Please help with 12.06, 12.09, 12.10, 12.11, 13.03, and 13.04 I can't get them right
Process Costing - Weighted Average General Information The I See The Light Company has a related company that produces the figurines. They use process costing in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars. The material is added at the beginning of the process. The labor and overhead costs are assumed to be added uniformly throughout. Month of January Selected information for January is presented below. Note that the applied overhead rate was 50% of direct labor costs in the molding department. Molding Department Goods in-process as of January 1 were 3,700 figurines at a cost of $61,194.00. Of this amount, $5,994.00 was from raw materials added, $36,800.00 for labor and $18,400.00 for overhead. These 3,700 figurines were assumed to be 80.00% complete as to labor and overhead. During January, 23,000 units were started, $35,658.00 of materials and $27,370.00 of labor costs were incurred. The 8,000 figurines that were in-process at the end of January were assumed to be 25.00% complete to labor and overhead. All figurines in January passed inspection. January MOLDING Physical Flow of Units Work-in-Process - Beginning Units Started this Period Units to Account for [ Total transferred out Work-in-Process - Ending Total Accounted for 18,700 units 8,000 units {12.01} {12.02) Equivalent Units Material (Round to two places, ##.###.##) 26,700.00 {12.03) Equivalent Units Conversion (Round to two places, ##.###.##) 20,700.00 {12.04) Total cost of Material (Round to two places, ##.###.##) $ 41,652.00 {12.05) Total cost of Conversion (Round to two places, ##.###.##) Total cost to account for (Round to two places, ##.###.##) {12.06) {12.07) 124,222.00 Cost per equivalent unit of Material (Round to two places, ###.##) S 1.56 {12.08) Cost per equivalent unit of Conversion (Round to two places, ###.##) {12.09) Cost of the ending inventory, material and convesion (Round to two places, $###,###.##) 12.10 ) {12.10) Cost of the units transferred, material and convesion (Round to two places, $###.###.## ) {12.11} Job Order Costing To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section On January 1, 20x2, Division S began Job 2407 for the client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,200 Lamp Kits @ $16.40 per kit. 9-Jan 4,250 sets of Lamp Kits were requisitioned. 17-Jan Payroll of 600 Direct Labor Hours @ $9.60 per hour. 30-Jan Payroll of 650 Direct Labor Hours @ $9.85 per hour. 30-Jan 3,990 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processing. Month End Overhead Information Actual Variable Manufacturing Overhead Actual Fixed Manufacturing Overhead $ 1,325.00 $ 40,373.45 Round to two places, $##.## Cost of Direct Material incurred in Manufacturing Job 2407 $ 69,700.00 {13.01) Cost of Direct Labor Incurred in Manufacturing Job 2407 $ 12.162.50 {13.02) Cost of Manufacturing Overhead Applied to Job 2407 {13.03) Cost of manufacturing one lamp {13.04)
