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problem 6-57 only JELMILJ Asume that stiller Designs we che weighted werage method to cut out the sedie package. The following use cost and production

problem 6-57 only image text in transcribed
JELMILJ Asume that stiller Designs we che weighted werage method to cut out the sedie package. The following use cost and production data for the enembly proces for 4000 Inventories Loren Inc. manufactures products that pass through cquivalene units were computed using the FIFO method Units started and completed Unies in WIP Fraction to complete (60%) Units in EWIP Praction complete (4,000 60%) Equivalent units of output (FIFO) Aprils.com to account for are as follows: BWIP (40% comple) Marrials Conversion Total 2.400 in proces price Usi.completed and not Leite in pocen. Allere 0.000 $ 1120 10.000 WIR Apel: China Kidere Cews Consided during Apel Chien Kider.com $ 1.200.000 12.100.000 SA Required: places.) transferred out S2000 25.300.000 40,000 Required: 1. Prepare a physical flow analysis for the assembly department for the month of April. 2. Calculate equivalent units of production for the assembly department for the month of April 3. Calculate unit cost for the sembly department for the month of April 4. Calculate the cost of units transferred out and the cost of EWIP Inventory 5. Prepare a cost reconciliation for the ancmbly department for the month of April PROBLEMS 12 Problem 6-58 Steps for a Production Report Refer to the data of Problem 6.57 OBJECTIVE 1 K KICKER Required 1. Prepare a production report for the sembly department for the month of April 2. CONCEPTUAL CONNECTION Write a one-page report that compares the purpose and content of the production report with the job-ceder cost sheet Problem 6-56 Basic Flows, Equivalent Units Thayn Company produces an arthritis medication that passes through two departnere and tableting. Thayn uses the weighted average method. Data for February for mixing was lows: BWIP was zeroEWIP had 36,000 units, 50% complete and 420.000 units were Tableting data for February are as follows: WIP was 24,000 units, 20% complete and it units were in EWIP, 40% complete Required: 1. For mixing, calculate the (a) number of units transferred to tableting and (blopen units of production 2. For tableting calculate the number of units transferred out to Finished Goods 3. CONCEPTUAL CONNECTION Suppose that the units in the mixing department measured in ounces, while the units in tableting are measured in bottles of 100 bles with a total weight of eight ounces (excluding the bottle). Decide how you would not units that are measured differently and then repeat Requirement 2 using this approud Problem 6-57 Steps in Preparing a Production Report Use the following formation for allem 6-S and 6.60 Alfombra Inc. manufactures theow rugs. The throw rug department weaves doch andyam into throw rugs of variomie. Alfombra mes the weighted werage method. Material are added uniformly throughout the weaving procem. In August, Alfombra switched from FIFO to the weighted average method. The following data are for the throw og depart ment for August Production Units in procent. August 1, compleme 4000 Units completed and formed out 120.000 Units in proces, August 31,60%.complete 40.000 Coses WIP, August $144.000 Current costs 604.800 Total 5748 800 KER Kicker components are added at the beginning of the assembly proces 1. Un costs or more pro Das 1. Calculate the unit cost for April using the FIFO method. (No Rondo de 2. Using the FIFO method, determine the cost of EWIP and the cost of de goods Recently, Stillwater Designs expanded its market by becoming an original equipment to Jeep Wrangler. Stillwater Designs produces factory upgraded speakers specifically for Wrangler. The Kicker components and speaker cabinets are outsourced with a ing in house. Stillwater Designs assembles the product by placing the speakers and der Wrangler, producing the desired factory installed appearance Speaker cabinets and ponents in cabinets chat define anaadio package upgrade and that can be placed into

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