Homework: ACC-360 Topic 3 Assignment uestion list K Question 9, P17-38 (similar to) Part 1 of 8 Kaeding Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon to view information about Kaeding Company's process-costing system.) Question 1 Question 2 More info HW Score: 0%, 0 of 100 points O Points: 0 of 20 Data for the assembly department for October 2017 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted-average cost per equivalent unit data and total costs accounted for.) Dond the row Save Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. (For amounts with a 0 balance, make sure to enter "0" in the appropriate cell.) The process-costing system at Kaeding Company has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly department finishes work on each car seat, it is immediately transferred to testing. Kaeding Company uses the FIFO method of process costing. Print Done Equivalent Units Physical Direct Conversion Units Materials Costs Direct Materials Conversion Costs Costs incurred to date $ 5,584,200 $ Question 8 Divide by equivalent units of work done to date Cost per equivalent unit for work done to date 24,600 2,576,025 24,075 $ 227 $ 107 Question 9 Total Direct Conversion Production Costs Materials Costs Completed and transferred out Work in process, ending $ 7,515,000 $ 645,225 $ 8,160,225 $ 5,107,500 $ 476,700 5,584,200 $ 2,407,500 168,525 2,576,025 Help me solve th Total costs accounted for Data table Requirements 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. 2. For each cost category, summarize total assembly department costs for October 2017 and calculate the cost per equivalent unit. 3. Assign total costs to units completed and transferred out and to units in ending work in process. 4. Explain any difference between the cost per equivalent unit in the assembly department under the weighted-average method and the FIFO method. 5. Should Kaeding's managers choose the weighted-average method or the FIFO method? Work in process, October 1 Started during October 2017 Completed during October 2017 Work in process, October 31b Physical Units (Car Seats) 5,100 Direct Conversion Materials Costs $1,489,200 $684,675 19,500 22,500 2,100 $4,095,000 $1,891,350 Total costs added during October 2017 *Degree of completion: direct materials, ?%; conversion costs, 60%. "Degree of completion: direct materials, ?%; conversion costs, 75%. - - X Check answer