Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Requirements ata Table 1. What is the percentage of completion for transformed in and directe beginning work in process inventory and water connect material in

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Requirements ata Table 1. What is the percentage of completion for transformed in and directe beginning work in process inventory and water connect material in onding work in process inventory 2. For each cost colegory compute quent units in the finden Showca in first column of your schedule 3. For each costogory, mon cous for October 2011 ce the copertunt, dassion costs to its completed and trained budounending work in 4. Prepare your entries for October to the bly department dient and to the techno primers to the Good Physical Units Train Durat Can Car Seats Costa M Cat Work process October 5500 Teed in dung Odober 2017 > Comodin October 2017 2900 Work in proces, 100 Toaded during 2017 3828.000.000 of compro convenios Degree of componente de como Pent Done Print Done omework Homework: Chapter 17 Gary mature in start. Each car pagh the asseny department and long department. This problem focuses on the lasting department Direct meals are and well the longest procession compte Conversions are added evenly during the ting manis process. As work in assembly is completed, cach untis immediately transferred 10 A conti come gimmediated to Finished Goods Gatie Company is the weed average method of process conting Data for the testing department for October 2017 shows Requirement. When the percentage of common or a rendered in case and direct materials in begring work procese inventory and (b) transferon costs and direct materials in ording who? Transferred in costs Det materials Browy boy 1. Calculate equivalent units of work done in the current period (for transferred-in costs, direct materials, and conversion costs) to complete beginning work in process, to start and complete new units, and to produce ending work in process. 2. Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. 3. Assign costs to units completed (and transferred out) and to units in ending work in process A 1 B C D E Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs 95 S 70,500 $ os 38,000 100% 0% 40% 175 2 Work in process, beginning inventory (June 1) 3 Degree of completion, beginning work in process 4 Transferred-in during June 5 Completed and transferred out during June 6 Work in process, ending inventory (June 30) 7 Degree of completion, ending work in process 8 Total costs added during June 190 80 100% 0% 75% $ 180.500 5 42.750 $ 99,750 Trondy Clothing, Inc. is a manufacturer of winter clothes. It has a nitting department and a tinishing department. This exercise focuses on the finishing department loc materials are added at the end of the proco. Conversion costs ate added evenly during the pros Suppose that Trendy uses the FIFO method. The following information for June 2017 is available the icon to the normation Read the tuitement tons) Costs Materials Costs 95 175 Work in prog Transforming porod Tu contor Caminando during current period Fromboring work in Standard Work in processending hccount okonca penod 20 Help Me Solve This e Text Pages Get More Help Clear Check And Requirements ata Table 1. What is the percentage of completion for transformed in and directe beginning work in process inventory and water connect material in onding work in process inventory 2. For each cost colegory compute quent units in the finden Showca in first column of your schedule 3. For each costogory, mon cous for October 2011 ce the copertunt, dassion costs to its completed and trained budounending work in 4. Prepare your entries for October to the bly department dient and to the techno primers to the Good Physical Units Train Durat Can Car Seats Costa M Cat Work process October 5500 Teed in dung Odober 2017 > Comodin October 2017 2900 Work in proces, 100 Toaded during 2017 3828.000.000 of compro convenios Degree of componente de como Pent Done Print Done omework Homework: Chapter 17 Gary mature in start. Each car pagh the asseny department and long department. This problem focuses on the lasting department Direct meals are and well the longest procession compte Conversions are added evenly during the ting manis process. As work in assembly is completed, cach untis immediately transferred 10 A conti come gimmediated to Finished Goods Gatie Company is the weed average method of process conting Data for the testing department for October 2017 shows Requirement. When the percentage of common or a rendered in case and direct materials in begring work procese inventory and (b) transferon costs and direct materials in ording who? Transferred in costs Det materials Browy boy 1. Calculate equivalent units of work done in the current period (for transferred-in costs, direct materials, and conversion costs) to complete beginning work in process, to start and complete new units, and to produce ending work in process. 2. Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. 3. Assign costs to units completed (and transferred out) and to units in ending work in process A 1 B C D E Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs 95 S 70,500 $ os 38,000 100% 0% 40% 175 2 Work in process, beginning inventory (June 1) 3 Degree of completion, beginning work in process 4 Transferred-in during June 5 Completed and transferred out during June 6 Work in process, ending inventory (June 30) 7 Degree of completion, ending work in process 8 Total costs added during June 190 80 100% 0% 75% $ 180.500 5 42.750 $ 99,750 Trondy Clothing, Inc. is a manufacturer of winter clothes. It has a nitting department and a tinishing department. This exercise focuses on the finishing department loc materials are added at the end of the proco. Conversion costs ate added evenly during the pros Suppose that Trendy uses the FIFO method. The following information for June 2017 is available the icon to the normation Read the tuitement tons) Costs Materials Costs 95 175 Work in prog Transforming porod Tu contor Caminando during current period Fromboring work in Standard Work in processending hccount okonca penod 20 Help Me Solve This e Text Pages Get More Help Clear Check And

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

Step: 3

blur-text-image

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren

3rd Edition

0131800345, 978-0131800342

More Books

Students also viewed these Accounting questions

Question

I dont trust that theyll keep my complaint confi dential.

Answered: 1 week ago