Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,000 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 3,000 12,000 Percent Complete for Percent Direct Materials 60% Complete for Conversion 40%
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 12,000
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
12,000
10,000
5,000
Percent
Complete for
Direct
Materials
60%
$ 1,455
1,105
19,920
20,045
85%
Percent
Complete for
Conversion
40%
$ 2,560
39,965
35%
Required:
Calculate the Assembly department's equivalent units of production for materials and for conversion for November. Use the weighted
average method.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb6c4b175-257a-4edc-8f29-69d036c65aed%2Fec1823a1-283f-43ac-84da-9b1bdd59984e%2F2nqjblm_processed.jpeg&w=3840&q=75)
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