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Larsen Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly Data for the assembly department for October 2017 are as follows: department and the testing department. This problem focuses on the assembly department Click the icon to view information about Larson Company's process-costing system.) (Click the icon to view the assembly department data) Click the icon lo vow the weighted average cost per equivalent unit data and low costs accounted for) Read the requirements Requirement 1. For each cont category, computo equivalent units in the assembly department Show physical units in the first column of your schedule (For amounts with a balance, make sure to enter in the appropriate coll) Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Work in proces beginning 5,400 Started during current period 21.000 To account for Completed and transferred out during current period Choose from any store any number in the input fields and then click Check Answer Clear A Check Answer 6 parts remaining Larsen Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon to view information about Larsen Company's process-costing system.) Data for the assembly department for (Click the icon to view the assem (Click the icon to view the weight for.) Road the requirements Direct Conversion Physical Units Materials Costs 5,400 21,000 26.400 Flow of Production Work in process beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending 5,400 2,700 19,100 19,100 19.100 1,900 1,900 1,330 26.400 Choose from any list or enter any number in the input fields and then click Check Answer 6 parts remaining Clear All Larsen Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon to view information about Larsen Company's process-costing system.) Data for the assembly department for (Click the icon to view the assem (Click the icon to view the weighte for.) Read the requirements Accounted for Equivalent units of work done in current period only 21.000 23.130 Requirement 2. For each cost category, summarize total assembly department costs for October 2017 and calculate the cost per equivalent unit. Begin by summarizing the total costs to account for Total Direct Conversion Production Costs Materials Costs Work in process, beginning Costs incurred to date Total costs to account for Choose from any list or enter any number in the input fields and then click Check Answer. 6 parts Clear All remaining Question Help Each car seat passes through the assembly n the assembly department. process-costing system.) Data for the assembly department for October 2017 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted-average cost per equivalent unit data and total costs accounted for.) Read the requirements. 21,000 23 * Requirements X mbly department costs for Od cal Direct Materials on Costs 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. 2. For each cost category, summarize total assembly department costs for October 2017 and calculate the cost per equivalent unit. 3. Assign total costs to units completed and transferred out and to units in ending work in process. 4. Explain any difference between the cost per equivalent unit in the assembly department under the weighted average method and the FIFO method. 5. Should Larsen's managers choose the weighted average method or the FIFO method? Explain briefly and then click Check Answ Print Done swer Larsen Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department (Click the icon to view information about Larsen Company's process costing system.) Data for the assembly department for Octa (Click the icon to view the assembly de Click the icon to view the weighted-av ements. Reference ACCOU Equive Requir Begin per equivalent unit Work Direct Conversion Materials Costs Costs incurred to date $ 5,649,600 $ 2,944,620 Divide by equivalent units of work done to date 26.400 25,830 $ Cost per equivalent unit for work done to date 214 $ 114 Total Direct Conversion Production Costs Materials Costs Completed and transferred out $ 8,036,000 $ 5,243,000 $ 2,793,000 Work in process, ending 558,220 406,600 151,620 S 8,594,220 S 5,649,600 $ Total costs accounted for 2,944,620 Costs Total Choose 6 part rem car seat passes through the assembly e assembly department. pess-costing system.) Data for the assembly department for October 2017 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted-average cost per equivalent unit data and total fon - X i Data Table 21,00 department D osts Ma Physical Units Direct Conversion (Car Seats) Materials Costs Work in process, October 1 5,400 $1,344,600 $377,190 Started during October 2017 21,000 Completed during October 2017 24,500 Work in process, October 31b 1,900 Total costs added during October 2017 $4,305,000 $2,567,430 Degree of completion: direct materials, ?%; conversion costs, 50%. Degree of completion: direct materials, ?%; conversion costs, 70%. then click Print Done Clear All Check Ans 9 of 9 (6 complete) HW Score: 47.54%, 47.54 o Question H its Chicago plant. Each car seat passes through the assembly problem focuses on the assembly department Larson Company's process-costing system.) Data for the assembly department for October 2017 are as follows: (Click the icon to view the assembly department data.) (Click the icon to view the weighted average cost per equivalent unit data and total costs acco for.) More Info X at period: 5,400 2,700 19,100 19,100 19,100 1,900 1,900 1,330 The process-costing system at Larsen 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. Larsen Company uses the FIFO method of process costing 26,400 od only 21,000 23,130 mmarize total assembly department costs for October 2017 and Print Done ount for in the input fields and then click Check Answer. Clear All Check