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Marlgold Corp. manufactures kitchen appllances and gadgets, like coffee makers and can openers. Recently, the company ramped up productlon of Its iced coffee brewer, anticlpating
Marlgold Corp. manufactures kitchen appllances and gadgets, like coffee makers and can openers. Recently, the company ramped up productlon of Its iced coffee brewer, anticlpating Increasing demand in the market. For the month of April, Marlgold reported the following actlvity and cost Information for its only production process dedlcated to these coffee brewers. The corrverslon costs are added evenly throughout this manufacturing process. Assuming Marlgold Corp. Uses the FIFO method of process costing, complete Steps 1 to 5 in the template to determine the cost of units completed in April as well as the cost of units In ending WIP Inventory in Aprll. (Round cost per equivalent unit to 2 decimal places, eg. 15.25 and final answers to 0 decimal places, eg. 5,125.) Record the journal entry to recognize the cost of units completed and transferred out of the manufacturing process thls month. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry) (b) At approxlmately what stage of processing is the plastlc materlal added to the units? At approxlmately what stage of processing is the mesh materlal added to the unlts? List of Accounts Attempts: 0 of 2 used (c) Assuming Instead that Marlgold Corp. uses the welghted-average method of process costing, complete 5 teps 1 to 5 in the template to determine the cost of units completed In Aprll as well as the cost of unlts in ending WIP Inventory In A.prll. (Round cost per equivalent unit to 2 decimal places, eg. 15.25 and final answers to 0 decimal places, eg. 5,125.) Record the Journal entry to recognize the cost of units completed and transferred out of the manufacturing process this month. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List debit entry before credit entry.)
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