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Liz Electronics makes game consoles in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs
Liz Electronics makes game consoles in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no Work-in-Process Inventory on October 31. (Click the icon to view additional information.) Read the requirements. Total units accounted for Total Direct Materials Conversion Costs Costs COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Divided by: Total EUP Cost per equivalent unit Costs accounted for: Completed and transferred out Ending work-in-process Total costs accounted for Requirement 2. Prepare a T-account for Work-in-Process inventory-Assembly to show its activity during November, including the November 30 balance. Work-in-Process Inventory-Assembly Bal. Oct. 31 Direct materials Direct labor Transferred to Programming Manufacturing overhead Bal. Nov. 30 Liz Electronics makes game consoles in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no Work-in-Process Inventory on October 31. (Click the icon to view additional information.) Read the requirements. Total units accounted for Total Direct Materials Conversion Costs Costs COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Divided by: Total EUP Cost per equivalent unit Costs accounted for: Completed and transferred out Ending work-in-process Total costs accounted for Requirement 2. Prepare a T-account for Work-in-Process inventory-Assembly to show its activity during November, including the November 30 balance. Work-in-Process Inventory-Assembly Bal. Oct. 31 Direct materials Direct labor Transferred to Programming Manufacturing overhead Bal. Nov. 30
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