Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Beth Electronics makes game consoles in three processes: assembly, programming, and packaging Direct materials are added at the beginning of the assembly process. Conversion costs

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Beth Electronics makes game consoles in three processes: assembly, programming, and packaging Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no Work-in-Process Inventory on October 31. (Click the icon to view additional information.) Read the requirements, Requirement 1. Prepare a production cost report for the Assembly Department for November. The company uses the weighted average method. (Complete all input fields. Enter a "O* for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production) Beth Electronics Production Cost Report-Assembly Dop Month Ended November 30 X More info Equ Physical Units Direct Materia UNITS Units to account for: In mid-November, Beth Electronics started production on 101,000 game consoles. of this number, 76,900 game consoles were assembled during November and transferred out to the Programming Department. The November 30 Work-in-Process Inventory in the Assembly Department was 35% of the way through the assembly process. Direct materials costing $375,720 were placed in production in Assembly during November, direct labor of $157,500 was assigned, and manufacturing overhead of S98,505 was allocated to that department. Total units to account for Units accounted for: Print Done Total units accounted for Direct Materials Conversion Costs Total Costs COSTS Costs to account for: Beth Electronics makes game consoles in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the asserbly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no Work-in-Process Inventory on October 31 (Click the icon to view additional information.) Read the requirements. Requirement 1. Prepare a production cost report for the Assembly Department for November. The company uses the weighted-average method. (Complete all input fields. Enter a "O" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) Beth Electronics Production Cost Report-Assembly Department Month Ended November 30 Requirements Equ Physical Direct UNITS Units Material 1. Prepare a production cost report for the Assembly Department for November. Units to account for The company uses the weighted average method. 2. Prepare a T-account for Work-in-Process InventoryAssembly to show its activity during November, including the November 30 balance. Total units to account for Print Done Units accounted for: Total units accounted for Total Direct Materials Conversion Costs COSTS Costs Costs to account for: Beth Electronics makes game consoles in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no Work-In-Process Inventory on October 31. (Click the icon to view additional information.) Read the requirements Requirement 1. Prepare a production cost report for the Assembly Department for November. The company uses the weighted-average method. (Complete all input fields. Enter a "O" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) Beth Electronics Production Cost Report-Assembly Department Month Ended November 30 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for: Total units to account for Units accounted for Total units accounted for Total Direct Materials Conversion Costs Costs COSTS Costs to account for: 11 Beth Electronics makes game consoles in three processes: assembly. programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no Work-in-Process Inventory on October 31 (Click the icon to view additional information.) Read the requirements Total units accounted for Conversion Total Direct Materials Costs Costs COSTS Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Total costs accounted for Requirement 2. Prepare a T-account for Work-in-Process inventory-Assembly to show ils activity during November, including the November 30 balance. Work-in-Process Inventory-Assembly Bal. Oct. 31

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fair Value Measurement Practical Guidance And Implementation

Authors: Mark L. Zyla

3rd Edition

1119191238, 9781119191230

More Books

Students also viewed these Accounting questions

Question

=+b) Should the company send the fact-finding trip? Explain.

Answered: 1 week ago