Process Costing - FIFO Assumptions The Stones Company had unfinished units in both of its manufacturing operations. Production and cost data for the prior month for both Departments is provided below: Beginning of Month End of Month 24.000 20,000 Department A Beginning units Percentage completion: Direct material Direct labor and overhead 100% 75% 100% 60% Beginning Costs $ 188,000 Inputs for Month -- Department A Units introduced 60,000 Cost introduced: Direct material Direct labor and overhead $ 315,000 $ 261,000 Department B Beginning of Month End of Month 8,000 10,000 Beginning units Percentage completion: Direct material Direct labor/ overhead 100% 25% 100% 30% Beginning costs $ 92,000 Inputs for Month--Department B Units introduced ? Cost introduced: Transferred-in ? Direct material $ 83,200 Direct labor & overhead $ 214,200 A. Required: Complete the following sequence of steps for Department A. 1. Compute physical flow and equivalent full units. 2. Compute unit costs. 3. Determine ending work-in-process for Department A. 4. Prepare the journal entry to transfer costs to Department B. Work-In-Process - Dept. A Beg. WIP 188,000 DM...... 315.000 ............ (?) DL & OH... 261,000 (transferred out) Work in Process - Dept. B Beg. WIP 92.000 TI (?) DM... 83,200 DL &OH.. 214,200 (Transferred to F/G End. WIP End WIP A. Required: Complete the following sequence of steps for Department B. 1. Compute physical flow and equivalent full units. 2. Compute unit costs. 3. Determine the ending work-in-process for Department B. 4. Prepare the journal entry to transfer costs to Finished Good. Finished Goods N/A Beg. F/G Work-In-Pitocess - Dept. B Beg. WIP 92,000 TI DM 83,200 (?) DL&OH 214,200 (transferred to F/G) (?). transferred from Dept. B End. WIP End F/G