Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer both parts A and B. Thanks! Washington, Inc., makes three models of motorized carts for vacation resorts, X-10, X-20, and X-40. Washington manufactures
Please answer both parts A and B. Thanks!
Washington, Inc., makes three models of motorized carts for vacation resorts, X-10, X-20, and X-40. Washington manufactures the carts in two assembly departments: Department A and Department B. All three models are processed initially in Department A, where all material is assembled. The X-10 model is then transferred to finished goods. After processing in Department A, the X-20 and X-40 models are transferred to Department B for final assembly, and then transferred to finished goods. There were no beginning work-in-process inventories on April 1. Data for April are shown in the following table. Ending work in process is 30 percent complete in Department A and 60 percent complete in Department B. Conversion costs are allocated based on the number of equivalent units processed in each department. Units started Units completed in Department A Units completed in Department B Materials Total - X-10 X-20 540 390 380 279 225 $336,000 $ 54,000 $117,000 X-40 200 190 160 $165,000 Conversion costs: Department A Department B Total conversion costs $278,100 43,000 $321,100 Required: a. What is the unit cost of each model transferred to finished goods in April? b. What is the balance of work-in-process inventory on April 30 for Department A? Department B? Complete this question by entering your answers in the tabs below. Required A Required B What is the unit cost of each model transferred to finished goods in April? (Do not round intermediate calculations.) Unit Cost Product X-10 X-20 X-40Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started