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help with requirement 4 please! AC 331-740 OL (Spring 2021) KRISTEN SHRUM . 03/25/21 11:13 AM Homework: Chapter 17 Homework Save Score: 0.7 of 1
help with requirement 4 please!
AC 331-740 OL (Spring 2021) KRISTEN SHRUM . 03/25/21 11:13 AM Homework: Chapter 17 Homework Save Score: 0.7 of 1 pt 9 of 15 (9 complete) HW Score: 51.01%, 7.65 of 15 pts P17-36 (book/static) Question Help 0 Hoffman Company manufactures car seats in its Boise plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon for Hoffman's process-costing system information.) Data for the assembly department for October 2017 are as follows: (Click the icon to view the assembly department data.) Read the requirements. Requirement 3. For each cost category, surmarize total assembly department costs for October 2017 and calculate the cost per equivalent unit Begin by summarizing the total assembly department costs for October 2017 Total Direct Conversion A Data Tablo Production Costs Materials Costs Work in process, beginning $ 1,489,650 $ 1,248,000 $ 241,650 Costs added in current period 7,210,125 4,635,000 2,575,125 Physical Units Direct Conversion 8,699,775 $ 5,883,000 $ 2,816,775 (Car Seats) Materials Costs Total costs to account for 4,000 Work in process, October 10 $1,248,000 $241.650 Now calculate the cost per equivalent unit for each cost category . Started during October 2017 22,500 Completed during October 2017 26,000 Direct Conversion 500 Work in process, October 310 Materials Costs Total costs added during October 2017 $4,635,000 $2,575,125 Costs incurred to date "Degree of completion: direct materials, 7%; conversion costs, 45% S 5,883.000 S 2,816,775 "Degree of completion direct materials, 7%; conversion costs, 65%. Divide by equivalent units of work done to date 26.500 26,325 S 222 S 107 Cost per equivalent unit Print Done Requirement 4. Assign costs to units completed and transferred out and to units in ending work in process, Total Direct Conversion Production Costs Materials Costs Completed and transferred out Work in process, ending Total costs accounted for Enter any number in the edit fields and then click Check Answer. ? All parts showing Clear All CheckStep by Step Solution
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