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HELPPP!!!!! Complete Steps 1-5 of the template for the canning department of Tamarisk Pairts this year using the Fir O method of process costing, clearly
HELPPP!!!!!
Complete Steps 1-5 of the template for the canning department of Tamarisk Pairts this year using the Fir O method of process costing, clearly labeling the following (Round cost per equivalent unit arrwers to 2 decimal places, es. 15.25) - Equivalent units of production for all three cost categories: transferred i DM, and conversion costs. - The cost per equiyalent unit for all three cost categories: transferred in, DM, and comersioncosts. - The total cost of units completed and the total cost of units in endins Wip inventory. Record the iournal entry for each of the following transactions. NCredit account titles are automaticalfy indented when amount is entered. Do not indent monual if no entry is mouired, select "No Entrv" for the occount tities and enter ofor the amounts. List all debit entries before credit entries) 1. Transfer of paint into the canning process in March 2. Completion of cannirg of 46700 gallons of paint in Murch. Present Tamarisks Wi P inventory-Canning T-accours for the period, showirg all debits and credits that would hare epinted or would have been recorded in the account in March, and determine its ending balanke. For the units completed in March, what was the final cost per gallon? (Round answer to 2 decimal places, eg 15.25) The cost per gallon Marigold Paints makes various interior and exterior paints for its customers, but its current focus is on its top-selling interior brand. Marigold produces the paint in its mixing department and then transfers the paint to the canning department. The following information is presented for the canning department in March, recognizing that the company adds its conversion costs evenly throughout the process. One unit is one gallon of paint. Complete Steps 1- 5 of the template for the canning depar tment of Marigold Paints this year using the FifO method of process costing, clearly labeling the following, (Round cost per equivalent unit answers to 2 decimal places, es. 15.25. - Equivalent units of production for all three cost categoriesi transferred in, DM, and conversion costs. - The cost per equivalent unit for all three cost categories: transferred-in, DM, and conversion costs. - The total cost of units completed and the total cost of units in ending WiP Inventory Step by Step Solution
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