ACCOUNTING SOCIETY Manufacturing Process Information Dan started a small manufacturing plant that fabricates small drones. The manufacturing process starts with aluminum pellets being put into a molding machine. After the drone's frame is shaped in the mold the frame is cooled and inspected. If the drone passes inspection, the motor and propellers are added the end and they are transferred to finished goods after inspection. This process is completely automated. Direct material aluminum is added 100% at the beginning of the process; direct material motors and propellers are added 100% as the last step in the process. Conversion costs are added equally throughout the process. Conversion is 55% complete for the beginning inventory work in process and 45% complete for the ending inventory work in process. At the beginning of the accounting period. Dan estimates that 15.200 drones will be produced. Estimated factory overhead is $3.800. This information is to be used to determine the application ra for overhead. Estimated and actual direct labor costs totaled $1,954.55. Actual factory overhead costs totaled $3,900. Selling and Administrative Expenses totaled $100,000 The following information is available concerning the direct materials. Direct Materials-Aluminum Beginning inventory O pellets @ $2.28 a pound Purchase of aluminum 4,000 pounds of pellets @ $2.28 a pound Ending Inventory 200 pounds of pellets @ $2.28 a pound One pound of aluminum makes 4 drones Direct Materials-Propellers (there are four propellers for each drone) Beginning inventory O propellers @ $0.10 a propeller Purchase of propellers 60,800 propellers @ $0.10 a propeller Direct Materials-Motor Beginning inventory motors Purchase of motors O motors @ $1.00 a drone 15,200 motors @ $1.00 a drone The work in process account has the following information Beginning Work in Process contains 0 drones Ending work in process contains 300 drones ACCOUNTING SOCIETY Manufacturing Process Information Dan started a small manufacturing plant that fabricates small drones. The manufacturing process starts with aluminum pellets being put into a molding machine. After the drone's frame is shaped in the mold the frame is cooled and inspected. If the drone passes inspection, the motor and propellers are added the end and they are transferred to finished goods after inspection. This process is completely automated. Direct material aluminum is added 100% at the beginning of the process; direct material motors and propellers are added 100% as the last step in the process. Conversion costs are added equally throughout the process. Conversion is 55% complete for the beginning inventory work in process and 45% complete for the ending inventory work in process. At the beginning of the accounting period. Dan estimates that 15.200 drones will be produced. Estimated factory overhead is $3.800. This information is to be used to determine the application ra for overhead. Estimated and actual direct labor costs totaled $1,954.55. Actual factory overhead costs totaled $3,900. Selling and Administrative Expenses totaled $100,000 The following information is available concerning the direct materials. Direct Materials-Aluminum Beginning inventory O pellets @ $2.28 a pound Purchase of aluminum 4,000 pounds of pellets @ $2.28 a pound Ending Inventory 200 pounds of pellets @ $2.28 a pound One pound of aluminum makes 4 drones Direct Materials-Propellers (there are four propellers for each drone) Beginning inventory O propellers @ $0.10 a propeller Purchase of propellers 60,800 propellers @ $0.10 a propeller Direct Materials-Motor Beginning inventory motors Purchase of motors O motors @ $1.00 a drone 15,200 motors @ $1.00 a drone The work in process account has the following information Beginning Work in Process contains 0 drones Ending work in process contains 300 drones