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Given the information on the first picture, please answer questions 13-17 Please answer all questions Parsley Metal Company casts blades for the turbine engine. Within
Given the information on the first picture, please answer questions 13-17
Please answer all questions
Parsley Metal Company casts blades for the turbine engine. Within the Casting Department, an alloy is melted in a crucible and then poured into 8 molds to produce the castings, On October 1,800 pounds of the alloy were in process, 40% complete as to conversion, The work-in-process balance for these 8000 pounds was $350,000, determined as follows: direct materials- $190,000, conversion costs- $160,000. During October, the Casting Department was charged $250,000 for 9,500 pounds of alloy and $165,500 for direct labor, Factory overhead is applied to the department at 150% of direct labor. The department transferred 9,150 pounds of finished castings to the Machining Department. The October . 31 inventory in process was 20% complete as to conversion. Based on the above information, please answer questions a) to f). estion 13 Please calculate the unit direct material cost for the month. (Please keep two decimal places) Selected Answer: [None Given] uestion 14 C) Please calculate the unit conversion cost for the month (keep two decimal places). Selected Answer: [Nooe Given] 2uestion 15 d) Please calculate the completed production costs transferred to the Machining Department (keep two decimal places). Selected Answer: Question 16 Please preparo the journal entry for (d) f) Please calculate the cost of the ending balance of the casting department. (keep two decimal places) Parsley Metal Company casts blades for the turbine engine. Within the Casting Department, an alloy is melted in a crucible and then poured into 8 molds to produce the castings, On October 1,800 pounds of the alloy were in process, 40% complete as to conversion, The work-in-process balance for these 8000 pounds was $350,000, determined as follows: direct materials- $190,000, conversion costs- $160,000. During October, the Casting Department was charged $250,000 for 9,500 pounds of alloy and $165,500 for direct labor, Factory overhead is applied to the department at 150% of direct labor. The department transferred 9,150 pounds of finished castings to the Machining Department. The October . 31 inventory in process was 20% complete as to conversion. Based on the above information, please answer questions a) to f). estion 13 Please calculate the unit direct material cost for the month. (Please keep two decimal places) Selected Answer: [None Given] uestion 14 C) Please calculate the unit conversion cost for the month (keep two decimal places). Selected Answer: [Nooe Given] 2uestion 15 d) Please calculate the completed production costs transferred to the Machining Department (keep two decimal places). Selected Answer: Question 16 Please preparo the journal entry for (d) f) Please calculate the cost of the ending balance of the casting department. (keep two decimal places) Step by Step Solution
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