Q6. [30% of test] Larsen Company is a manufacturer of car seats. Each car seat passes through 1 the assembly department and 2hd testing department. This problem focuses on the testing department. Direct materials are added when the testing department process is 90% complete. Conversion costs are added evenly during the testing department's process. As work in assembly is completed, each unit is immediately transferred to testing. As each unit is completed in testing, it is immediately transferred to Finished Goods. Suppose that Larsen Company uses FIFO in a of its departments. Data for the testing department for October 2014 are as follows: Physical Transferred- Direct units In Costs Materials Beg. work in process" 7,500 $2,800,000 SO $835,460 Transferred in currently Units Completed [UC] End. work in process Total costs added currently----$7,735,250 $9,704.700 26.300 3.700 3,955,900 Degree of completion: transferred-in,--%; direct materials,0%; conversion, 70%. "Degree of completion: transferred-in costs, 100%; direct materials,000; conversion costs, 60%. Required: Fill in the blanks ABOVE and below Grading will NOT consider your format and step-by- step solution: 1.a. Are the %s on Beg. Inventory REQUIRED for YOU to compute the equivalent units in the Required Item 1 below? Y/N? 1.b. Compute the Current-period's equivalent units in the TESTING department: For the Transferred-in Direct Material and Conversion Is the total equivalent units the total of OUTPUT or INPUT done? My answer is it's 4. Calculate the Current-period's Cost per equivalent unit for the Transferred-in Direct Material and Conversion Assign costs to the units completed and transferred out: 5. and to those in ending work in process: Q6. [30% of test] Larsen Company is a manufacturer of car seats. Each car seat passes through 1 the assembly department and 2hd testing department. This problem focuses on the testing department. Direct materials are added when the testing department process is 90% complete. Conversion costs are added evenly during the testing department's process. As work in assembly is completed, each unit is immediately transferred to testing. As each unit is completed in testing, it is immediately transferred to Finished Goods. Suppose that Larsen Company uses FIFO in a of its departments. Data for the testing department for October 2014 are as follows: Physical Transferred- Direct units In Costs Materials Beg. work in process" 7,500 $2,800,000 SO $835,460 Transferred in currently Units Completed [UC] End. work in process Total costs added currently----$7,735,250 $9,704.700 26.300 3.700 3,955,900 Degree of completion: transferred-in,--%; direct materials,0%; conversion, 70%. "Degree of completion: transferred-in costs, 100%; direct materials,000; conversion costs, 60%. Required: Fill in the blanks ABOVE and below Grading will NOT consider your format and step-by- step solution: 1.a. Are the %s on Beg. Inventory REQUIRED for YOU to compute the equivalent units in the Required Item 1 below? Y/N? 1.b. Compute the Current-period's equivalent units in the TESTING department: For the Transferred-in Direct Material and Conversion Is the total equivalent units the total of OUTPUT or INPUT done? My answer is it's 4. Calculate the Current-period's Cost per equivalent unit for the Transferred-in Direct Material and Conversion Assign costs to the units completed and transferred out: 5. and to those in ending work in process