Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

[The following information applies to the questions displayed below. Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,900 units during

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
[The following information applies to the questions displayed below. Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,900 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Ansembly Department Beginning work in process Units transferred out Ending work in process Units 3,000 10,000 4,900 Percent of Direct Materials 700 100 Percent of Conversion 300 1000 808 304 $2,252 (consists of $1,509 for direct materials and $743 for conversion) Beginning work in process inventory-Assembly dept Coats added during the month: Direct materials Conversion $ 12,411 $ 22,197 Required: Calculate the assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the weighted-average method. Choose Numerator Costs to be allocated Cost per equivalent unit of production Choose Denominator Equivalent units of production Cost per equivalent unit of production 13,9201 13,920 5 11.900 11,470 $ 1.04 Direct Materials $ 1.00 Conversion $ Required: Assign costs to the assembly department's output-specifically, the units transferred out to the painting department and the units that remain in process in the assembly department at month-end. Use the weighted-average method. (Do not round Intermediate calculations.) Answer is complete but not entirely correct. CARLBERG COMPANY Weighted average method Costs of units transferred out Direct materials $ 10,000 Conversion 15,000 Total cost transferred out $ 25,000 Conts of ending work in process Direct materials 3,920 Conversion 2,205 Total costs of ending work in 6,125 process Total costs assigned $ 31,125 Required: Prepare the November 30 journal entry to record the transfer of costs from the assembly department to the painting department Use the weighted-average method. View transaction list Journal entry worksheet Journal entry worksheet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing The Art And Science Of Assurance Engagements

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser-Hogeterp

11th Edition

0132088061, 978-0132088060

More Books

Students also viewed these Accounting questions