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please help! Hoffman Company manufactures car seats in its Boise plant Each car seat passes through the assembly department and the testing department The problem
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Hoffman Company manufactures car seats in its Boise plant Each car seat passes through the assembly department and the testing department The problem focuses on the assembly department Click the on to view information about Hoffman Company's pross-costing system) JE 1 Prepare a set of summertzed journal entries for all October 2020 transactions affecting Work in Process-Assembly (Record decits first, then credes Exclude explanations from any journal entries Begin by recording the purchase and use of direct materials Journal Entry Data table Accounts Work in process, October 1 Started during October 2020 Completed during October 2020 Work in process, October 31 Total costs added during October 2000 Physical Units (Car Seats) 4.000 22.500 26.000 500 Degree of completo direct material conco45% Degree of completion direct materials 7% conversion costs, % Debit Credit Direct Conversion Materials Costs $1,248,000 $241.000 $4,635,000 $2.575,125 X Data for the assembly department for October 2020 areas w Click the icon to view the assembly department data) More info (Click the icon to view the total costs to account fie) (Click the icon to view the total dels accounted for Read the mart The process-costing system at Hoffman Company has a single direct cost category (drect materials) and a single indirect-cost category (conversion costs) Direct materials are noted 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. Hofman Company uses the weighted-average method of process costing Print Done Clear all Check answ Homework: Chapter 18 man Company manufactures car seats in a Bose plant. Each car seat passes through the e testing department. This problem focuses on the assembly department Click the icon to view information about Hofman Company's process-coating system) Total costs accounted for Total Direct Conversion Production Cost Materials Cost 8.554,000 $6,772,000 $2.782.000 145,775 111,000 34.775 1.000,775 $5,883.000 $ 2.816,775 Completed and transfered out $ Work in process, ending Tutal costs accounted for Print Question 2, P18-37 (book/static) Part 1 of 4 department Done HW Score 0%, 0 of 30 O Points of 10 Data for the assembly department for October 2020 (theo to view the endly department Total costs to account for W in process being Costed in cment period Total costs to account for Direct Total Production Costs Materials 1 $ Print Conversion Costs 241.650 7.210.125 4535.000 2.475 125 8.899.775 $5.883.000 $ 2.816.775 1,400,0001248.000 $ Victoria Crossland Done G Save Requirement Prepare a set of summarized journal entries for all October 2020 transactions affecting Work in Process-Assembly. Set up a T-account for Work in Process Assembly and post your entries to it. 200 Print Done Step by Step Solution
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