advance accounting

Questions Q1: The following data for assembly and testing department for January 2015 as following: Assembly department: Work-in process beginning 60% 2000 units Work-in process beginning 40% for conversion 4000 units Started Units during current period 6000 Goods units completed and transferred out 7000 Work in process ending 75% for conversion cost 3000 Work-in process ending 50% for conversion cost 1000 In this department three kinds from materials are added. Material "A" is added at Beginning of the process. Material "B" is added at ending of the process. Material.C., is added at 50% level of completion. Conversion cost is added evenly during cycle. Inspection accurse at the 70% completion stage normal spoilage units are 5% of the good units passing inspection Cost To be account for: Material A Material Material Conversion $ $ cost Work-in process beginning 60% 20000.00 16000.00 4000.00 33000.00 Work-in process beginning 40% 12000.00 22000.00 6000.00 27000.00 Current Costs 22000.00 34000.00 11000.00 14000.00 Testing Department: Work-in process beginning 65% 4000 unit. Units transferred in? for? $ Work in process ending 75% 2000 unit. Goods units completed and transferred out 8000 units. Materials are added at the ending of the process and conversion cost are added evenly during cycle. Inspection occurs at the ending in the process normal spoilage units are 2% of the good units. Questions Q1:The following data for assembly and testing department for January 2015 as following: Assembly department: Work-in process beginning 60% 2000 units Work in process beginning 40% for conversion 4000 units Started Units during current period 6000 Goods units completed and transferred out 7000 Work-in process ending 75% for conversion cost 3000 Work in process ending 50% for conversion cost 1000 In this department three kinds from materials are added. Material "A" is added at Beginning of the process. Material "B" is added at ending of the process. Material .C, is added at 50% level of completion. Conversion cost is added evenly during cycle. Inspection accurse at the 70% completion stage normal spoilage units are 5% of the good units passing inspection Cost To be account for: Material A Material B Material Conversion $ Work-in process beginning 60% 20000.00 16000.00 4000.00 33000.00 Work in process beginning 40% 12000.00 22000.00 5000.00 27000.00 Current Costs 22000.00 34000.00 11000.00 14000.00 Testing Department: Work in process beginning 65% 4000 unit. Units transferred in? for? Work-in process ending 75% 2000 unit. Goods units completed and transferred out 8000 units. Materials are added at the ending of the process and conversion cost are added evenly during cycle. Inspection occurs at the ending in the process normal spoilage units are 2% of the good units. cost AB Questions 21:The following data for assembly and testing department for January 2015 as following: Assembly department: Work in process beginning 60% 2000 units Work in process beginning 40% for conversion 4000 units Started Units during current period 6000 Goods units completed and transferred out 7000 Work in process ending 75% for conversion cost 3000, Work-in process ending 50% for conversion cost 1000 In this department three kinds from materials are added. - Material "A" is added at Beginning of the process. Material "B" is added at ending of the process. Material ..., is added at 50% level of completion. Conversion cost is added evenly during cycle. Inspection accurse at the 70% completion stage normal spoilage units are 5% of the good units passing inspection Cost To be account for: 507 Material A Material B Material Conversion $ $ cost Work-in process beginning 60% 20000.00 16000.00 4000.00 Work in process beginning 40% 22000.00 27000.00 Current Costs 34000.00 11000.00 14000.00 Testing Department: Work-in process beginning 65% 4000 unit. Units transferred in? for? $ Work-in process ending 75% 2000 unit. Goods units completed and transferred out 8000 units. Materials are added at the ending of the process and conversion cost are added evenly during cycle. Inspection occurs at the ending in the process normal spoilage units are 2% of the good units. Ende $ 33000.00 12000.00 6000.00 22000.00 Cost to be account for: Transferred in Material Conversion costs Work in process Beginning 65% 1000 8000 17000 CURRENT COSTS ? 13500$ 237005 Required: 1- Prepare cost of producing report for assembly and Testing department using: 1. Weighted average method. 