- ? More info Work in Process InventoryPlating March 1 balance 30,480 Transferred-in from Shaping 36,000 Direct materials 24,200 Direct labor 21,732 Manufacturing overhead 35,388 - x More info 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 1 consisted of 1,200 racks. The $30,480 beginning balance of "Work in ProcessPlating" includes $18,000 of transferred-in cost and $12,480 of conversion cost. During March, 2.400 racks were transferred in from the Shaping Department. The Plating Department transferred 2,200 racks to Finished Goods Inventory in March, and 1,400 were still in process on March 31. This ending inventory was 50% of the way through the plating process. Print Done - Requirements 1. Fill in the time line for the Plating Department 2. Prepare the March production cost report for the Plating Department. 3. Journalize all transactions affecting the Plating Department during March, including the entries that have already been posted. Assume the wages are unpaid. Click Car Accessories manufactures auto roof racks in a two-stage process that includes shaping and plating. Steel alloy is the basic raw material of the shaping process. The steel is molded according to the design specifications of automobile manufacturers. The Plating Department then adds an anodized finish. At March 31, before recording the transfer of cost from the Plating Department to Finished Goods Inventory, the Car Accessories general ledger included the following account: (Click Read the Requirement 1. Fill in the time line for the Plating Department. (Complete all input fields.) Start Complete Complete Requirement 2. Prepare the March production cost report for the Plating Department. Before we can start the production cost report we must first compute the Plating Department's equivalent units. (For entries with a zero balance, make sure to enter "0" in the appropriate cell.) Plating Department Equivalent Unit Computations (Weighted-Average) Month Ended March 31 Flow of Equivalent Units Transferred- Direct Conversion Physical Units Flow of Production in Materials 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 with a $0 balance, make sure to enter "0" in the appropriate column.) Now we will begin the production cost report by completing the first half of the report. Compute the cost per equivalent unit. (For entries with a $0 balance, make sure to enter "0" in the appropriate column.) Plating Department Cost per Equivalent Unit (Weighted-Average) Month Ended March 31 Transferred- Direct Conversion in Materials Costs Total Cost per equivalent unit 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 amounts in the same order as calculated in the preceding step. For entries with a zero balance, make sure to enter "0" in the appropriate cell(s).) Plating Department Month Ended March 31 Assigning Costs Transferred Direct Conversion in Materials Costs Total Completed and transferred out: Ending work in process: Total costs accounted for Requirement 3. Journalize all transactions affecting the Plating Department during March, including the entries that have already been posted. Assume the wages are unpaid. Requirement 3. 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.) Journal Entry Date Accounts Debit Credit Record the direct materials, direct labor, and manufacturing overhead to the Plating Department Journal Entry Date Accounts Debit Credit Prepare the journal entry to record the cost of units completed and transferred out. Journal Entry Date Accounts Debit Credit