Question
using the information below: Titon Sports, which produces footballs, has two departments: cutting and stitching. Footballs that have undergone the cutting process are immediately transferred
using the information below:
Titon Sports, which produces footballs, has two departments: cutting and stitching. Footballs that have undergone the cutting process are immediately transferred to the stitching department. Direct material is added at the end of the stitching process. Conversion costs are added evenly during stitching operations. When those operations are done, the footballs are immediately transferred to Finished Goods.
The following is a summary of the March 2019 operations of the stitching department:
Physical Units | Transferred-in Costs | Direct Materials | Conversion Costs | |
Beginning work in process | 17,500 | $ 45,360 | $ 0 | $ 17,660 |
Degree of Completion | 100% | 0% | 60% | |
Transferred in during March 2019 | 56,000 | |||
Completed and transferred out during March 2019 | 52,000 | |||
Ending work in process | 21,500 | |||
Degree of Completion | 100% | 0% | 20% | |
Total costs added during March | $ 154,560 | $ 28,080 | $89,310 |
1.Suppose Titon Sports uses the weighted average method. What are the equivalent units for direct material costs during March
2.Suppose Titon Sports uses the weighted average method. What is the conversion cost per equivalent unit during March?
3.Suppose Titon Sports uses the weighted average method. What is the total cost assigned to the units completed and transferred out during March?
4.Suppose Titon Sports uses the weighted average method. What is the amount of conversion cost assigned to the ending work in process?
5.Suppose Titon Sports uses the FIFO method. What are the equivalent units for transferred-in costs during March?
6.Suppose Titon Sports uses the FIFO method. What is the direct material cost per equivalent unit during March?
7.Suppose Titon Sports uses the FIFO method. What is the total cost assigned to the ending work in process?
8.Suppose Titon Sports uses the FIFO method. What is the amount of conversion cost assigned to the units completed and transferred out during March?
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