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Walton Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department.
Walton Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at Walton has a single direct-cost category (direct materials) and a single indirect cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. Walton uses the FIFO method of process costing. Consider the following data for the assembly department in April 2014: (Click the icon to view the data.) E(Click the icon to view the total costs assigned under the weighted average method.)
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