Course Home X Overview of PI X image (45).jpg X Do Homework X C Management v X C | Chegg.com X In Course: 2022- X Microsoft Pow X G are direct cost X + C mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=636844321&questionld=1&flushed=true&cld=7012754¢erwin=yes S BUSI 356 Intermediate Management Accounting (Fall 2022) Shylene Kumar 10/10/22 12:56 AM Homework: Assignment #1 Question 6, Problem 18-31 (book/static) HW Score: 56.66%, 31.16 of 55 points Part 1 of 9 O Points: 0 of 10 Save Mcknight 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 Question list K focuses on the assembly department. The process-costing system at Mcknight has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direc materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. Mcknight uses the FIFO method of process costing. Consider the following data for the assembly department in April. Question 1 (Click the icon to view the data.) (Click the icon to view the total costs assigned under the weighted-average method.) Required Question 2 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. Question 3 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 Question 4 Physical Units Direct Conversion (tons Materials Costs Work in process, beginning 60 Question 5 Transferred-in during current period 510 To account for 570 O Question 6 Completed and transferred out during current period: From beginning work in process 60 Question 7 Started and completed Work in process, ending 120 Accounted for Equivalent units of work done in current period Etext pages Clear all Check answerCourse Home X Overview of PI X image (45).jpg X Do Homework X C Management v X C | Chegg.com X In Course: 2022- X Microsoft Pow X G are direct cost X + C mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=636844321&questionld=1&flushed=true&cld=7012754¢erwin=yes S BUSI 356 Intermediate Management Accounting (Fall 2022) Shylene Kumar 10/10/22 12:57 AM Homework: Assignment #1 Question 6, Problem 18-31 (book/static) HW Score: 56.66%, 31.16 of 55 points Part 1 of 9 O Points: 0 of 10 Save Question list K Mcknight 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 Mcknight has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direc materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. Mcknight uses the FIFO method of process costing. Consider the following data for the assembly department in April. Question 1 (Click the icon to view the data.) (Click the icon to view the total costs assigned under the weighted-average method.) Required - X Question 2 Data table Requirement 1. Sumr and to units in ending work in process. Question 3 Direct Conversion Begin by calculating th Physical Units [jate cell.) Frames) Materials Costs Work in process, April 1a 60 $1,530 $156 Question 4 Started during April 510 Completed during April 450 Work in process, April 30b 120 Work in process, begi Total costs added during April $17,850 $11,544 Question 5 Transferred-in during a Degree of completion: direct materials, 100%; conversion costs, 40%. Degree of completion: direct materials, 100%; conversion costs, 15%. To account for O Question 6 Completed and transf From beginning w Print Done Question 7 Started and compl Work in process, endi Accounted for Equivalent units of work done in current period Etext pages Clear all Check