to decimal places 1. Cheruption for the Crushing Department 2. PT the Crushing Departmeu Carry the (A) Computevaleat computer per equivalent and prepare a con dection report for normally lost waits (Obj. 2. 3. 4. 5). Theo Cosa press counting system. On April the firm had 2.000 All materials had been added to this beginning inventory, but labor and overbond process in the Practionating Department, the second of three producing depanmen only 10 percent complete Costs applicable to the beginning work in process inventory Follow: $41,800 7.580 11,424 8.880 Transferred in prior department costs Materials Labor Overhead with total prior department costs of $648,086, Also, during April, additional costs were in During the month of April, an additional 30,000 units were transferred into the department curred in the department as follows: Materials Labor Overhead $113,741 288,234 224,919 A total of 30,270 units were transferred out to the third department during the month, 1,350 units were still in production at the end of the month and 380 units were lost in production They were considered normal spoilage. All materials had been added to the ending work in process inventory, but labor and overhead were only 80 percent complete, Instructions 1. Compute the equivalent production units. 2. Prepare a cost of production report for the Fractionating Department. Show an adjust. ment of transferred in prior department costs for lost units. Assume the lost units occur at the beginning of production in the department and that all lost units came from the work transferred into the department during April. (14.4A) Compute equivalent units of production, compute cost per equivalent unit; compare FIFO and average cost methods. (Objs. 2,3,6). The Cracking Department of Madison Manufacturing Company is the last production department. On June 1, 3,000 units of prod uct were in process and were 30 percent complete as to labor. The labor cost in the beginning inventory was $1,575. During the month of June, 7,000 units were transferred in from the prior department. Labor costs incurred in June in the Cracking Department were $11,200 On June 30, 2,500 units of product were in process. The unit 60 Clipboard Font Alignment N156 X E F G H A B D 54 Problem 14-3 55 56 Fractioning Departments 57 Equivalent Production Computation 58 April 59 Materials units % 60 Beginning WIP 61 Started and completed 62 Ending Wip 63 EU for Materials 64 total EU $ s $ %% total EU $ S $ S 65 Labor and OH units 66 Beginning WIP 67 Started and Completed 68 Ending Wip 69 EU for Labor and Overhead 70 71 72 Fractioning Department 73 Cost of Production Report 74 April 75 16 Cat Codes Exercises Problems Accessibility: Good to go Type here to search EP units unit cost ot g ac AutoSave On CH 14 HW worksheet. Uplond Bloc Home Insert Page Layout Formulas Review View Developer Help General Calibri NAA BTU - - A. A 29 Wrap Text Merge & Center - Paste $ - % Clipboard Font Alignment Num N156 > D H 76 Cost Schedule 77. Costs to be Accounted for 78 Beginning inventory WIP 79 Costs charged in current month B0 Costs added in current month 81 Transferred in 82 adjustment for lost units 88 adjusted prior dept costs 84 Costs added in current dept 85 Materials 86 Labor 67 OH 88 total costs added in current dept 89 Total costs to be accounted for 90 91 Costs Accounted for 92 Transferred out From Beginning WIP 93 Beginning inventory 94 Materials 95 Labor 56 OH 97 total costs from Beg WIP Cadith Problems 23 Atty. Good to Type here to search BR E ad ER F1 F2 F5 F4 z F6 78 IS File Home Insert Page Layout Formulas Data Review X Calibri -11AA 25 Wia HD | Paste BIU A- Mer Clipboard Font Alignment N156 X f E F A B D 96 OH 97 total costs from Beg WIP 98 Goods started and completed in month 99 total cost of goods transferred out 100 101 Work in Process-ending 102 Costs in prior dept 103 Costs in current dept 104 Materials 105 Labor 106 OH 107 total wip 108 109 total costs accounted for 110 Problem 14-5 111 Molding Departments 112 Equivalent Production Computation 113 April 114 Materials, Labor and OH 115 Beginning WIP 116 Started and completed 117 110 Exercises Problems Accessibly Good to 99 HE Type here to search O