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Score: 0 of 50 pts 1 of 2 (0 complete) HW Score: 0%, 0 of 100 pts P18A-37A (similar to) Question Help Creta Colors manufactures
Score: 0 of 50 pts 1 of 2 (0 complete) HW Score: 0%, 0 of 100 pts P18A-37A (similar to) Question Help Creta Colors manufactures crayons in a three-step process: mixing, molding, and packaging. (Click the icon to view the additional information.) At March 31, before recording the transfer of costs from the Mixing Department to the Molding Department, the Creta Colors general ledger included the following account: (Click the icon to view the account.) Read the requirements. Month Ended March 31 Data Table Equivalent Units More Info Physical Direct Conversion UNITS Units Materials Costs Work-in-Process Inventory-Mi Balance, Mar. 1 30,200 Units to account for: Beginning work-in-process 900 The Mixing Department combines the direct materials of paraffin wax and pigments. The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cool, the crayons are removed from the molds and are transferred to the Packaging Department, where paper wrappers are added and the crayons are boxed. Direct materials 41,600 Started in production 3200 Direct labor 23,180 4100 Manufacturing overhead 39,020 Total units to account for Print Done Units accounted for: In the Mixing Department, the direct materials are added at the beginning of the process and the conversion costs are incurred evenly throughout the process. Work in process of the Mixing Department on March 1, 2018, consisted of 900 batches of crayons that were 60% of the way through the production process. The beginning balance in Work-in-Process Inventory-Mixing was $30,200, which consisted of $10,700 in direct materials costs and $19,500 in conversion costs. During March, 3,200 batches were started in production. The Mixing Department transferred 2,600 batches to the Molding Department in March, and 1,500 were still in process on March 31. This ending inventory was 70% of the way through the mixing process. Creta Colors uses FIFO process costing. Beginning work-in-process 900 0 Started and completed 1700 1700 2600 1700 Transferred to Molding Department Ending work-in-process 1500 1500 1100 Print Done Total units accounted for 2200 Choose from any list or enter any number in the input fields and then click Check
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