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the yellow boxes need to be filled and blanks please! 1 3 The I See The Light Company has a related company that produces the

the yellow boxes need to be filled and blanks please!
13 The I See The Light Company has a related company that produces the figurines. They use process costing
14 in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars.
15 The material is added at the beginning of the process. The labor and overhead costs are assumed
19 to be added uniformly throughout.
Month of January
Selected information for January is presented below. Note that the applied overhead rate was 50% of direct labor costs in the molding department.
Molding Department
Goods in-process as of January 1 were 3,100 figurines at a cost of $51,925.00. Of this amount, $49,600.00 was from raw materials added, $1,550.00 for labor and $775.00 for overhead. These 3,100 figurines were assumed to be 25.00% complete as to labor and overhead.
During January, 21,500 units were started, $347,655.00 of materials and $39,850.00 of labor costs were incurred.
51
52 The 6,500 figurines that were in-process at the end of January were assumed to be 40.00% complete to
53 labor and overhead.
54
55 All figurines in January passed inspection.
MOLDING
Physical Flow of Units
Work-in-Process - Beginning
Units Started this Period
Units to Aceount for
Total transferred out
Work-in-Process - Ending
Total coounted for
\table[[,,,,,],[,,,,,],[,,,,,],[,,,,,],[,,,,,],[,,,,$,]]
\table[[,,,,,],[,,,,,],[,,,,,],[,,,,,],[Total cost of Material this period (Round to two places,,,,,,],[,,,,,],[,,,,,],[,,,,,]]
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