Carrie's Limited has two departments, the assembly department and the testing department inits brake-pad manufacturing plant, where each brake-pad is conveyed through eachdepartment.Carrie's process-costing system consist of two cost categories: Single direct cost (directmaterials) and a single indirect-cost category (conversion costs).Direct materials are added at the beginning of the process. Conversion costs are added evenlyduring the process. When the assembly department finishes work on each brake-pad, it isimmediately transferred to testing. Carrie's uses the weighted-average method of processcosting.Data for the assembly department for October 2019 are as follows:Physical Units(Brake Pads)Work in process, October 1*Started during October 2019 21,000Completed during October 2019 23,5006,000Direct Materials$1,200,000Work in process, October 31¹ 3,500Total costs added during October 2019$4,600,000x Degree of completion: direct materials, 100%; conversion costs, 60%.y Degree of completion: direct materials, 100%; conversion costs, 70%.Conversion Costs$ 400,750$2,456,500 Required:1. Compute equivalent units in the assembly department, for each cost category?2. Summarize total assembly department costs for October 2019 for each cost category, andcalculate the cost per equivalent unit?3. Assign total costs to units completed and transferred out and to units in ending work inprocess?4) By reference to the above data:a. What are the similarities between job-order and process costing?b. What are the differences between job-order and process costing?

Name: Carrie's Limited has two departments, the assembly department and the
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Carrie's Limited has two departments, the assembly department and the testing department inits brake-pad manufacturing plant, where each brake-pad is conveyed through eachdepartment.Carrie's process-costing system consist of two cost categories: Sin