surf boards in a wide...
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Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,000 units during November. The following production activity in both units and costs refers to the Assembly department’s November activities.
Assembly Department | Units | Percent Complete for Direct Materials | Percent Complete for Conversion |
---|---|---|---|
Beginning work in process inventory | 3,000 | 60% | 40% |
Units started this period | 12,000 | ||
Units completed and transferred out | 10,000 | ||
Ending work in process inventory | 5,000 | 85% | 35% |
Cost of beginning work in process | ||
---|---|---|
Direct materials | $ 1,455 | |
Conversion | 1,105 | $ 2,560 |
Costs added this month | ||
Direct materials | 19,920 | |
Conversion | 20,045 | 39,965 |
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.)
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