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a . Weighted Average Method, Journal Entries Required: Using the weighted average method, prepare the following for the Molding Department: a . A physical flow
a Weighted Average Method, Journal Entries
Required:
Using the weighted average method, prepare the following for the Molding Department:
a A physical flow schedule
Molding Department, Physical flow schedule:
Units to account for:
Units accounted for:
Units completed and transferred out:
Started and completed
From beginning work in process
Units, ending work in process
Total units accounted for b An equivalent units calculation
c Calculation of unit costs. Round your intermediate computations and final answer to four decimal places.
$ per unit
d Calculate the cost of ending work in process and cost of goods transferred out. Round your answers to the nearest dollar.
Cost of ending work in process:
Cost of goods transferred out: $
e A cost reconciliation. When required, round your answers to the nearest dollar.
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Check My Work
a Work in ProcessMolding
Materials Inventory
b Work in ProcessMolding
Conversion CostsControl
c Repeat Requirements and for the Assembly Department.
a A physical flow schedule:
Assembly Department, Physical flow schedule:
Units to account for:
Units, beginning work in process
Units started in February transferred in
Total units to account for
Units accounted for:
Units completed and transferred out:
Started and completed
From beginning work in process
Units, ending work in process
Total units accounted for
V Check My Work
Read the problem carefully. There are some differences in how the material additions are accounted for.
b An equivalent units calculation
Total Equivalent Units
Direct Materials
Conversion Costs
Transferred In
c Calculate the total unit costs. Round your intermediate computations and final answer to four decimal places.
$
per unit
d Calculate the cost of ending work in process and cost of goods transferred out. Round your answers to the nearest dollar.
Cost of ending work in process:
Cost of goods transf
Please help me with the rest of the blanks. Really appreciated!
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