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HELP PLEASE I NEED THE PROCESS TOO Problem (34 points) KK Company uses a process-costing system. The company manufactures a product that is processed in
HELP PLEASE I NEED THE PROCESS TOO Problem (34 points) KK Company uses a process-costing system. The company manufactures a product that is processed in two departments: molding and assembly. In the molding department, direct materials are added at the beginning of the process; in the assembly department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and costs for March: Molding Assembly 10,0008,000 -| $45,200 $13,800 $16,800 30000 35,000 Physical units Costs: Transferred in Direct materials $22,000 Conversion costs Current production 25,000 Units started Units transferred out Costs Transferred in Direct materials Conversion costs $56,250$39,550 $103,500 $136,500 Percentage of completion: 40% 80% Beginning inventory 50% 50% Ending inventory Using the weighted average method: 1. Calculate the following for the Molding department a. Equivalent units (6 pts) b. Unit costs (6 pts) c. Cost of ending work in process and cost of goods transferred out (4 pts) 2. Calculate the following for the Assembly department: a. Equivalent units(9 pts) b. Unit costs (9 pts)
HELP PLEASE I NEED THE PROCESS TOO
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