Question 9, please.
XXX XXX Completed/Transferred Out TE Ending XXX XXX XXX XXX XXX XXX XXX Total 4. Determine the total cost for the foam and the unit amount for the foam for one surfboard table. 5. Determine the total cost for the legs and the unit cost for four legs. 6. Determine the total conversion cost and the conversion cost per surfboard table. 7. Determine the total equivalent cost per surfboard table. 8. Prepare a Cost of Production report. This report should show all costs transferred into Work-in-Proces costs transferred to Finished Goods. This process uses FIFO costing. 9. Determine the amounts for the following. a) Ending Work-in-Process Inventory in Units AND Dollars b) Ending Finished Goods Inventory in Units AND Dollars c) Cost of Goods Sold d) Over/Under Applied Manufacturing Overhead e) Gross Margin f) Income from Operations g) Net Income 10. Prepare the necessary Journal Entries related to the manufacturing cycle for this accounting period. P journal entries for the accounting period. Use the account numbers in the chart of accounts, below, in the accounts names when writing the journal entries. 1. Determine the pre-determined overhead rate 2. Determine surfboard tables to account for 3. Equivalent unit schedule 440 2900 Whole Units (Actual) 1:11 Beginning Start/Completed Completed/Transferred Out Ending Total Direct Materials Foam 10 2900 21000 436 3336 Conversion Costs 0 2900 2900 2900 436 3336 Equivalent Units Direct Material Legs 0 2900 2900 0 2900 2900 109 3009 4. Determine the total cost for the loam and the unit amount or the foam for one surfbo Total costa 5. Determine the total cost for the legs and the unites for each set of four lees Totalt 6. Determine the total conversion cost and the conversion cost per surfboard table. Total: 7.Determine the total equivalent cost per surfboantable Total EC: S S S 395.500.00 Unit cost! 700.000,00 Un cost co per unit 102.30 S $ S $ 113.00 200.00 89.80 $ Equivalent Units Whotle Units Direct Materials Foam Direct Material Legs Conversion Costs $ S S $ $ 1.166,666.05 $ B2.V00.00 S 580,000.00 $ 258,966.05 $ 1,166,066.OS S 3271 700.00 $ 580,000.00 $ 258.966.05 $ $ $ 175,402.21 $ 49.268.00 S $ 9.733.55 S 1,212,068.25 S 576.968.00 S 580,000.00 $ 268,699.60 9. Beginning and Endine nits in up and dollaramount XXX XXX Completed/Transferred Out TE Ending XXX XXX XXX XXX XXX XXX XXX Total 4. Determine the total cost for the foam and the unit amount for the foam for one surfboard table. 5. Determine the total cost for the legs and the unit cost for four legs. 6. Determine the total conversion cost and the conversion cost per surfboard table. 7. Determine the total equivalent cost per surfboard table. 8. Prepare a Cost of Production report. This report should show all costs transferred into Work-in-Proces costs transferred to Finished Goods. This process uses FIFO costing. 9. Determine the amounts for the following. a) Ending Work-in-Process Inventory in Units AND Dollars b) Ending Finished Goods Inventory in Units AND Dollars c) Cost of Goods Sold d) Over/Under Applied Manufacturing Overhead e) Gross Margin f) Income from Operations g) Net Income 10. Prepare the necessary Journal Entries related to the manufacturing cycle for this accounting period. P journal entries for the accounting period. Use the account numbers in the chart of accounts, below, in the accounts names when writing the journal entries. 1. Determine the pre-determined overhead rate 2. Determine surfboard tables to account for 3. Equivalent unit schedule 440 2900 Whole Units (Actual) 1:11 Beginning Start/Completed Completed/Transferred Out Ending Total Direct Materials Foam 10 2900 21000 436 3336 Conversion Costs 0 2900 2900 2900 436 3336 Equivalent Units Direct Material Legs 0 2900 2900 0 2900 2900 109 3009 4. Determine the total cost for the loam and the unit amount or the foam for one surfbo Total costa 5. Determine the total cost for the legs and the unites for each set of four lees Totalt 6. Determine the total conversion cost and the conversion cost per surfboard table. Total: 7.Determine the total equivalent cost per surfboantable Total EC: S S S 395.500.00 Unit cost! 700.000,00 Un cost co per unit 102.30 S $ S $ 113.00 200.00 89.80 $ Equivalent Units Whotle Units Direct Materials Foam Direct Material Legs Conversion Costs $ S S $ $ 1.166,666.05 $ B2.V00.00 S 580,000.00 $ 258,966.05 $ 1,166,066.OS S 3271 700.00 $ 580,000.00 $ 258.966.05 $ $ $ 175,402.21 $ 49.268.00 S $ 9.733.55 S 1,212,068.25 S 576.968.00 S 580,000.00 $ 268,699.60 9. Beginning and Endine nits in up and dollaramount
