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Requirements 1. Prepare a production cost report for the Assembly Department for November. The company uses the weighted-average method. 2. Prepare a T-account for Work-in-Process
Requirements 1. Prepare a production cost report for the Assembly Department for November. The company uses the weighted-average method. 2. Prepare a T-account for Work-in-Process Inventory-Assembly to show its activity during November, including the November 30 balance. More info In mid-November, Liz Electronics started production on 105,500 game consoles. Of this number, 75,500 game consoles were assembled during November and transferred out to the Programming Department. The November 30 Work-in-Process Inventory in the Assembly Department was 30% of the way through the assembly process. Direct materials costing $395,625 were placed in production in Assembly during November, direct labor of $180,175 was assigned, and manufacturing overhead of $52,200 was allocated to that department. Liz Electronics makes game consoles in three processes: assembly, programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no Work-in-Process Inventory on October 31. (Click the icon to view additional information.) Read the requirements. Requirement 1. Prepare a production cost report for the Assembly Department for November. The company uses the weighted-average method. (Complete all input fields. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) Units accounted for: Total units accounted for
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