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P17-36 (similar to) Question Help Mundy Handcraft is a manufacturer of picture frames for large retailers. Every picture trame passos through two departments: the asscmbly
P17-36 (similar to) Question Help Mundy Handcraft is a manufacturer of picture frames for large retailers. Every picture trame passos through two departments: the asscmbly department and the finishing department This problem focuses on the asscmbly department. The procoss-costing system at Mund has a sin le direc cost cate o direct ma nals a si e in ce cate o convers on sts Direct materia are ed when the as emb de a ment process s 0% complete onw rsion ts are added even dunng the assembly department's process Mundy uses the weighted-average method of process costing. Consider the tollowing data for the assembly department in April 2014: ?(Click the icon to view the data.) Requirements 1Surnarice tolal assembly deparlmen costs Apil 2014, ad assign tolal osls lo unils npleled (arid transfered oul ard lo urils in en 2. Wnat issues should a mansger tocis on when rewewing the equvelent units calculation? To accounl fo ng work in process. Data Table 455 455 455 Completed and transferred out during current period Work in process, ending Actounted or Equivalenl uniits of work dorne lo dale Now summarize the total costs to account for 130 130 39 Physical Units Direct Conversion 585 494 (Frames) Materials Costs 1 i $9H8 Work in process, April 1 Started during April 2014 Completed during April 2014 Total Conversion wark in prncess, Aprl 30 lotal costs added during April 2014 ? Degree of completion: direct materials 100%; conversion costs, 40% h Degree of completion: direct meterials. 100%, conversion costs, 30%. Production Costs Materials Costs $17 640 $11856 Work in process, beginn Work in process, endin Iotal cosis to account tor Print Done Choose from any list or enter any number in the input fields and then click Check
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