Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3 ! Required information [The following information applies to the questions displayed below.) Stem Games manufactures playing cards. It has three departments: Printing, Cutting &
3
! Required information [The following information applies to the questions displayed below.) Stem Games manufactures playing cards. It has three departments: Printing, Cutting & Collating, and Wrapping. Transferred-in costs are considered materials costs. The following information is available for the Wrapping department for the month of October: Physical Units Beginning work in process 287,000 (100% complete for materials, 80% complete for conversion) Decks transferred in 3,300,000 Decks completed and transferred to Finished Goods Inventory 3,270,000 Ending Work in Process ? (100% complete for materials, 45% complete for conversion Costs: Beginning work in process: Direct materials Conversion cost Costs transferred in October costs: Direct materials Conversion costs $ 216,000 $ 22,600 $1,839, 360 $ 25,100 $1,274,207 Required: 1. Reconcile the total cost to Account for the process. 2. Prepare a statement of total cost accounted for the process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Total Cost Reconcile the total cost to account for the process. Direct Cost to Account for: Materials Conversion Prior Period Costs Current Period Costs Total Cost to Account For S OS 0 S Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a statement of total cost accounted for the process. Cost to Account for: Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted for: S 0 es 0 $ 0Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started