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please show working if you can thanks Read the requirements. ch cost ca e to enter More info - - X you w of Produ
please show working if you can thanks
Read the requirements. ch cost ca e to enter More info - - X you w of Produ nning The process-costing system at Tomlinson 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. Tomlinson Company uses the FIFO method of process costing. nt period sferred out d work in proce mpleted Print Done nding f work done in current period only olve this Data table - - X Physical Units Direct Conversion (Car Seats) Materials Costs Work in process, October 10 6,000 $1,779,000 $585,000 Started during October 2017 23,500 Completed during October 2017 25,500 Work in process, October 31b 4,000 Total costs added during October 2017 $4,888,000 $2,863,500 Degree of completion: direct materials, ?%, conversion costs, 60%. Degree of completion direct materials, ?%; conversion costs, 75%. OU pr done Print Done chis Etext pages Get more help - Requirements - of ing perid 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 Tomlinson's managers choose the weighted average method or the FIFO method? Explain briefly erred ork in leted ling vork do Print Done wwwwwwwwwwwwwwwwwww follow Reference quivale Direct Conversion Materials Costs Costs incurred to date eac uret $ 6,667,000 $ 29,500 3,448,500 28,500 Divide by equivalent units of work done to date or amour Cost per equivalent unit for work done to date $ 226 $ 121 Total Direct Conversion Flowo Production Costs Materials Costs Completed and transferred out Jeginnin $ Work in process, ending 8,848,500 $ 1,267,000 5,763,000 $ 904,000 3,085,500 363,000 urrent pe Total costs accounted for $ 10,115,500 $ 6,667,000 $ 3,448,500 transferr ning work d complete Print Done ess, ending Or units of work done in current period only Tomlinson Company manufactures car seats in its Albany 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 Tomlinson Company's process-costing system.) Data for the assembly department for October 20 (Click the icon to view the assembly departm Click the icon to view the weighted average data and total costs accounted for.) Read the requirements . Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your sched a 0 balance, make sure to enter "0" in the appropriate cell.) Equivalent Units Physical Direct Conversion Flow of Production Units Materials Work in process beginning Costs 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 Accounted for Equivalent units of work done in current period onlyStep by Step Solution
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