Answered step by step
Verified Expert Solution
Question
1 Approved Answer
General Accessories manufactures auto roof racks in a two-stage process that includes shaping and plating. Steel alloy is the basic raw material of the shaping
General Accessories manufactures auto roof racks in a two-stage process that includes shaping and plating. Steel alloy is the basic raw material of the shaping process. The steel is moulded according to the design specifications of automobile manufacturers (Ford and General Motors). The Plating Department then adds an anodized finish. At March 31, before recording the transfer of cost from the Plating Department to Finished Goods Inventory, the General Accessories general ledger included the following account: E (Click the icon to view the T-account.) Additional information included: (Click the icon to view the additional data.) Additional Information Requirements Requirement 2. Prepare the March production cost report for the Plating Department. Before we can start the production cost report we must first compute the Plating Department's equivalent units. (For entries with a zero baland The direct materials (rubber pads) are added at the end of the plating process. Conversion costs are incurred evenly throughout the process. Work in process of the Plating Department on March 1 consisted of 1,800 racks. The $33,900 beginning balance of Work in Process-Plating includes $20,400 of transferred-in cost and $13,500 of conversion cost. During March, 1,800 racks were transferred in from the Shaping Department. The Plating Department transferred 2,300 racks to finished goods inventory in March and 1,300 were still in process on March 31. This ending inventory was 50% of the way through the plating process. General Accessories Plating Department Equivalent Unit Computations (Weighted Average) Flow of Equivalent Units Physical Transferred Direct Flow of Production Units Materials Print Done Conversion Costs in ci Data Table Units accounted for: Work in Process Inventory-Plating 33,900 March 1 balance Transferred-in from Shaping 40,800 Total equivalent units 27,600 Direct materials Now we will begin the production cost report by completing the first half of the report. Compute the cost per equivalent unit. (For entries 22,500 Direct labour Manufacturing overhead 34,800 Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Air General Accessories manufactures auto roof racks in a two-stage process that includes shaping and plating. Steel alloy is the basic raw material of the shaping process. The steel is moulded according to the design specifications of automobile manufacturers (Ford and General Motors). The Plating Department then adds an anodized finish. At March 31, before recording the transfer of cost from the Plating Department to Finished Goods Inventory, the General Accessories general ledger included the following account: E (Click the icon to view the T-account.) Additional information included: (Click the icon to view the additional data.) Additional Information Requirements Requirement 2. Prepare the March production cost report for the Plating Department. Before we can start the production cost report we must first compute the Plating Department's equivalent units. (For entries with a zero baland The direct materials (rubber pads) are added at the end of the plating process. Conversion costs are incurred evenly throughout the process. Work in process of the Plating Department on March 1 consisted of 1,800 racks. The $33,900 beginning balance of Work in Process-Plating includes $20,400 of transferred-in cost and $13,500 of conversion cost. During March, 1,800 racks were transferred in from the Shaping Department. The Plating Department transferred 2,300 racks to finished goods inventory in March and 1,300 were still in process on March 31. This ending inventory was 50% of the way through the plating process. General Accessories Plating Department Equivalent Unit Computations (Weighted Average) Flow of Equivalent Units Physical Transferred Direct Flow of Production Units Materials Print Done Conversion Costs in ci Data Table Units accounted for: Work in Process Inventory-Plating 33,900 March 1 balance Transferred-in from Shaping 40,800 Total equivalent units 27,600 Direct materials Now we will begin the production cost report by completing the first half of the report. Compute the cost per equivalent unit. (For entries 22,500 Direct labour Manufacturing overhead 34,800 Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Air
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started