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Required information [The following information applies to the questions displayed below.] Stem Games manufactures playing cards. It has three departments: Printing, Cutting & Collating, and
Required information [The following information applies to the questions displayed below.] Stem Games manufactures playing cards. It has three departments: Printing, Cutting & Collating, and Wrapping. Transferred-in costs are considered materials costs. The following information is available for the Wrapping department for the month of October: Physical Units 283,000 Beginning work in process (100% complete for materials, 80% complete for conversion) Decks transferred in Decks completed and tran to Finished Goods Inventory Ending Work in Process (100% complete for materials, 45% complete for conversion 3,220,000 3,230,000 ? Costs: Beginning work in process: Direct materials Conversion cost Costs transferred in October costs: Direct materials Conversion costs AA $ 200,000 21,000 $1,526,700 $ $ 24,800 716,627 Required: 1. Reconcile the total Cost to Account for the process. 2. Prepare a statement of total cost accounted for the process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Reconcile the total cost to account for the process. Direct Materials Conversion Total Cost Cost to Account for: Prior Period Costs Current Period Costs Total Cost to Account For 0 $ 0 $ 0 Required 1 Required 2 Prepare a statement of total cost accounted for the process. Direct Materials Conversion Total Cost Cost to Account for: Units Completed Ending Inventory Total Cost Accounted for: $ 0 $ 0 $
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