Score: 0 of 12 Process Costing Save Berrian Company manufactures car seats in its Miami plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. Click the icon to view information about Berrian Company's process costing system.) Data for the assembly department for October 2017 are as follows: (Click the icon to view the assembly department data) (Click the icon to view the weighted average cost per equivalent unit data and total costs accounted for.) - X More Info Requirement 1. For each cost amounts with a 0 balance, mak f your schedule. (For The process costing system at Berrion Company has a single direct cost category (direct materials) and a single indirect cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly department finishes work on each car seat, it is immediately transferred to testing. Berrian Company uses the FIFO method of process costing. Flow of Prod Work in process beginning Started during current period Print Done To account for Completed and transferred out From beginning work in pro Started and completed Work in process, ending any's process costing Click the icon to view the weighted average cost pe and total costs accounted for.) Read the requirements. or each cd alance, Data Table - X your Flow of Pd eginning ent period Physical Units Direct Conversion (Car Seats) Materials Costs Work in process, October 10 6,000 $1,779,000 $585,000 Started during October 2017 23,500 Completed during October 2017 25,500 Work in process, October 31 4,000 Total costs added during October 2017 $4,888,000 $2,863,500 a Degree of completion: direct materials, ?%; conversion costs, 60%. Degree of completion: direct materials, ?%; conversion costs, 75%. nsferred a work in mpleted ending Print Done work don s g Reference X Direct Conversion Costs Costs incurred to date Materials $ 6,667,000 $ 29,500 3,448,500 28,500 Divide by equivalent units of work done to date $ 226 $ 121 Cost per equivalent unit for work done to date Total Direct Conversion Production Costs Materials Costs $ Completed and transferred out Work in process, ending 8,848,500 $ 1,267,000 5,763,000 $ 904,000 6,667,000 $ 3,085,500 363,000 3,448,500 10,115,500 $ Total costs accounted for Print Done f work done in current period only Read the revirements SEES Requirement 1. For each cost category, compute equivalent units in the assembly department Show physical units in the first column of your schedule. (For amounts with a 0 balance, make sure to enter "O" in the appropriate cell.) Equivalent Units Physical Units Direct Materials Conversion Costs Flow of Production Work in process beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for Equivalent units of work done in current period only Choose from any list or enter any number in the input fields and then click Check Answer Requirement 2. For each cost category, summarize total assembly department costs for October 2017 and calculate the cost per equivalent unit Begin by summarizing the total costs to account for Total Direct Conversion Production Costs Materials Costs Total costs to account for Next calculate cost per equivalent unit for direct materials and conversion costs. Conversion Direct Materials Costs Divide by Cost per equivalent unit for work done in current period fields and then click Check Answer Read the requirements Cost per equivalent unit for work done in current period Requirement 3. Assign total costs to units completed and transferred out and to units in ending work in process, Begin by calculating the total from beginning inventory, then calculate the total costs accounted for. (Abbreviation used: WIP - work in process. For amounts with a $0 balance, make sure to enter "0" in the appropriate coll.) Total Direct Conversion Production Costs Materials Costs Completed and transferred out: Total from beginning inventory Total costs of units completed and transferred out Total costs accounted for Godethanol A
