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Karlene Industries produces plastic ice cube trays in two processes: heating and stamping. All materials are added at the beginning of the Heating Department process.
Karlene Industries produces plastic ice cube trays in two processes: heating and stamping. All materials are added at the beginning of the Heating Department process. Karlene uses the weightedaverage method to compute equivalent units.
On November the Heating Department had in process trays that were complete. During November, it started into production trays. On November trays that were complete were in process.
The following cost information for the Heating Department was also available.
Work in process, November :
Materials
Conversion costs
Cost of work in process, Nov. $
Costs incurred in November:
Material $
Labor
Overhead
Instructions
a Prepare a production cost report for the Heating Department for the month of November using the weightedaverage method.
b Journalize the transfer of costs to the Stamping Department.
Karlene Industries produces plastic ice cube trays in two processes: heating and stamping. All materials are added at the beginning of the Heating Department process, and conversion costs are incurred uniformly throughout the process. Karlene uses the weightedaverage method to compute equivalent units of production.
On November the Heating Department had in process trays that were complete. During November, it started into production trays. On November trays that were complete as to conversion costs were in process.
The following cost information for the Heating Department was also available.
Work in process, November :
Costs incurred in November:
Materials
$
Direct
materials $
Conversion costs
Direct
labor
Cost of work in process, Nov.
$
Manufacturing overhead
Instructions
Prepare a production cost report for the Heating Department for the month of November using the weightedaverage method and FIFO method.
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