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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.
$6.0174 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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a. Work in Process-Molding |
Materials Inventory
b. Work in Process-Molding
Conversion Costs-Control
c. Repeat Requirements 1 and 2 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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