2. FIFO. method 3. Journal entries Questions Q1: The following data for assembly and testing department for January 2015 as following: Assembly department: Work-in process beginning 60% 2000 units Work-in process beginning 40% for conversion 4000 units Started Units during current period 6000 Goods units completed and transferred out 7000 Work in process ending 75% for conversion cost 3000 Work-in process ending 50% for conversion cost 1000 In this department three kinds from materials are added. Material "A" is added at Beginning of the process. Material "B" is added at ending of the process. Material.C., is added at 50% level of completion. Conversion cost is added evenly during cycle. Inspection accurse at the 70% completion stage normal spoilage units are 5% of the good units passing inspection Cost To be account for: Material A Material Material Conversion $ $ cost Work-in process beginning 60% 20000.00 16000.00 4000.00 33000.00 Work-in process beginning 40% 12000.00 22000.00 6000.00 27000.00 Current Costs 22000.00 34000.00 11000.00 14000.00 Testing Department: Work-in process beginning 65% 4000 unit. Units transferred in? for? $ Work in process ending 75% 2000 unit. Goods units completed and transferred out 8000 units. Materials are added at the ending of the process and conversion cost are added evenly during cycle. Inspection occurs at the ending in the process normal spoilage units are 2% of the good units. Questions Q1:The following data for assembly and testing department for January 2015 as following: Assembly department: Work-in process beginning 60% 2000 units Work in process beginning 40% for conversion 4000 units Started Units during current period 6000 Goods units completed and transferred out 7000 Work-in process ending 75% for conversion cost 3000 Work in process ending 50% for conversion cost 1000 In this department three kinds from materials are added. Material "A" is added at Beginning of the process. Material "B" is added at ending of the process. Material .C, is added at 50% level of completion. Conversion cost is added evenly during cycle. Inspection accurse at the 70% completion stage normal spoilage units are 5% of the good units passing inspection Cost To be account for: Material A Material B Material Conversion $ Work-in process beginning 60% 20000.00 16000.00 4000.00 33000.00 Work in process beginning 40% 12000.00 22000.00 5000.00 27000.00 Current Costs 22000.00 34000.00 11000.00 14000.00 Testing Department: Work in process beginning 65% 4000 unit. Units transferred in? for? Work-in process ending 75% 2000 unit. Goods units completed and transferred out 8000 units. Materials are added at the ending of the process and conversion cost are added evenly during cycle. Inspection occurs at the ending in the process normal spoilage units are 2% of the good units. cost AB Questions 21:The following data for assembly and testing department for January 2015 as following: Assembly department: Work in process beginning 60% 2000 units Work in process beginning 40% for conversion 4000 units Started Units during current period 6000 Goods units completed and transferred out 7000 Work in process ending 75% for conversion cost 3000, Work-in process ending 50% for conversion cost 1000 In this department three kinds from materials are added. - Material "A" is added at Beginning of the process. Material "B" is added at ending of the process. Material ..., is added at 50% level of completion. Conversion cost is added evenly during cycle. Inspection accurse at the 70% completion stage normal spoilage units are 5% of the good units passing inspection Cost To be account for: 507 Material A Material B Material Conversion $ $ cost Work-in process beginning 60% 20000.00 16000.00 4000.00 Work in process beginning 40% 22000.00 27000.00 Current Costs 34000.00 11000.00 14000.00 Testing Department: Work-in process beginning 65% 4000 unit. Units transferred in? for? $ Work-in process ending 75% 2000 unit. Goods units completed and transferred out 8000 units. Materials are added at the ending of the process and conversion cost are added evenly during cycle. Inspection occurs at the ending in the process normal spoilage units are 2% of the good units. Ende $ 33000.00 12000.00 6000.00 22000.00 Cost to be account for: Transferred in Material Conversion costs Work in process Beginning 65% 1000 8000 17000 CURRENT COSTS ? 13500$ 237005 Required: 1- Prepare cost of producing report for assembly and Testing department using: 1. Weighted average method. 2. FIFO. method 3. Journal entries