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P17-38 (similar to) Question Help Kaeding Company manufactures car seats in its Miami plant. Each car seat passes through the assembly department and the testing
P17-38 (similar to) Question Help Kaeding Company manufactures car seats in its Miami plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. Data for the assembly department for October 2017 are as follows EEB (Click the icon to view the assembly department data.) (Click the ioon to view information about Kaeding Company's prooess-costing system.) (Click the icon to view the weighted-average cost per equivalent unit data and total costs accounted for.) Read the requirements. Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. (For amounts with a 0 balance, make sure to enter "O" in the appropriate cell.) Equivalent Units Physical Direct Conversion Flow of Production Units Materials Work in process beginning Started during current period To account for Completed and transferred out during current period: 1. For each cost category, compute equivalent units in the assembly department. Show 2. For each cost category, summarize total assembly department costs for October 2017 and 3. Assign total costs to units completed and transferred out and to units in ending work in 4. Explain any difference between the cost per equivalent unit in the assembly department 5. Should Kaeding's managers choose the weighted-average method or the FIFO method? physical units in the first column of your schedule. calculate the cost per equivalent unit. process. From beginning work in process under the weighted-average method and the FIFO method. Started and completed Work in process, ending Accounted for Equivalent units of work done in current period only Explain briefly. More Info The process-costing system at Kaeding Company has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly department finishes work on each car seat, it is immediately transferred to testing. Kaeding Company uses the FIFO method of process costing. Enter any number in the edit fields and then click Check Answer. 7 Pemaining heck Answer nona
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