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Fast Compony produces its product through two processing departments: Cutting and Assembly. Information for the Cutting deportment followa. table [ [ , Units,Dlirect,Conversion ]
Fast Compony produces its product through two processing departments: Cutting and Assembly. Information for the Cutting deportment followa. tableUnits,Dlirect,ConversiontablePercontCompletetableParcantCompleteBoginning wark in process inventory,Units startod this perliod,Units completed and transferred out,Ending work in process Imentory,BegBoginning work in process inventoryDirect eaterials,$ComersionCosts added this perlodDirect materials,ComversionTotal costs to account for,,$ Required: Prepore the Curting deportment's production coat report for October using the weighted aversge method. Prepore the October joumal entry to transfer the cost of completed units from cutting to Assembly. Complete this question by entering your answers in the tabs below. Prepare the Curting department's productian cost report for October uaing the weighted average method. Note: Round "Cost per EUP" to dedmal places. tableFA &T COMPANYCutting DapartmantProduotion Coct RaportWalghtsd Average MethodFor Month Ended Ootober Unit resonolliation:Unitc to sooount for:Units to aooount forTotal unitc absounted for:Total units sooountad forEqulvalent units of produation EUPDirsot Matariale,ConvartionUnitc, Complets,EUP, Complets,EUPEquivalent Units af ProductionCoct par aqulvalant unit of produstion,,,Dirsot Matarialc,,ConvertionETotal cositaCocts,,Costs, Equivalent units of production,,EUP,,EuP,Coest per equivalent unit of production,aCoct AccignmantComplatod and transformad out,EUP,Coct par EUP,Total ooct,Dirsct matorialaConvarsionEnding wark in processDirsct matariala,,ConversionTotal cosits acocuntad for,,,,,
Fast Compony produces its product through two processing departments: Cutting and Assembly. Information for the Cutting deportment followa.
tableUnits,Dlirect,ConversiontablePercontCompletetableParcantCompleteBoginning wark in process inventory,Units startod this perliod,Units completed and transferred out,Ending work in process Imentory,BegBoginning work in process inventoryDirect eaterials,$ComersionCosts added this perlodDirect materials,ComversionTotal costs to account for,,$
Required:
Prepore the Curting deportment's production coat report for October using the weighted aversge method.
Prepore the October joumal entry to transfer the cost of completed units from cutting to Assembly.
Complete this question by entering your answers in the tabs below.
Prepare the Curting department's productian cost report for October uaing the weighted average method.
Note: Round "Cost per EUP" to dedmal places.
tableFA &T COMPANYCutting DapartmantProduotion Coct RaportWalghtsd Average MethodFor Month Ended Ootober Unit resonolliation:Unitc to sooount for:Units to aooount forTotal unitc absounted for:Total units sooountad forEqulvalent units of produation EUPDirsot Matariale,ConvartionUnitc, Complets,EUP, Complets,EUPEquivalent Units af ProductionCoct par aqulvalant unit of produstion,,,Dirsot Matarialc,,ConvertionETotal cositaCocts,,Costs, Equivalent units of production,,EUP,,EuP,Coest per equivalent unit of production,aCoct AccignmantComplatod and transformad out,EUP,Coct par EUP,Total ooct,Dirsct matorialaConvarsionEnding wark in processDirsct matariala,,ConversionTotal cosits acocuntad for,,,,,
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