1 out of 15 pob Parsley Metal Company casts blades for the turbine engine. Within the Casting Department, an alloy is melted in a crucible and then poured into molds to produce the castings. On October 1,800 pounds of the alloy were in process, 40% complete as to conversion. The work-inprocess balance for these 8000 pounds was $350,000, determined as follows; direct materials- $190,000, conversion costs- $160,000. During October, the Casting Department was charged $250,000 for 9,500 pounds of alloy and $165,500 for direct labor. Factory overhead is applied to the department at 150% of direct labor. The department tresiferred 9,150 pounds of finished castings to the Machining Departinent. The October 31 inventory in process was 20% complete as to conversion. Based on the above information, please answer questions a) to f. a) Please prepare the Equivalent Unit Schedule. Parsley Metal Company casts blades for the turbine engine. Within the Casting Department, an alloy is melted in a crucible and then poured into molds to produce the castings. On October 1,800 pounds of the alloy were in process, 40% complete as to conversion. The work-inprocess balance for these 8000 pounds was $350,000, determined as follows: direct materials $190,000, conversion costs- $160,000. During October, the Casting Department was charged $250,000 for 9,500 pounds of alloy and $165,500 for direct labor. Factory overhead is applied to the department at 150% of direct labor. The department trinsferred 9,150 pounds of finished castings to the Machining Department. The October 31 inventory in process was 20% complete as to conversion. Based on the above information, please answer questions a) to f. a) Please prepare the Equivalent Unit Schedule. Please calculate the unit direct material cost for the month. (Please keep two decimal places) Selected Answer: 3.44 Question 14 C) Please calculate the unit conversion cost for the month (keep two decimal places). Selected Answer: 1,40 Question 15 d) Please calculate the completed production costs transferred to the Machining Department (keep two decimal places). Selected Answer: 7,168 Please prepare the journal entry for (d) Question 17 f) Please calculate the cost of the ending balance of the casting department. (keep two decimal places) Selected Answer: 2465792 Parsley Metal Company casts blades for the turbine engine. Within the Casting Department, an alloy is melted in a crucible and then poured into molds to produce the castings. On October 1,800 pounds of the alloy were in process, 40% complete as to conversion. The work-inprocess balance for these 8000 pounds was $350,000, determined as follows: direct materials $190,000, conversion costs- $160,000. During October, the Casting Department was charged $250,000 for 9,500 pounds of alloy and $165,500 for direct labor. Factory overhead is applied to the department at 150% of direct labor. The department trinsferred 9,150 pounds of finished castings to the Machining Department. The October 31 inventory in process was 20% complete as to conversion. Based on the above information, please answer questions a) to f. a) Please prepare the Equivalent Unit Schedule
