Question
Can you please help me solve the COSTS section and provide a step-by-step solution? Thanks! Ashley Electronics makes game consoles in three processes: assembly, programming,
Can you please help me solve the COSTS section and provide a step-by-step solution? Thanks!
Ashley 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.
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 "0" 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.)
1. Prepare a production cost report for the Assembly Department for November. The company uses the weighted-average method. 2. Prepare a T-account for Work-in-Process Inventory-Assembly to show its activity during November, including the November 30 balance. In mid-November, Ashley Electronics started production on 99,000 game consoles. Of this number, 95,000 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 45% of the way through the assembly process. Direct materials costing $301,950 were placed in production in Assembly during November, direct labor of $100,960 was assigned, and manufacturing overhead of $136,200 was allocated to that department
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