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Monette Company manufactures car seats in its Hartford plant. Each car seat passes through the assembly department and testing department. This problem focuses on
Monette Company manufactures car seats in its Hartford plant. Each car seat passes through the assembly department and testing department. This problem focuses on the testing department. Direct materials are added when the testing department process is 90% complete. Conversion costs are added evenly during the testing department's process. As work in assembly is completed, each unit is immediately transferred to testing. As each unit is completed in testing, it is Immediately transferred to Finished Goods. Monette Company uses the weighted-average method of process costing. Data for the testing department for October 2017 are as follows: (Click the icon to view the testing department data.) Read the requirements. Data table - X Transferred (a) Beginning work-in-process inventory 100% Work in process, October 1 (b) Ending work-in-process inventory 100% Requirement 2. For each cost category, compute equivalen Transferred in during October 2017 Completed during October 2017 Work in process, October 31b Total costs added during October 2017 Physical Units Transferred-In (Car Seats) Costs Direct Conversion Materials 8,100 ? $2,929,000 Costs $0 $1,001,670 30,300 4,300 $9,319,400 $11,241,300 $4,561,100 *Degree of completion: transferred-in costs, ?%; direct materials, ?%; conversion costs, 80%. "Degree of completion: transferred-in costs, ?%; direct materials, ?%; conversion costs, 70%. Work in process, beginning Transferred in during current period To account for Completed and transferred out during current period Work in process, ending Ph Print Done ke sure to enter "0" in the appropriate cell.)
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