S

	Seacrest Company uses a process costing system. The company manufactures a product that is processed in two departments: A and B. As work is completed, it is transferred out. All inputs are added uniformly in Department A. The following summarizes the production activity and costs for November:
		Department A
	Beginning Inventories:
	Units in BWIP	5,000
	Costs of beginning WIP (BWIP)
	Direct materials	$10,000
	Conversion costs	$6,900
	Current production (in November):
	Units started	25,000
	Units transferred out	28,000
	Costs (in November):
	Direct materials	$57,800
	Conversion costs	$95,220
	Additional Cost information:
	Unit cost for Department A	$5.54
	Cost of EWIP	$8,870
	Cost to finish units	$16,632.60
	1. Using the FIFO method, complete a production report below for Department A. (7 points)
	Seacrest Company--Department A
	Production Report
	For the Month of November
	Units to account for:
	Units in BWIP	5,000
	Units started in November	25,000
	Total units to account for	30,000
	Units completed and transferred out:
	Started and completed	23,000
	From BWIP	5,000
	Units in EWIP
	Total units accounted for
	2. Using the FIFO method, complete a cost schedule for Department A. Hint: remember "Total costs to account for" and Total costs accounted for" ideally should equal exactly. In reality, due to rounding, it is often close but not exact. For this problem, the two values should be off by about $1. (8 points)
	Seacrest Company--Department A
	Cost Schedule
	For the Month of November
	Costs to account for:
	Costs of BWIP
	Costs incurred during November
	Total costs to account for
	Costs accounted for:
	From prior period (Costs of BWIP)
	From current period (Cost to finish units)
	Costs of units started and completed		Hint: number of units started and completed at what cost per unit?
	Costs of EWIP
	Total costs accounted for