Sunshine Sports produces basketballs in two departments: cutting and stitching. Each department has one direct-cost category (direct materials) and one indirect-cost category (conversion costs). This problem focuses on the stitching department The following is a summary of the March 2020 operations of the stitching department (Click the icon to view the information) Costs Materials Conversion Costs Requirement 1. Summarize total stitching department costs for March 2020 and assign these costs to units completed (and transferred out) and to units in ending work-in-process inventory Begin by completing the following table to summarize the physical and equivalent units. (For amounts with a zero balance, make sure to enter "O' in the appropriate coll) Equivalent Units Physical Transferred-In Direct Units Work in process, beginning 50,000 Transferred-in during current period 70,000 To account for Completed and transferred out during current period: From beginning work in process 50,000 Started and completed Work in process, ending 20.000 Accounted for Equivalent units of work done in current period Next summarize the total costs to account for. (For amounts with a zero balance, make sure to enter "o" in the appropriate coll.) Transferred in Conversion Costs Materials Costs Direct Total Production Costs Total costs to account for Calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. (Round your answers to the nearest Sunshine Sports produces basketballs in two departments: cutting The following is a summary of the March 2020 operations of the Total Production Costs Transferred in Costs Direct Materials Conversion Costs Total costs to account for Calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. (Round your answers to the nearest cent.) Transferred-in Direct Conversion Costs Materials Costs Divide by Cost per equivalent unit 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. (For amounts with a zero balance, make sure to enter "o" in the appropriate cell.) Total Transferred-In Direct Conversion Production Costs Costs Materials Costs Completed and transferred out: Total from beginning inventory Total costs of units completed and transferred out Total costs accounted for Requirement 2. Prepare journal entries for March transfers from the cutting department to the stitching donartment and from the stitching e processo dane indirectory Converse the icon to view Sunshine More info 2000 www Artigbarely to get Dremelsewhere. Com readed mig helyferred to Finished Sunne forte the method Weighted average assignment of costs Data table Die Transferred Costa Conversion Cests Total Production Costa Assignment costs Codes 315.000 Ending wordpre 40.000 Tualcoscoot 3.000 Paramedi Dec Cure Das Costs co 50.000 000000 00 24 Beginning work in March Degree of com, being 225.000 $ 45,000 45.000 270,000 $40.0001 0.000 4000 1.00 soon redio March 2008 Comanded out on March 2020 ring work in process, March Degre continuing work in process ring Mantha M000 0000 30 000 Print Done ON 0.0000 1 210.000 10.000 otal from being or Print Done comed andre out ment. Prepares for charmanto the grand from the ground to Frihed Goode contrattendur by recording the action recept the wing depart Journal Entry EN
