Fielding Company manufactures car seats in its Seattle plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon to view information about Fielding Company's process-costing system.) Data table Data for the assembly department for October 2020 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted average cost per equivalent unit data ur schedule. (For amounts Requirement 1. For each co with a 0 balance, make sure Direct Conversion Materials $1,369,500 Costs $532,125 Flow of Pr! Physical Units (Car Seats) Work in process, October 18 5,500 Started during October 2020 18,500 Completed during October 2020 21,500 Work in process, October 31 2,500 Total costs added during October 2020 a Degree of completion: direct materials, 7%; conversion costs, 50%. bDegree of completion: direct materials, ?%, conversion costs, 65%. Work in process beginning $3,718,500 $2,057,875 Started during current period To account for Completed and transferred From beginning work in Started and completed Print Done Work in process, ending Accounted for Equivalent units of work done in current period only Data for the assembly department for October 2020 are as follows: Fielding Company manufactures car seats in its Seattle plant. Each car seat passes through the problem focuses on (Click the icon Reference system.) ........... uivalent unit data Direct Conversion Materials Costs Hule. (For amounts Requirement 1. Fo with a 0 balance, m Costs incurred to date $ 5,088,000 $ 24,000 2,590,000 23,125 Divide by equivalent units of work done to date $ 212 $ 112 Cost per equivalent unit for work done to date F Total Direct Conversion Work in process bel Production Costs Materials Costs Started during curre Completed and transferred out $ 6,966,000 $ 712,000 4,558,000 $ 530,000 2,408,000 182,000 To account for Work in process, ending $ 5,088,000 $ Total costs accounted for 7,678,000 $ 2,590,000 Completed and trar From beginning Started and con Work in process, er Print Done Accounted for Equivalent units of Fielding Company manufactures car seats in its Seattle plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon to view information about Fielding Company's process-costing system.) Data for the assembly department for October 2020 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted average cost per equivalent unit data and total costs accounted for.) 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. (For amounts with a 0 balance, make sure to enter "0" in the appropriate cell.) Garnivalant Initte Physid ... Units Flow of Production More info Work in process beginning Started during current period To account for 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 FIFO method of process costing. Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Print Done Accounted for Equivalent units of work done in current period only Fielding Company manufactures car seats in its Seattle plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. Click the icon to view information about Fielding Company's process-costing system.) Data for the assembly department for October 2020 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted average cost per equivalent unit data and total costs accounted for.) Read the requirements. Requirements Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. (For amounts with a 0 balance, make sure to enter "0" in the appropriate cell.) Equivalent Units Direct Conversion Physical Units Flow of Production Materials Costs Work in process beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for Equivalent units of work done in current period only Help me solve this Etext pages Get more help Clear all Check
