Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,300 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials. Conversion Units 3,000 10,300 10,000 3,300 Percent Complete for Percent Direct Materials 60% $ 896 1,800 13,008 14,685 80% Complete for Conversion 40% $ 2,696 27,693 Complete this question by entering your answers in the tabs below. 30% equired: Calculate the Assembly department's equivalent units of production for materials and for conversion for November. Use he weighted average method.
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
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Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly
department started 10,300 units during November. The following production activity in both units and
costs refers to the Assembly department's November activities.
Assembly Department
Beginning work in process inventory
Units started this period
Units completed and transferred out
Ending work in process inventory
Cost of beginning work in process
Direct materials
Total
Conversion
Costs added this month
Direct materials.
Conversion
Materials
Conversion
Units
3,000
10,300
10,000
3,300
Units
Percent
Complete for
Direct
Materials
60%
$ 896
1,800
Complete this question by entering your answers in the tabs below.
< Materials
13,008
14,685
Required:
Calculate the Assembly department's equivalent units of production for materials and for conversion for November. Use
the weighted average method.
Percent
Complete
Equivalent units of production: Weighted average method
Direct Materials
80%
Calculate the Assembly department's equivalent units of production for materials for November. Use the weighted average
method.
Percent
Complete for
Conversion
40%
$ 2,696
EUP
27,693
30%
Conversion >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1eaae1fc-ed33-449b-be0f-97d8c49ba64f%2F7d350d6d-eafd-476e-b660-9610b1e260ef%2Fnio4h4m_processed.png&w=3840&q=75)
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