Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Carlberg Company has two manufacturing

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,400 units during November. The following production activity unit and cost information refers to the assembly department's November production activities Assembly Department Beginning work in process Units transferred out Ending work in process Units 2,000 9,000 4,400 Percent of Direct Materials 75% 100% 85% Percent of Conversion 25% 100% 35% $2,186 (consists of $1,688 for direct materials and $498 for conversion) Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion $ 17,422 $ 20,582 RS 20-14A FIFO: Equivalent units of production LO C4 equired: alculate the assembly department's equivalent units of production for materials and for conversion for November. Use the FIFO method of 8 QS 20-14A FIFO: Equivalent units of production LO C4 Required: Calculate the assembly department's equivalent units of production for materials and for conversion for November. Use the FIFO method. DOK Complete this question by entering your answers in the tabs below. rences Materials Conversion Calculate the assembly department's equivalent units of production for materials for November. Use the FIFO method. Equivalent units of production (EUP) - FIFO method Units % Materials EUP Total Conversion 11 r materials 17.477 Required information QS 20-14A FIFO: Equivalent units of production LO C4 Required: Calculate the assembly department's equivalent units of production for materials and for conversion for November. Use the FIFO method. Complete this question by entering your answers in the tabs below. Materials Conversion Calculate the assembly department's equivalent units of production for conversion for November. Use the FIFO method. Equivalent units of production (EUP) - FIFO method Units % Conversion EUP Total Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indice U LURAUI. Required information QS 20-13 Weighted average: Journal entry to transfer costs LO P4 Required: Prepare the November 30 journal entry to record the transfer of costs from the assembly department to the painting department. Use the weighted average method. Answer is not complete. No Transaction Debit Credit 1 1 General Journal Work in Process Inventory-Painting Work in Process Inventory-Assembly $2,186 (consists of $1,688 for direct materials and $498 for conversion) Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion $ 17,422 $ 20,582 QS 20-15A FIFO: Cost per EUP LO C4 Required: Calculate the assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the FIFO method. Cost per equivalent unit of conversion Choose Numerator Choose Denominator Cost per equivalent unit of production Direct Materials Conversion $2,186 (consists of $1,688 for direct materials and $498 for conversion) Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion $ 17,422 $ 20,582 QS 20-15A FIFO: Cost per EUP LO C4 Required: Calculate the assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the FIFO method ces Cost per equivalent unit of conversion Choose Numerator Choose Denominator Cost per equivalent unit of production Direct Materials Conversion 1 Required: Assign costs to the assembly department's output-specifically, the units transferred out to the painting department and the units that remain in process in the assembly department at month-end. Use the FIFO method. (Do not round intermediate calculations.) CARLBERG COMPANY FIFO method Costs of units transferred out Cost of beginning work in process inventory Costs to complete beginning work in process Direct materials Conversion Total costs to complete Cost of units started and completed this period Direct materials Conversion Total cost of units started and completed Total costs of units transferred out Cost of ending work in process inventory. Direct materials Conversion Total costs of ending work in process Total costs assigned Required information Required: Prepare the November 30 journal entry to record the transfer of costs from the assembly department to the painting department Use the FIFO method View transaction ist Journal entry worksheet 1 > Record the transfer of units from the assembly department to the painting department (FIFO method.) Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Performance Auditing

Authors: Shrivastava A.

1st Edition

8131316254, 978-8131316252

More Books

Students also viewed these Accounting questions