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Danverse Manufacturing has three processing departments: Cutting Department, Assembly Department, and Packaging Department. The following information is for the Assembly Department, the second process. Actual
Danverse Manufacturing has three processing departments: Cutting Department, Assembly Department, and Packaging Department. The following information is for the Assembly Department, the second process. Actual units Beginning work in process Units started during March 2200 Units completed in March 2000 Ending work in process units 270 The percentage complete for the cost pools for work in process units are below. Beginning WIP Ending WIP Transferred in costs 100 percent 100 percent Materials costs 90percent 80percent Conversion costs 60percent 40percent Costs data is below and formatted such that you don't have to "summarize it. Tran. In D. Mat. D. Labor Totals Beginning WIP cost $4,000 $5,000 $3,000 $12,000 Current costs $48.000 $60,000 $50,000 $158.000 Total costs $52,000 $65,000 $53,000 $170,000 Requirements: 1 Complete the process costing report using weighted average. 2Complete the process costing report using FIFO. 3Prepare the March entries using FIFO
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