Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kam Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,000 units during November. The following production activity in both units

Kam Company has two manufacturing departments, Assembly and Painting The Assembly department started 10,000 units during Nove

Kam Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,000 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Use the weighted average method for all calculations. Assembly Department Beginning work in process Inventory Units started this period Units completed and transferred out Ending work in process Inventory Cost of beginning work in process: Direct materials Conversion Costs added this month: Direct materials Conversion Units Beginning goods in process Units started this period Total units to account for 2,000 10,000 9,000 3,000 $ 996 585 $ 1,581 $10,404 12,285 $22,689 Percent Complete for Direct Materials 60% 80% Percent Complete for Conversion 40% Required 1. Calculate the Assembly department's Total units to account for and Total units accounted for on the process cost summary. Completed & transferred out Ending goods in process Total units accounted for 30%

Step by Step Solution

3.31 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

Beginning Goods in Process Units started this period T... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions