Work in Process InventoryPlating
March 1 balance	35,350
Transferred-in from Shaping	43,200
Direct materials	25,200
Direct labour	22,000
Manufacturing overhead	35,500

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 $35,350 beginning balance of Work in Processlong dashPlating includes $21,600 of transferred-in cost and $13,750 of conversion cost. During March, 2,400 racks were transferred in from the Shaping Department. The Plating Department transferred 2,100 racks to finished goods inventory in March and 1,500 were still in process on March 31. This ending inventory was 50% of the way through the plating process.

ip Surge Protectors
Assembly Department
Flow of Physical Units and Computation of Equivalent Units
	Flow of	Equivalent Units
	Physical	Direct	Conversion
Flow of Production	Units	Materials	Costs

Start		?% Completed	?% Completed

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.)

Classic Accessories
Plating Department
Equivalent Unit Computations (Weighted-Average)
	Flow of	Equivalent Units
	Physical	Transferred-	Direct	Conversion
Flow of Production	Units	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 zero balance, make sure to enter "0" in the appropriate column.)

Classic Accessories
Plating Department
Production Cost Report (Weighted-Average)
	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). Round your answers to the nearest whole dollar.)

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). Round your answers to the nearest whole dollar.)

Classic Accessories
Plating Department
Production Cost Report (Weighted-Average Method)
		Transferred-		Direct				Conversion			Total
		in		Materials				Costs			Costs

	Save Accounting Table...			+
	Copy to Clipboard...			+

Assignment of total costs:

x (

+

+

)

x

x

x

Total cost accounted for

Requirement 3. Journalize all transactions affecting the Plating Department during March, including the entries that have already been posted.

Record the journal entry for the cost of the units transferred in from the Shaping Department. (Record debits first, then credits. Explanations are not required.)

Journal Entry
Date		Accounts	Debit	Credit

Record the direct materials, direct labour, and manufacturing overhead assigned 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