Account for costs, using FIFO and Weighted Average, for molding and finishing

OVERVIEW: Zielingki Crew manufactures dige-golf diaks. As you know, they are most widely known for their distance drivers - collectively called the Zaney' a. Ranging in weight from 130 to 180 grams, 991 of Zielinski. Crew's sales are Zaney's. All Zaney' B are produced in two departmente - Molding and Pinishing in the ultra-modern certified-eustainable completely vegan zielinaki Crew plant in Glory Meadow, NC. MoLDING: Conversion costs are incurred uniformly throughout the Molding department. plastic is added at the beginning of the process. At 70 s, units are inspected. The discs that pass inspection are Dyed. Then, the discs are cooled and transferred to Finishing. FINISHING: Conversion costs are also incurred uniformly in the Binishing department. Before Finishing begins, at 0%, the Zaney's are inspected to be sure they cooled properly. They are inspected again at 358 . Those that pass inspection at 35 receive that famous numbers indicating the speed, glide, turn, and fade of the disc. At the 908 point, the discs are again inspected, and those that pass inspection are placed in boxes and readied for shipment. SPOILAGE POLICY: zielinski Crew has a strict policy regarding spoilage. Normal spoilage, at each inspection point, is less than or equal to 1 ? transferred out. Any additional spoilage is abnormal. TRANSFER POLICY: Transfers from Molding to Finishing use the weighted average method. SHEETS: Your project should contain four sheets: Inpurs las indicated on the back of this page), CHrRTs (which also includes other worksheet-type calculations), ACCOUNTING, and SUMMARY. REQUIREMENTS: Account for costs, using FIFO and Weighted Average, for both Molding and Finishing. \{Thus, you shall account for costs four times\}. \begin{tabular}{|r|l|r|r|r|l|r|r|} \hline & \multicolumn{1}{|c|}{ A } & \multicolumn{1}{c|}{ B } & C & D & E & \multicolumn{1}{|c|}{F} & \multicolumn{1}{|c|}{G} \\ \hline 1 & Your name & & & & & & \\ \hline 2 & & & & & & & \\ \hline 3 & COSTS & & & & DISCS & Molding & Finishing \\ \hline 4 & Molding & Beg Inv & Current & & Beg Inv & 800 & 2,500 \\ \hline 5 & Conversion & $1,000 & $8,000 & & Started & 25,000 & 22,000 \\ \hline 6 & Plastic & $250 & $1,500 & & In Process & 25,800 & 24,500 \\ \hline 7 & Dye & $0 & $340 & & End Inv & 2,000 & 1,100 \\ \hline 8 & & & & Spoilage A & 1,800 & 100 \\ \hline 9 & & & & & Spoilage B & N/A & 2,600 \\ \hline 10 & & & & Spoilage C & N/A & 700 \\ \hline 11 & Finishing & Beg Inv & Current & & Trans Out & 22,000 & 20,000 \\ \hline 12 & Conversion & $1,800 & $7,700 & & & & \\ \hline 13 & Labels & $130 & $950 & & \multicolumn{2}{|l|}{ CONVERSION \% } & \\ \hline 14 & Boxes & $0 & $480 & & Beg Inv & 50% & 75% \\ \hline 15 & Trans In & $1,200 & ? & & End Inv & 85% & 60% \\ \hline \end{tabular} OVERVIEW: Zielingki Crew manufactures dige-golf diaks. As you know, they are most widely known for their distance drivers - collectively called the Zaney' a. Ranging in weight from 130 to 180 grams, 991 of Zielinski. Crew's sales are Zaney's. All Zaney' B are produced in two departmente - Molding and Pinishing in the ultra-modern certified-eustainable completely vegan zielinaki Crew plant in Glory Meadow, NC. MoLDING: Conversion costs are incurred uniformly throughout the Molding department. plastic is added at the beginning of the process. At 70 s, units are inspected. The discs that pass inspection are Dyed. Then, the discs are cooled and transferred to Finishing. FINISHING: Conversion costs are also incurred uniformly in the Binishing department. Before Finishing begins, at 0%, the Zaney's are inspected to be sure they cooled properly. They are inspected again at 358 . Those that pass inspection at 35 receive that famous numbers indicating the speed, glide, turn, and fade of the disc. At the 908 point, the discs are again inspected, and those that pass inspection are placed in boxes and readied for shipment. SPOILAGE POLICY: zielinski Crew has a strict policy regarding spoilage. Normal spoilage, at each inspection point, is less than or equal to 1 ? transferred out. Any additional spoilage is abnormal. TRANSFER POLICY: Transfers from Molding to Finishing use the weighted average method. SHEETS: Your project should contain four sheets: Inpurs las indicated on the back of this page), CHrRTs (which also includes other worksheet-type calculations), ACCOUNTING, and SUMMARY. REQUIREMENTS: Account for costs, using FIFO and Weighted Average, for both Molding and Finishing. \{Thus, you shall account for costs four times\}. \begin{tabular}{|r|l|r|r|r|l|r|r|} \hline & \multicolumn{1}{|c|}{ A } & \multicolumn{1}{c|}{ B } & C & D & E & \multicolumn{1}{|c|}{F} & \multicolumn{1}{|c|}{G} \\ \hline 1 & Your name & & & & & & \\ \hline 2 & & & & & & & \\ \hline 3 & COSTS & & & & DISCS & Molding & Finishing \\ \hline 4 & Molding & Beg Inv & Current & & Beg Inv & 800 & 2,500 \\ \hline 5 & Conversion & $1,000 & $8,000 & & Started & 25,000 & 22,000 \\ \hline 6 & Plastic & $250 & $1,500 & & In Process & 25,800 & 24,500 \\ \hline 7 & Dye & $0 & $340 & & End Inv & 2,000 & 1,100 \\ \hline 8 & & & & Spoilage A & 1,800 & 100 \\ \hline 9 & & & & & Spoilage B & N/A & 2,600 \\ \hline 10 & & & & Spoilage C & N/A & 700 \\ \hline 11 & Finishing & Beg Inv & Current & & Trans Out & 22,000 & 20,000 \\ \hline 12 & Conversion & $1,800 & $7,700 & & & & \\ \hline 13 & Labels & $130 & $950 & & \multicolumn{2}{|l|}{ CONVERSION \% } & \\ \hline 14 & Boxes & $0 & $480 & & Beg Inv & 50% & 75% \\ \hline 15 & Trans In & $1,200 & ? & & End Inv & 85% & 60% \\ \hline \end{tabular}