Homework - Chapter 6 eBook Weighted Average Method, Physical Flow, Equivalent Units, Unt Costs, com Assignment ABC Swatey Fabrication, Inc., manufactures frames for bicycles, teach frome passes through three processer Cutting, Welding and painting. In September, the cutting Department of the Ta Oklahoma, plant reported the following data a. In Cutting all direct materials are added at the beginning of the process b. Beginning work in process consisted of 41,000 units, 20 percent complete with respect to direct labor and overhead Costs in beginning inventory included direct materials. 51,225,000 direct lobor, 5222,800, and applied overhead, $150,000 C. Costs added to production during the month were direct materials 62,425,400, direct labor, 53,477,200 Overhead was assigned using the following information Activity Rate Actual Driver Usage Inspection 5150 per inspection hour 4,000 inspection hours Maintenance $750 per maintenance hour 1.600 maintenance hours Receiving $300 per receiving order 2,000 receiving orders d. At the end of the month, 121,600 units were transferred out to Welding, leaving 13,600 units in ending work in process, or 25 percent complete Required 1. Prepare a physical flow schedule. Swasey Fabrication, Inc. Physical Flow Schedule Units to account for: 101 PS eBook Total units to account for Units accounted for: Total units accounted for 2. Calculate equivalent units of production for direct materials and conversion costs Equivalent Units Direct Materials Conversion Costs 3. Compute unit cost under weighted average. Unit direct materials cost Unit conversion costs Total unit cost 4. Calculate the cost of goods transferred to Welding at the end of the month. Calculate the cost of ending inventory Cost of goods transferred out Ending WIP Conversion Costs 3. Compute unit cost under weighted average, Unit direct materials cost Unit conversion costs Total unit cost 4. Calculate the cost of goods transferred to Welding at the end of the month. Calculate the cost of ending Inventory, Cost of goods transferred out Ending WIP 5. Prepare the journal entry that transfers the goods from Cutting to Welding Homework - Chapter 6 ebook Weighted Average Method, Physical Flow, Equivalent Units, Unit Costs, Cost Assignment, ABC Swasey Fabrication, Inc., manufactures frames for bicydes. Each frame passes through three processes: Cutting, Welding, and Painting. In September, the Cutting Department of the Tulsa, Oklahoma, plant reported the following data: a. In Cutting all direct materials are added at the beginning of the process b. Beginning work in process consisted of 41,000 units, 20 percent complete with respect to direct labor and overhead. Costs in beginning inventory included direct material, 61,225,000; direct labor, $222,800; and applied overhead, 5150,000 c. Costs added to production during the month were direct materials, $2,425,400; direct labor, 53,477,200 Overhead was assigned using the following information Activity Rate Actual Driver Usage Inspection $150 per inspection hour 4,000 inspection hours Maintenance $750 per maintenance hour 1.600 maintenance hours Receiving $300 per receiving order 2,000 receiving orders d. At the end of the month, 121,600 units were transferred out to Welding, leaving 13,600 units in ending work in process, or 25 percent complete
