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Complete the worksheet (2nd pic) for the third department in yellow called painting (1st pic). Please show how you got your answers. Complete Cost of
Complete the worksheet (2nd pic) for the third department in yellow called painting (1st pic). Please show how you got your answers.
Complete Cost of Production reports for each of the three departments below. Cost and Production Data by Department Department: Cutting Month Ended: May 31, 2019 Units Units 5460 Quantity Data Transferred In: Transferred Out: 4980 hits 100% Percent Stage of Completion of Work-in-process ending: Materials 90% Labor 8096 Overhead Work-in-Process - Framing #10-50 General Ledger Account: Balance Description Debit Credit Debit Credit Beginning Balance Materials 35613 356131 Labor 567251 56725 92338 Overhead 23008 115346 edule Department: Gluing Month Ended: May 31, 2019 Units Quantity Data Transferred In: Transferred Out: 4235 Percent Stage of Completion of Work-in-Process ending: Materials Labor Overhead 90% 80% 60% General Ledger Account: Description Work-in-Process - Framing #10-60 Balance Credit Debit Credit Debit Beginning Balance Materials Labor Overhead 18904 59813 21333 18904 78717 100050 ent Department: Painting Month Ended: May 31, 2019 Units Quantity Data Transferred In: Transferred Out: 3950 Stage of Completion of Work-in-process ending: Percent Materials 100% 85% Labor Overhead 80% General Ledger Account: Work-In-Process - Framing #10-70 Description Balance Credit Debit Debit Credit Beginning Balance 12640 12640 Materials 37290 24650 Labor 9680 46970 Overhead Equivalent Units and Cost of Production Reports Equivalent Productions Computations Department Month Ended: Materials Transferred Out Work-in-Process-ending Equivalent Production Units Labor Transferred Out Work-in-Process ending Equivalent Production Units Overhead Transferred Out Work-in-Process-ending Equivalent Production Units Units Cost of Production Report Department: Month Ended: Quantity Schedule Quantity to be accounted for: Work-in-Process-beginning Transferred in Total to be accounted for: Quantity accounted for: Transferred Out Work-in-Process-ending Total accounted for: Total Cost Units Unit Cost Cost Schedule Costs to be accounted for: Costs in Prior Department Costs in Current Department Materials Labor Overhead Total Costs in the Current Department Total Costs to be accounted for: Costs accounted for: Transferred Out-Calculated Transferred Out-Assigned Rounding Adjustment Work-In-Process-ending Costs in Prior Department Costs in Current Department Materials Labor Overhead Total Work-in-Process-ending Total Costs accounted forStep by Step Solution
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