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Max's furniture company specialises in producing sofas. The Cutting and Assembling Department transfers its output to the Fabric Application Department. Conversion costs occur evenly during
Max's furniture company specialises in producing sofas. The Cutting and Assembling Department transfers its output to the Fabric Application Department. Conversion costs occur evenly during the process, but materials are only added at the beginning. The opening WIP for the Fabric Application Department is units that had been transferred in at a cost of $ and were completed, with conversion costs of $ and material costs of $ units were transferred in from the Cutting and Assembling Department with the transfer in cost of $ During August units were completed and transferred out to finished goods. The units remaining in ending WIP were completed. Costs for the Fabric Application Department during the period were $ for materials and $ for conversion costs. Prepare a process cost report for the Fabric Application Department for August
Note: Do not enter dollar signs or commas in your answers. Round your answers to decimal places. eg
tableUnits to Account for:,Physical Units,TransferredinDirect Materials,Conversion CostsOpening WIP,,,,Transferred in during period,,,,Units Accounted for:,,,,Completed and transferred out,,,,Ending WIP,,,, of Ending WIP completed,,,,Equivalent units,,,,Costs to Account for:,,,,Work in process at beginning,,,,Costs added during period,,,,Total costs to account for,,,,Cost per equivalent unit,,,,Costs Accounted for:,,,,Completed and transferred out,,,,Ending work in process,,,,Total costs accounted for,,,,
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