Colm Max = Untitled X G stock m x in 2022W X Persuas X f (1) Face X in 2022W X Press re X Course | X P Do Hom X C Expert ( X Homew X C A mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=617366856&questionld=2&flushed=true&cld=6819414¢erwin=yes R Update : ACCT3120-1 Winter 2022 Cost Accounting Ravisnee Kokil 03/24/22 5:26 AM Homework: Chapter 18 Question 4, Problem 18-31 (similar to) HW Score: 43.86%, 3.07 of 7 points Part 1 of 9 Points: 0.07 of 1 Save Walton 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 Walton 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. Walton uses the FIFO method of process costing. Consider the following data for the assembly department in April. (Click the icon to view the data.) (Click the icon to view the total costs assigned under the weighted-average method.) Required Requirement 1. Summarize total assembly department costs for April, and assign them to units completed (and transferred out) and to units in ending work in process. Begin by calculating the physical units and equivalent units. (For amounts with a 0 balance, make sure to enter "0" in the appropriate cell.) Equivalent Units - X Physical Units Direct Conversion Data table (tons) Materials Costs Work in process, beginning 120 Physical Units Direct Conversion 485 Transferred-in during current period (Frames) Materials Costs 605 To account for Work in process, April 1a 120 $2, 140 $2,916 Started during April 485 Completed and transferred out during current period: Completed during April 445 From beginning work in process 120 Work in process, April 306 160 Started and completed Total costs added during April $18,430 $9,315 aDegree of completion: direct materials, 100%; conversion costs, 40%. Work in process, ending 160 Degree of completion: direct materials, 100%; conversion costs, 5% Accounted for Equivalent units of work done in current period Print Done Help me solve this Etext pages Get more help - Clear all Check