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Two department costing for Always Christmas Always Christmas makes artincial Christmas trees in two departments: Cutting and Boxing. In the Cutting Department, wire wrapped with green "needles" is placed into production at the beginning of the process and is cut to various lengths. The "branches" are then transferred to the Boxing Department, where the lengths are separated into the necessary groups to make a tree. The limbs" are then placed in boxes and immediatelv sent to Finished Goods. The following data are available related to the October production in each of the two departments: Perçent of Completion Material Units Transferred Conversion In Cutting Department Beginning WIP Inventory Started in process 8,000 N/A 100 40 36,000 Ending inventory Boxing Department Beginning WIP Inventory 3,600 N/A 100 70 2,500 100 65 Transferred in ? Ending inventory 1,200 100 70 Costs Transferred Material Conversion in Cutting Department Beginning WIP Inventory N/A $293,000 $80,000 Current Period N/A $1,379,000 $1,293,440 Cutting Department Beginning WIP Inventory $166,420 $0 $6,993 Current Period ? $383,640 $246,120

Two department costing for Always Christmas Always Christmas makes artincial Christmas trees in two departments: Cutting and Boxing. In the Cutting Department, wire wrapped with green "needles" is placed into production at the beginning of the process and is cut to various lengths. The "branches" are then transferred to the Boxing Department, where the lengths are separated into the necessary groups to make a tree. The limbs" are then placed in boxes and immediatelv sent to Finished Goods. The following data are available related to the October production in each of the two departments: Perçent of Completion Material Units Transferred Conversion In Cutting Department Beginning WIP Inventory Started in process 8,000 N/A 100 40 36,000 Ending inventory Boxing Department Beginning WIP Inventory 3,600 N/A 100 70 2,500 100 65 Transferred in ? Ending inventory 1,200 100 70 Costs Transferred Material Conversion in Cutting Department Beginning WIP Inventory N/A $293,000 $80,000 Current Period N/A $1,379,000 $1,293,440 Cutting Department Beginning WIP Inventory $166,420 $0 $6,993 Current Period ? $383,640 $246,120

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter4: Activity-based Costing
Section: Chapter Questions
Problem 5E: Handy Leather, Inc., produces three sizes of sports gloves: small, medium, and large. A glove...
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Instructions: Using formulas/functions wherever possible, complete the following on the Input Tab.

1.  Prepare a cost of production report for the Cutting Department assuming a FIFO method.

2.  Using the data developed from (1), prepare a cost of production report for the Boxing Department assuming a FIFO method.

Two department costing for Always Christmas Always Christmas makes artincial Christmas trees in two departments: Cutting and Boxing. In the Cutting Department, wire wrapped with green "needles" is placed into production at the beginning of the process and is cut to various lengths. The "branches" are then transferred to the Boxing Department, where the lengths are separated into the necessary groups to make a tree. The limbs" are then placed in boxes and immediatelv sent to Finished Goods. The following data are available related to the October production in each of the two departments: Perçent of Completion Material Units Transferred Conversion In Cutting Department Beginning WIP Inventory Started in process 8,000 N/A 100 40 36,000 Ending inventory Boxing Department Beginning WIP Inventory 3,600 N/A 100 70 2,500 100 65 Transferred in ? Ending inventory 1,200 100 70 Costs Transferred Material Conversion in Cutting Department Beginning WIP Inventory N/A $293,000 $80,000 Current Period N/A $1,379,000 $1,293,440 Cutting Department Beginning WIP Inventory $166,420 $0 $6,993 Current Period ? $383,640 $246,120
Transcribed Image Text:Two department costing for Always Christmas Always Christmas makes artincial Christmas trees in two departments: Cutting and Boxing. In the Cutting Department, wire wrapped with green "needles" is placed into production at the beginning of the process and is cut to various lengths. The "branches" are then transferred to the Boxing Department, where the lengths are separated into the necessary groups to make a tree. The limbs" are then placed in boxes and immediatelv sent to Finished Goods. The following data are available related to the October production in each of the two departments: Perçent of Completion Material Units Transferred Conversion In Cutting Department Beginning WIP Inventory Started in process 8,000 N/A 100 40 36,000 Ending inventory Boxing Department Beginning WIP Inventory 3,600 N/A 100 70 2,500 100 65 Transferred in ? Ending inventory 1,200 100 70 Costs Transferred Material Conversion in Cutting Department Beginning WIP Inventory N/A $293,000 $80,000 Current Period N/A $1,379,000 $1,293,440 Cutting Department Beginning WIP Inventory $166,420 $0 $6,993 Current Period ? $383,640 $246,120
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