Ashworth Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at Ashworth has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs), Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. Ashworth uses the FIFO method of process costing. Consider the following data for the assembly department in April 2020: (Click the icon to view the data.) (Click the icon to view the total costs assigned under the weighted average method) Read the requirements Direct Conversion 75 Requirement 1. Summarize total assembly department costs for April 2020, and assign them to units completed (and transferred out) and to units in ending work in process inventory. Begin by calculating the physical units and equivalent units. (For amounts with a 0 balance, make sure to enter "o" in the appropriate cell.) Equivalent Units Physical Units (tons) Materials Costs Work in process, beginning Transferred-in during current period 550 To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for Equivalent units of work done in current period Now summarize total costs to account for. 75 125 Total Direct Conversion Production Costs Materials Costs - sa sin the as worth e icon Data table syster terials partme | 2020 hod.) quireme Conversion at 1. Sy ding w Costs $135 rred ou Physical Units Direct (Frames) Materials Beginning work in process, (April 1) 75 $1,775 Started during April 2020 550 Completed during April 2020 500 125 Ending work in process, (April 30) Total costs added during April 2020 $17,600 Degree of completion direct materials, 100%; conversion costs, 40% Degree of completion: direct materials, 100%; conversion costs, 20%. culating fopriate $10,890 cess, -in dud Reference Total Direct Conversion for and tr eginnid and ca Production Costs Materials Costs Completed and transferred out $ 26,000 $ 4,400 15,500 $ 3,875 10,500 525 cess, Work in process, ending $ 30,400 $ 19,375 $ 11,025 for Total costs accounted for units a Ashworth Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the Total Conversion Direct Materials Production Costs Costs Total costs to account for Next calculate cost per equivalent unit for direct materials and conversion costs Direct Conversion Materials Costs Divide by Cost per equivalent unit Assign total costs to units completed (and transferred out) and to units in ending work in process inventory. Begin by calculating the total from beginning inventory, then calculate the total costs accounted for. (For amounts with a 0 balance, make sure to enter *o* in the appropriate cell.) Total Direct Conversion Production Costs Materials Costs Completed and transferred out Total from beginning inventory an Total costs of units completed and transferred out Total costs accounted for
