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Chrome Accessories manufactures chrome bumpers for classic cars rwo-stage process that includes molding and plating. The direct materia (chrome) are added at the end of
Chrome Accessories manufactures chrome bumpers for classic cars rwo-stage process that includes molding and plating. The direct materia (chrome) are added at the end of the plating process. Conversion costs are incurred evenly throughout the process. Chrome Accessories uses weighted-average process costing. At March 31, 2009, before recording the transfer of cost to Finished Goods Inventory, Chrome Accessories records included the following data for the Plating Department: Units: 600 bumpers Beginning work in process Transfereed in from the Molding Department during 3,000 bumpen 2,200 bump March Compleed during March Ending work in process (50% complete as to conversion rork) 1400 bumpers Costs Beginning work in process (transferred-in cost, 518,000; Transferred in from the Molding Department during Marerials cost added during March conversion costs, $12,480) 530 480 36,000 24 200 March Conversion costs-added during March (manufacturing 60:020 wages, S2 1,732; manufacturing overhead, s 38,288) Requirements 1. Draw a time line for the Plating Department. (pp. 1009-1011) 2. Use the time line to help you compute the equivalent units, cost per equivalent unit, and total costs to account for in the Plating Department for March. (pp. 1012-1015) Department. (pp. 1015-1016) including the entries that have already been posted. (pp. 1013-1015) 3. Prepare the March production cost report for the Plating 4. Journalize all transactions affecting the Plating Deparument during March
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