Required information IThe following information applies to the questions display
ID: 2333297 • Letter: R
Question
Required information IThe following information applies to the questions displayed below The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Percent of Direct Materials Added Percent of Conversion Assembly Department Beginning work in process Units transferred out Ending work in process Units 2,000 9,000 3,000 60% 1008 800 40% 1008 308 Beginning work in process $1,581 (includes $996 for direct materials inventory-Assembly dept and $585 for conversion) Costs added during the months Direct materials Conversion $10,404 12,285Explanation / Answer
Units
Reconciliation of Units
A
Opening WIP
2,000
B
Introduced
10,000
C=A+B
TOTAL
12,000
D
Transferred
9,000
E=C-D
Closing WIP
3,000
Statement of Equivalent Units
Material
Conversion Cost
Units
Complete %
Equivalent units
Complete %
Equivalent units
Transferred
9,000
100%
9,000
100%
9,000
Closing WIP
3,000
80%
2,400
30%
900
Total
12,000
Total
11,400
Total
9,900
Cost per Equivalent Units
COST
Material
Conversion Cost
TOTAL
Beginning WIP Inventory Cost
$ 996.00
$ 585.00
$ 1,581.00
Cost incurred during period
$ 10,404.00
$ 12,285.00
$ 22,689.00
Total Cost to be accounted for
$ 11,400.00
$ 12,870.00
$ 24,270.00
Total Equivalent Units
11,400
9,900
Cost per Equivalent Units
$ 1.0000
$ 1.3000
Statement of cost
Cost
Equivalent Cost/unit
Ending WIP
Transferred
Units
Cost Allocated
Units
Cost Allocated
Material
$ 1.00
2,400
$ 2,400.00
9,000
$ 9,000.00
Conversion Cost
$ 1.30
900
$ 1,170.00
9,000
$ 11,700.00
TOTAL
$ 24,270.00
TOTAL
$ 3,570.00
TOTAL
$ 20,700.00
Complete Answer in provided Format
CARLBERG COMPANY
Weighted Average Method
Cost of Units Transferred out
Direct Material
$ 9,000.00
Conversion
$ 11,700.00
Total Cost Transferred Out
$ 20,700.00
Cost of Ending Work in Process
Direct Material
$ 2,400.00
Conversion
$ 1,170.00
Total Cost of Ending Work in Process
$ 3,570.00
Total Cost Assigned
$ 24,270.00
All workings are part of the answer
Units
Reconciliation of Units
A
Opening WIP
2,000
B
Introduced
10,000
C=A+B
TOTAL
12,000
D
Transferred
9,000
E=C-D
Closing WIP
3,000
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