Fielding Company manufactures car seats in its Tulsa 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 2017 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted average cost per equivalent unit dat 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.) Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Work in process beginning 52001 Started during current period 19000 24200 To account for Completed and transferred out during current period: From beginning work in process 5200 Started and completed Work in process, ending Accounted for Equivalent units of work done in current period only Requirement 2. For each cost category, summarize total assembly department costs for October 2017 and calculate the cost per equivalent unit. Begin by summarizing the total costs to account for. Requirement 2. For each cost category, summarize total assembly department costs for October 2017 and calculate the cost per equivalent unit. Begin by summarizing the total costs to account for. Total Direct Conversion Production Costs Materials Costs Work in process, beginning Costs incurred to date Total costs to account for Next calculate cost per equivalent unit for direct materials and conversion costs. Direct Materials Conversion Costs Costs added in current period Divide by equivalent units of work done in current period Cost per equivalent unit for work done in current period Requirement 3. Assign total costs to units completed and transferred out and to units in ending work in process. Begin by calculating the total from beginning inventory, then calculate the total costs accounted for. (Abbreviation used; WIP = work in process. For amounts with a $0 balance, make sure to enter "0" in the appropriate cell.) Total Direct Conversion Production Costs Materials Costs Completed and transferred out Work in process, beginning Costs added to beginning WIP in current period Total from beginning inventory Started and completed Total costs of units completed and transferred out Work in process, ending Total costs accounted for Physical Units Direct Conversion (Car Seats) Materials Costs Work in process, October 18 5,200 $1,432,600 $527,280 Started during October 2017 19,000 Completed during October 2017 21,500 Work in process, October 31 2,700 Total costs added during October 2017 $4,085,000 $2,028,000 Degree of completion: direct materials, ?%; conversion costs, 65%. Degree of completion: direct materials, ?%; conversion costs, 80%
