Larsen Company manufactures car seats in its Houston plant. Each car seat passes through the assembly Data for the assembly department for October 2017 are as follows: department and the testing department. This problem focuses on the assembly department. B (Click the icon to view the assembly department data.) (Click the icon to view information about Larsen Company's process-costing system.) (Click the icon to view the weighted-average cost per equivalent unit data and total costs accounted for.) Read the requirements. 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.) Equivalent Units Requirements Physical Direct Conversion Flow of Production Units Materials Costs Work in process beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process 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 Larsen's managers choose the weighted-average method or the FIFO method? Explain briefly. Enter any number in the edit fields and then click Check Answer. 7 parts remaining Print Done Data Table Reference Direct Conversion Materials Costs Costs incurred to date $ 5,517,600 $ 24,200 2,555,280 23,660 Physical Units Direct Conversion (Car Seats) Materials Costs Work in process, October 1a 5,200 $1,432,600 $527,280 Started during October 2017 19,000 Completed during October 2017 21,500 2,700 Work in process, October 31b Total costs added during October 2017 $4,085,000 $2,028,000 a Degree of completion: direct materials, ?%; conversion costs, 65%. "Degree of completion: direct materials, ?%; conversion costs, 80%. Divide by equivalent units of work done to date $ 228 $ 108 Cost per equivalent unit for work done to date Total Direct Conversion Production Costs Materials Costs Completed and transferred out $ 7,224,000 $ 848.880 4,902,000 $ 615,600 2,322,000 233,280 - Requirements X Work in process, ending $ 8,072,880 $ 5,517,600 $ 2,555,280 Total costs accounted for Print Done 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 Larsen's managers choose the weighted average method or the FIFO method? Explain briefly. Clear All Check Answer 10... : LAAS Larsen Company manufactures car seats in its Houston plant. Each car seat passes through the assembly Data for the assembly department for October 2017 are as follows: department and the testing department. This problem focuses on the assembly department. B (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 More Info X for.) Read the requirements. sure to enter "O" in the Data Table The process-costing system at Larsen 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. Larsen Company uses the FIFO method of process costing. Print Done Physical Units Direct Conversion (Car Seats) Materials Costs 5,200 $1,432,600 Work in process, October 19 $527,280 Star during October 2017 19,000 Completed during October 2017 21,500 Work in process, October 31b 2,700 Total costs added during October 2017 $4,085,000 $2,028,000 Degree of completion: direct materials, ?%; conversion costs, 65%. "Degree of completion: direct materials, ?%; conversion costs, 80%. To account for Completed and transferred out during current period: From beginning work in process Enter any number in the edit fields and then click Check Answer. Print Done 7 parts remaining Eck