Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can you please assist me please Assignment 3 100 Marks Due: 30 March 2020 Questions Plaid Ciad manufactures golfbags in a two-department process: Assembly and
can you please assist me please
Assignment 3 100 Marks Due: 30 March 2020 Questions Plaid Ciad manufactures golfbags in a two-department process: Assembly and Finishing The Assembly Department uses weighted average costing the percentage completion of read in this department is unrelated to direct labour The Finishing Department adds reware to the assembled bags and uses FIFO costing: overhead is applied in this department on a direct labour basis. For June, the following production data and costs were gathered Assembly Department: Units Beginning WIP inventory (100% complete for DM 40% complete for DL 250 and 30% complate for OH) Unts started Ending WIP inventory (100% complete for DM 70% complete for DL and 400 90% complete for OH) Assembly Department: Costs DM DL O H Total Beginning WIP inventory 3 755 890 250 4 695 Current period 100 320 63 60627 681 191 607 Total costs 104 075 84 208 27 931 196 302 8 800 200 Finishing Department: Units Beginning WIP inventory (100% complete for transferred in 15% 100 complete for DM and 40% complete for Conversion) Units transferred in 8 650 Ending WIP inventory (100% complete for transferred in 30% complete for DM and 65% complate for Conversion) Finishing Department: Costs Transferred DM Conversion Total Beginning WIP inventory 2 176 30 95 2 301 Current period 188 570 15 471 21 800 225 641 Total costs 190 746 15 501 21 695 227 942 Required: 51 Prepare a Production Report for the Assembly Department 52 Prepare a Production Report for the Finishing DepartmentStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started