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Chrome Accessories manufactures auto roof racks in a two-stage process that includes shaping and plating. Steel alloy is the basic raw material of the shaping process. The steel is moulded according to the design specifications of automobile manufacturers (Ford and General Motors). The Plating Department then adds an anodized finish.

At March 31, before recording the transfer of cost from the Plating Department to Finished Goods Inventory, the Chrome Accessories general ledger included the following account:

Requirements - * Data Table -X 1. Fill in the time line for the Plating Department. 2. Prepare the March production cost report for the Plating Department. 3. Journalize all transactions affecting the Plating Department during March. including the entries that have already been posted. Work in Process Inventory-Plating Done March 1 balance 35,350 Print Transferred-in from Shaping Direct materials 43,200 25.200 22.000 Direct labour Manufacturing overhead 35.500 Chrome Accessories manufactures auto roof racks in a two-stage process that includes shaping and plating. Steel alloy is the basic raw material of the shaping process. The steel is moulded according to the design specifications of automobile manufacturers (Ford and General Motors). The Plating Department then adds an anodized finish At March 31, before recording the transfer of cost from the Plating Department to Finished Goods Inventory, the Chrome Accessories general ledger included the following account: (Click the icon view the T-account.) Additional information included: A (Click the icon to view the additional data.) Requirements Requirement 1. Fill in the time line for the Plating Department. Start Complete Complete Requirement 2. Prepare the March production cost report for the Plating Department Before we can start the production cost report we must first compute the Plating Department's equivalent units. (For entries with a zero balance, make sure to enter "" in the appropriate cell.) Chrome Accessories Plating Department Equivalent Unit Computations (Weighted-Average) Flow of Equivalent Units Physical Transferred Direct Conversion Flow of Production Units in Materials Costs Units accounted for Total equivalent units Now we will begin the production cost report by completing the first half of the report. Compute the cost per equivalent unit. (For entries with a zero balance, make sure to enter "O" in the appropriate column.) Now we will begin the production cost report by completing the first half of the report. Compute the cost per equivalent unit. (For entries with a zero balance, make sure to enter "0" in the appropriate column.) Chrome Accessories Plating Department Production Cost Report (Weighted-Average) Transferred Direct in Materials Conversion Costs Total Cost per equivalent unit Complete the March production cost report by assigning the costs to units completed and transferred out and to ending inventory. (Enter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. For entries with a zero balance, make sure to enter "O" in the appropriate cell(s). Round your answers to the nearest whole dollar.) Chrome Accessories Plating Department Production Cost Report (Weighted-Average Method) Transferred- Direct in Materials Total Conversion Costs Costs Assignment of total costs: Total cost accounted for Requirement 3. Journalize all transactions affecting the Plating Department during March, including the entries that have already been posted. Record the journal entry for the cost of the units transferred in from the Shaping Department (Record debits first, then credits. Explanations are not Journal Entry Date Accounts Debit Credit Record the direct materials, direct labour, and manufacturing overhead assigned to the Plating Department. Journal Entry Date Accounts Debit Credit Prepare the journal entry to record the cost of units completed and transferred out Journal Entry Accounts Date Debit Credit Requirements - * Data Table -X 1. Fill in the time line for the Plating Department. 2. Prepare the March production cost report for the Plating Department. 3. Journalize all transactions affecting the Plating Department during March. including the entries that have already been posted. Work in Process Inventory-Plating Done March 1 balance 35,350 Print Transferred-in from Shaping Direct materials 43,200 25.200 22.000 Direct labour Manufacturing overhead 35.500 Chrome Accessories manufactures auto roof racks in a two-stage process that includes shaping and plating. Steel alloy is the basic raw material of the shaping process. The steel is moulded according to the design specifications of automobile manufacturers (Ford and General Motors). The Plating Department then adds an anodized finish At March 31, before recording the transfer of cost from the Plating Department to Finished Goods Inventory, the Chrome Accessories general ledger included the following account: (Click the icon view the T-account.) Additional information included: A (Click the icon to view the additional data.) Requirements Requirement 1. Fill in the time line for the Plating Department. Start Complete Complete Requirement 2. Prepare the March production cost report for the Plating Department Before we can start the production cost report we must first compute the Plating Department's equivalent units. (For entries with a zero balance, make sure to enter "" in the appropriate cell.) Chrome Accessories Plating Department Equivalent Unit Computations (Weighted-Average) Flow of Equivalent Units Physical Transferred Direct Conversion Flow of Production Units in Materials Costs Units accounted for Total equivalent units Now we will begin the production cost report by completing the first half of the report. Compute the cost per equivalent unit. (For entries with a zero balance, make sure to enter "O" in the appropriate column.) Now we will begin the production cost report by completing the first half of the report. Compute the cost per equivalent unit. (For entries with a zero balance, make sure to enter "0" in the appropriate column.) Chrome Accessories Plating Department Production Cost Report (Weighted-Average) Transferred Direct in Materials Conversion Costs Total Cost per equivalent unit Complete the March production cost report by assigning the costs to units completed and transferred out and to ending inventory. (Enter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. For entries with a zero balance, make sure to enter "O" in the appropriate cell(s). Round your answers to the nearest whole dollar.) Chrome Accessories Plating Department Production Cost Report (Weighted-Average Method) Transferred- Direct in Materials Total Conversion Costs Costs Assignment of total costs: Total cost accounted for Requirement 3. Journalize all transactions affecting the Plating Department during March, including the entries that have already been posted. Record the journal entry for the cost of the units transferred in from the Shaping Department (Record debits first, then credits. Explanations are not Journal Entry Date Accounts Debit Credit Record the direct materials, direct labour, and manufacturing overhead assigned to the Plating Department. Journal Entry Date Accounts Debit Credit Prepare the journal entry to record the cost of units completed and transferred out Journal Entry Accounts Date Debit Credit