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T - account table [ [ Work in Process Inventory - Plating ] , [ March 1 balance, 3 4 , 4 0 0
Taccount tableWork in Process InventoryPlatingMarch balance,Transferredin from Shaping,Direct materials,Direct labor,Manufacturing overhead, Additional data The direct materials rubber pads are added at the end of the plating process. Conversion costs are incurred evenly throughout the process. Work in process of the Plating Department on March consisted of racks. The $ beginning balance of Work in ProcessPlating includes $ of transferredin cost and $ of conversion cost. During March, racks were transferred in from the Shaping Department. The Plating Department transferred racks to Finished Goods Inventory in March, and were still in process on March This ending inventory was of the way through the plating process. Requirement Fill in the time line for the Plating Department. Complete all input fields. tableStartComplete,, Equivalent Unit Computations WeightedAverage Month Ended March tableFlow ofEquivalent UnitsPhysical,TransferredDirect,ConversionFlow of Production,Units,inMaterials,Costs Units accounted for: Total equivalent units Now we will begin the production cost report by completing the first half of the report. Compute the cost per equivalent unit. For entries input fields. Plating Department Cost per Equivalent Unit WeightedAverage Month Ended March Complete the March production cost report by assigning the costs to units completed and transferred out and to ending inventory. Enter quantities first, then the cost per equivalent unit amount the same order as calculated in the preceding step. For entries with a zero balance, make sure to enter in the appropriate input fields. Plating Department Month Ended March Assigning Costs tableTransferredDirect,ConversionCompleted and transferred out:,inMaterials,Costs indeted and transferred out: Ending work in process: Total costs accounted for Road Trip manufactures auto roof racks in a twostage process that includes shaping and plating. Steel alloy is the basic raw material of the shaping process. The steel is mol Requirement Journalize all transactions affecting the Plating Department during March, including the entries that have already been posted. Assume the wages are unpaid. Record the journal entry for the cost of the units transferred in from the Shaping Department. Record debits first, then credits. Exclude explanations from any journal entries. tableJournal EntryDateAccounts,Debit,Credit Record the direct materials, direct labor, and manufacturing overhead to the Plating Department. Prepare the journal entry to record the cost of units completed and transferred out. tableJournal EntryDateAccounts,Debit,Credit
Taccount
tableWork in Process InventoryPlatingMarch balance,Transferredin from Shaping,Direct materials,Direct labor,Manufacturing overhead,
Additional data
The direct materials rubber pads are added at the end of the plating process. Conversion costs are incurred evenly throughout the process. Work in process of the Plating Department on March consisted of racks. The $ beginning balance of Work in ProcessPlating includes $ of transferredin cost and $ of conversion cost. During March, racks were transferred in from the Shaping Department. The Plating Department transferred racks to Finished Goods Inventory in March, and were still in process on March This ending inventory was of the way through the plating process.
Requirement Fill in the time line for the Plating Department. Complete all input fields.
tableStartComplete,,
Equivalent Unit Computations WeightedAverage
Month Ended March
tableFlow ofEquivalent UnitsPhysical,TransferredDirect,ConversionFlow of Production,Units,inMaterials,Costs
Units accounted for:
Total equivalent units
Now we will begin the production cost report by completing the first half of the report. Compute the cost per equivalent unit. For entries input fields.
Plating Department
Cost per Equivalent Unit WeightedAverage
Month Ended March
Complete the March production cost report by assigning the costs to units completed and transferred out and to ending inventory. Enter quantities first, then the cost per equivalent unit amount the same order as calculated in the preceding step. For entries with a zero balance, make sure to enter in the appropriate input fields.
Plating Department
Month Ended March
Assigning Costs
tableTransferredDirect,ConversionCompleted and transferred out:,inMaterials,Costs
indeted and transferred out:
Ending work in process:
Total costs accounted for
Road Trip manufactures auto roof racks in a twostage process that includes shaping and plating. Steel alloy is the basic raw material of the shaping process. The steel is mol
Requirement Journalize all transactions affecting the Plating Department during March, including the entries that have already been posted. Assume the wages are unpaid.
Record the journal entry for the cost of the units transferred in from the Shaping Department. Record debits first, then credits. Exclude explanations from any journal entries.
tableJournal EntryDateAccounts,Debit,Credit
Record the direct materials, direct labor, and manufacturing overhead to the Plating Department.
Prepare the journal entry to record the cost of units completed and transferred out.
tableJournal EntryDateAccounts,Debit,Credit
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