EEB (Click the icon to view the Cutting and Sewing data.) Transferred Direct Conversion To In Costs Materials Costs COSTS Costs to account for 700 na Beginning work-in-process n/a n/a n/a n/a 1470 3640 Costs added during the period Total costs to account for Divided by. Total EUP Cost per equivalent unit Choose from any list or enter any number in the input fields and then click Check Answer. 20 partaining Clear All : : F2 8 F3 Requirements kes two types of T-shirts: ba Com tional information.) irt Company compiled the 1. Complete a production cost report for the Cutting Department and the Sewing ing and Sewing data.) data Department. What is the cost of one basic shirt? Determine the total cost and the average cost per shirt for jobs 367, 368, 369, and 370. If the company set the sales price at 150% of the total cost, determine the total sales price of each job. In addition to the custom jobs, the Charleston Shirt Company sold 1,250 basic shirts (assume the beginning balance in Finished Goods Inventory is sufficient to make these sales, and the unit cost of the basic shirts in Finished Goods Inventory is the same as the unit cost incurred this month). If the company set the sales price at 125% of the cost, determine the sales price per unit, total sales revenue, total cost of goods sold, and total gross profit for the basic shirts. 2. Trans 3. Calculate the total revenue, total cost of goods sold, and total gross profit for all sales, basic and custom. Assume the company sold only basic shirts (no custom designs) and incurred fixed costs of $575 per month. a Caleulate the contrihution marain ner unit contribution marain ratio 4. 5. number in the input field Print Done ny makes two types of T-shirts: e additional information.) ton Shirt Company compiled the e Cutting and Sewing data.) Basic shirts are plain shirts without any screen printing on them. Custom shirts are created using the basic shirts and then adding a custom screen printing design. The company buys cloth in various colors and then makes the basic shirts in two Tran departments, Cutting and Sewing. The company uses a process costing system (weighted-average method) to determine the production cost of thetbasic shirts. In the Cutting Department, direct materials (cloth) are added at the beginning of the process and conversion costs are added evenly through the process. In the Sewing Department, no direct materials are added. The only additional material, thread, is considered an indirect material because it cannot be easily traced to the finished product. Conversion costs are added evenly throughout the process in the Sewing Department. The finished basic shirts are sold to retail stores or are sent to the Custom Design Department for custom screen printing. sS period The Custom Design Department creates custom shirts by adding screen printing to the basic shirt. The department creates a design based on the customer's request and then prints the design using up to four colors. Because these shirts have the custom printing added, which is unique for each order, the additional cost incurred is er any number in the input fiel Print Done onal information.) t Company compil g and Sewing data 0 0 shirts Beginning balance Started in March Direct materials added in March Conversion costs Completed and transferred to Sewing Ending balance Cutting 1,300 shirts 1,690 1,950 2 1,300 shirts 0 shirts SewingBeginning balance, transferred in, $700; S 1,000 250 shirts conversion costs, $300 Transferred in from Cutting Conversion costs added in March Completed and transferred to Finished Goods 1,470 ??? 1,250 shirts umber in the inp Print Done