P17-40 (similar to) E Question Help Gable Company manufactures car seats in its Hartford plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the testing department. Direct materials are added when the testing department process is 95% complete onver on costs are added evenly during the testing department's process. As wor n assembly s completed each unit is immediate y trans erred o testing. As a unit is completed in testing it s immediately transferred to Finished Goods. Gable Company uses the FIFO 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 Requirement 1. What is the percentage of completion for (a) transferred-in costs and direct materials in beginning work-in-process inventory and (b) transferred-in costs and direct materials in ending work-in-process inventory? Transferred-in costs Direct materials (a) Beginning work-in-process inventory (b) Ending work-in-process inventory i Data Table Requirements Physical Units Transferred-In Direct Conversion 1. What is the percentage of completion for (a) transferred-in costs and direct materials in beginning work-in-process inventory and (b) transferred-in costs and direct materials in ending work-in-process inventory? For each cost category, compute equivalent units in the testing department. Show physical units in the first column of your For each cost category, summarize total testing department costs for October 2017 cakculate the cost per equivalent unit, and assign costs to units completed (and transferred out) and to units in ending work in process. Prepare journal entries for October transfers from the assembly department to the testing department and from the testing department to Finished Goods. (Car Seats) Costs Materials Costs 7,000 $2,881,000 SO $813,090 Work in process, October 1 Transferred in during October 2017 Completed during October 2017 2. schedule. 29,800 3,200 3. in process, October 31 $B,944,000 $10,936,600 $4,579,310 Total costs added during October 2017 "Degree of completion: transferred-in costs, ?%; direct materials, ?%; conversion costs, 75%. bDegree of completion: transferred-in costs, ?%; direct materials, ?%; conversion costs, 60%. 4. Print Done PrintDone parts remaining Clear All Check