Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please show the work for the blanks. Gable Company manufactures car seats in its Atlanta plant. Each car seat passes through the assembly departmont and
please show the work for the blanks.
Gable Company manufactures car seats in its Atlanta plant. Each car seat passes through the assembly departmont and the tosting department, This problem focuses on the testing department. Diect materials are added when the testing department process is 95% complete. Conversion costs are added evenly during the testing department's process. As work in assombly is completed, oach unit is immodiately traneforred to lesting. As oach unit is complated in tosting. it is immeciately transferted to Finished Goods. Gable Company uses the weighted-average method of process costing. Data for the testing department for October 2020 are as follows: Cick the icon to view the testing department data.) Data table Requirement 1. What is the percentage of completion for transferred-in costs and direct materials in (a) beginning work-in-process inventory and (b) ending work-in-process inventory? Requirement 2. For each cost category, compute equivalent units in the testing department. Show physical units in the first column of your schedule. (For amount with a 0 balance, make sure to enter " 0 in the appropriate cell.) Requirement 3. For each cost catogory, fummarizo total tosting dopartment costs for October 2020 , calculato cost por oquivalont unit, and assign costs to units comploted (and transferred out) and to units in ending work in process inventory. Begin by summarizing the total cosks to account for. (For amounts with a 0 balanco, make suro to onter "0" in the appropriate coll.) Calculate cost par equivalent unit for transferred-in costs, diroct materials, and conversion costs. Assign total cosis to units completed (and transferred out) and to units in ending work in process. (For amounts with a 0 bala appropriate cell.) Assign total costs to units completed (and transforred out) and to units in onding work in process. (For amounts with a 0 balance, make sure to enter "0" in the appropriate coll) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started