Question
Electronics makes game consoles in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are
Electronics makes game consoles in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no Work-in-Process Inventory on October 31.
REQUIREMENTS (values currently posted are correct, cannot figure out the blanks and the T account/table
.
Requirement 1. Prepare a production cost report for the Assembly Department for November.
The company uses the weighted-average method. (Complete all answer boxes. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.)
Dee Electronics | |||||
Production Cost Report-Assembly Department | |||||
Month Ended November 30 | |||||
Equivalent Units | |||||
Physical | Direct | Conversion | |||
UNITS | Units | Materials | Costs | ||
Units to account for: | |||||
Beginning work-in-process | 0 | ||||
Started in production | 100,000 | ||||
Total units to account for | 100,000 | ||||
Units accounted for: | |||||
Completed and transferred out | 90,000 | 90,000 | 90,000 | ||
Ending work-in-process | 10,000 | 10,000 | 3,500 | ||
Total units accounted for | 100,000 | 100,000 | 93,500 |
Direct | Conversion | Total | |
COSTS | Materials | Costs | Costs |
Costs to account for: | |||
Beginning work-in-process | $0 | $0 | $0 |
Costs added during the period | $399,000 | $269,280 | $668,280 |
Total costs to account for | $399,000 | $269,280 | $668,280 |
Divided by: Total EUP | 100,000 | 93,500 | |
Cost per equivalent unit | $3.99 | $2.88 |
Costs accounted for: | |||
Completed and transferred out | $618,300 | ||
Ending work-in-process | |||
Total costs accounted for | $399,000 | $269,280 | $668,280 |
Requirement 2. Prepare a T-account for Work-in-Process Inventory-Assembly to show its activity during April, including the November 30 balance
(THE DATA IS IN THE TEXT AT THE BEGINNING OF THE QUESTION) ALL GIVEN INFORMATION HAS BEEN INCLUDED.
In mid-November, Dee Electronics started production on 100,000 game consoles Of this number, 90,000 game consoles were assembled during November and transferred out to the Programming Department. The November 30 Work-in-Process Inventory in the Assembly Department was 35% of the way through the assembly process. Direct materials costing $399,000 were placed in production in Assembly during November, direct labor of $139,000 was assigned and manufacturing overhead of $130,280 was allocated to that department. Prepare a production cost report for the Assembly Department for November. The company uses the weighted-average method. 2. Prepare a T-account for Work-in-Process Inventory-Assembly to show its activity during November, including the November 30 balance. In mid-November, Dee Electronics started production on 100,000 game consoles Of this number, 90,000 game consoles were assembled during November and transferred out to the Programming Department. The November 30 Work-in-Process Inventory in the Assembly Department was 35% of the way through the assembly process. Direct materials costing $399,000 were placed in production in Assembly during November, direct labor of $139,000 was assigned and manufacturing overhead of $130,280 was allocated to that department. Prepare a production cost report for the Assembly Department for November. The company uses the weighted-average method. 2. Prepare a T-account for Work-in-Process Inventory-Assembly to show its activity during November, including the November 30 balanceStep by Step Solution
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