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Fielding Company manufactures car seats in its Denver plant. Each car seat passes through the assembly department and the testing department. This problem focuses
Fielding Company manufactures car seats in its Denver plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department (Click the icon for Fielding's process-costing system information.) Data for the assembly department for October 2020 are as follows: (Click the icon to view the assembly department data) Read the requirements Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. Equivalent Units Flow of Production. Work in process beginning Started during current period To account for Completed and transferred out during current period Work in process, ending Accounted for Work done to date Physical Direct Conversion Units Materials Costs Fielding Company manufactures car seats in its Denver plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon for Fielding's process-costing system information.) Data for the assembly department for October 2020 are as follows: (Click the icon to view the assembly department data) Read the requirements. wwwww Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. Equivalent Units Flow of Production Work in process beginning Started during current period To account for Completed and transferred out during current period Work in process, ending Accounted for Work done to date Physical Direct Units Materials Conversion Costs ufactures car seats in its Denver plant. Each car seat passes through the nd the testing department. This problem focuses on the assembly Fielding's process-costing system information.) Data for the ass (Click the ic Read the require W inn nt p sfe ndin re help More info The process-costing system at Fielding Company has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly department finishes work on each car seat, it is immediately transferred to testing. Fielding Company uses the weighted-average method of process costing. Print Done - X manufactures car seats in its Denver plant. Each car seat passes through the ent and the testing department. This problem focuses on the assembly n for Fielding's process-costing system information.) Data for the assembl (Click the icon to Read the requirement For Data table Flo ss bed curre nd tran ess, en Work in process, October 1 Started during October 2020 Completed during October 2020 Work in process, October 31b Total costs added during October 2020 Physical Units (Car Seats) Direct Conversion 5,600 Materials $1,590,400 Costs $602,700 24,000 26,500 3,100 $5,040,000 $2,556,120 "Degree of completion: direct materials, ?%; conversion costs, 70%. Degree of completion: direct materials, ?%; conversion costs, 80%. 10 or to date Print Done - X ufactures car seats in its Denver plant. Each car seat passes through the and the testing department. This problem focuses on the assembly Fielding's process-costing system information.) Data for the as (Click the i Read the requ ea Requirements OW ginn ent p ansfe endin 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. 2. What issues should the manager focus on when reviewing the equivalent-unit calculations? 3. For each cost category, summarize total assembly department costs for October 2020 and calculate cost per equivalent unit. 4. Assign costs to units completed and transferred out and to units in ending work in process. e Print Done - - X
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