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Homework: Chapter 17 Homework Save Score: 0 of 1 pt 3 of 5 (0 complete) HW Score: 0%, 0 of 5 pts P17-39 (similar to)
Homework: Chapter 17 Homework Save Score: 0 of 1 pt 3 of 5 (0 complete) HW Score: 0%, 0 of 5 pts P17-39 (similar to) A Question Help Fielding Company manufactures car seats in its Miami plant. Each car seat passes through the assembly department and testing department. This problem focuses on the testing department. Direct materials are added when the testing department process is 95% complete. Conversion costs are added evenly during the testing department's process. As work in assembly is completed, each unit is immediately transferred to testing. As each unit is completed in testing, it is immediately transferred to Finished Goods. Fielding Company uses the weighted average method of process costing. Data for the testing department for October 2017 are as follows: E: (Click the icon to view the testing department data.) Read the requirements. Requirement 1. What is the percentage of completion for (a) transferred-in costs and direct materials in beginning work-in-process inventory and (b) transferred-in costs and direct materials in ending work-in-process inventory? Transferred-in costs Direct materials (a) Beginning work-in-process inventory (b) Ending work-in-process inventory Data Table Physical Units Transferred-In Direct Conversion (Car Seats) Costs Materials Costs Work in process, October 18 7,500 $2,929,000 $0 $938,980 Transferred in during October 2017 ? Completed during October 2017 26,300 Work in process, October 31 3,700 Total costs added during October 2017 $7,691,000 $9,625,800 $3,937,940 Degree of completion: transferred-in costs, ?%; direct materials, ?%; conversion costs, 75%. Degree of completion: transferred-in costs, ?%; direct materials, ?%; conversion costs, 60% Print Done
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