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 testing department. Direct materials are added when the testing department process is 90% complete. Conversion costs are added evenly during the testing department's process. As work in assembly is completed, each unit is immediately transferred to testing. As each unit is completed in testing, it is immediately transferred to Finished Goods. Fielding Company uses the weighted-average method of process costing. Data for the testing department for October 2020 are as follows: (Click the icon to view the testing department data. Read the requirements Requirement 1. What is the percentage of completion for transferred-in costs and direct materials in (a) beginning work-in-process inventory and (b) ending work-in-process inventory? Transferred-in costs Direct materials (a) Beginning work-in-process inventory 100% 09 100% (b) Ending work-in-process Inventory 09 Requirement 2. For each cost category, compute equivalent units in the testing department, Show physical units in the first column of your schedule. (For amounts with a 0 balance, make sure to enter "O" in the appropriate cell.) Equivalent Units Transferred-in Direct Costs Materials Data Table Conversion Costs Physical Units Work in process, beginning Transferred in during current period To account for Completed and transferred out during current period Physical Units Transferred-In Direct Conversion (Car Seats) Costs Materials Costs 6,900 $2.934,000 SO Work in process, October 19 $7 Transferred in during October 2020 ? Corripleted during October 2020 Work in process, October 31 3,100 Total costs added during October 2020 $8.087,400 $10,329,500 S4,3 Degree of completior: transferred-in costs, ?%, direct materiale, ?%, conversion Cus:3, 70%. Degree of completior: transferred-in costs, 2 %; direct materials, 7%; conversion costs, 50%. 28,300 Work in process, ending Accounted for Equivalent units of work done to date Enter any number in the edit fields and then click Check Answer. ? Print Done 5 parts 5 Clear All remaining |