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Chateaufort Craft (CC) makes three models of sea kayaks: CC-100, CC-200, and CC-500. CC manufactures the boats in two departments: Department A (Assembly) and Department B (Finishing). All three models are processed initially in Department A, where all material is assembled. The CC-100 model is then transferred to finished goods. After processing in Department A, the CC-200 and CC-500 models are transferred to Department B for final detailing, and then transferred to finished goods. There were no beginning work-in-process inventories on September 1. Data for September are shown in the following table. Ending work in process is 40 percent complete in Department A and 25 percent complete in Department B. Conversion costs are allocated based on the number of equivalent units processed in each department. Total CC-100 CC-200 CC-500 Units started 900 570 555 Units completed in Department A Units completed in Department B 735 458 432 400 330 Materials Conversion costs: Assembly Department (A) $ 910,650 $ 144,000 $ 239,400 $527,250 Finishing Department (B) Total conversion costs Required: $464,100 115,500 $579,600 a. What is the unit cost of each model transferred to finished goods in September? b. What is the balance of work-in-process inventory on September 30 for Department A? Department B? Required A Required B What is the unit cost of each model transferred to finished goods in September? Note: Round your answers to the nearest whole dollar. Product Unit Cost CC-100 CC-200 CC-500 Complete this question by entering your answers in the tabs below. Required A Required B What is the balance of work-in-process inventory on September 30 for Department A? Department B? Note: Round your answers to the nearest whole dollar. Balance of work-in-process ending inventory Department A Department B

Chateaufort Craft (CC) makes three models of sea kayaks: CC-100, CC-200, and CC-500. CC manufactures the boats in two departments: Department A (Assembly) and Department B (Finishing). All three models are processed initially in Department A, where all material is assembled. The CC-100 model is then transferred to finished goods. After processing in Department A, the CC-200 and CC-500 models are transferred to Department B for final detailing, and then transferred to finished goods. There were no beginning work-in-process inventories on September 1. Data for September are shown in the following table. Ending work in process is 40 percent complete in Department A and 25 percent complete in Department B. Conversion costs are allocated based on the number of equivalent units processed in each department. Total CC-100 CC-200 CC-500 Units started 900 570 555 Units completed in Department A Units completed in Department B 735 458 432 400 330 Materials Conversion costs: Assembly Department (A) $ 910,650 $ 144,000 $ 239,400 $527,250 Finishing Department (B) Total conversion costs Required: $464,100 115,500 $579,600 a. What is the unit cost of each model transferred to finished goods in September? b. What is the balance of work-in-process inventory on September 30 for Department A? Department B? Required A Required B What is the unit cost of each model transferred to finished goods in September? Note: Round your answers to the nearest whole dollar. Product Unit Cost CC-100 CC-200 CC-500 Complete this question by entering your answers in the tabs below. Required A Required B What is the balance of work-in-process inventory on September 30 for Department A? Department B? Note: Round your answers to the nearest whole dollar. Balance of work-in-process ending inventory Department A Department B

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Chateaufort Craft (CC) makes three models of sea kayaks: CC-100, CC-200, and CC-500. CC manufactures the boats in two departments: Department A (Assembly) and Department B (Finishing). All three models are processed initially in Department A, where all material is assembled. The CC-100 model is then transferred to finished goods. After processing in Department A, the CC-200 and CC-500 models are transferred to Department B for final detailing, and then transferred to finished goods. There were no beginning work-in-process inventories on September 1. Data for September are shown in the following table. Ending work in process is 40 percent complete in Department A and 25 percent complete in Department B. Conversion costs are allocated based on the number of equivalent units processed in each department. Total CC-100 CC-200 CC-500 Units started 900 570 555 Units completed in Department A Units completed in Department B 735 458 432 400 330 Materials Conversion costs: Assembly Department (A) $ 910,650 $ 144,000 $ 239,400 $527,250 Finishing Department (B) Total conversion costs Required: $464,100 115,500 $579,600 a. What is the unit cost of each model transferred to finished goods in September? b. What is the balance of work-in-process inventory on September 30 for Department A? Department B? Required A Required B What is the unit cost of each model transferred to finished goods in September? Note: Round your answers to the nearest whole dollar. Product Unit Cost CC-100 CC-200 CC-500 <Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B What is the balance of work-in-process inventory on September 30 for Department A? Department B? Note: Round your answers to the nearest whole dollar. Balance of work-in-process ending inventory Department A Department B
Transcribed Image Text:Chateaufort Craft (CC) makes three models of sea kayaks: CC-100, CC-200, and CC-500. CC manufactures the boats in two departments: Department A (Assembly) and Department B (Finishing). All three models are processed initially in Department A, where all material is assembled. The CC-100 model is then transferred to finished goods. After processing in Department A, the CC-200 and CC-500 models are transferred to Department B for final detailing, and then transferred to finished goods. There were no beginning work-in-process inventories on September 1. Data for September are shown in the following table. Ending work in process is 40 percent complete in Department A and 25 percent complete in Department B. Conversion costs are allocated based on the number of equivalent units processed in each department. Total CC-100 CC-200 CC-500 Units started 900 570 555 Units completed in Department A Units completed in Department B 735 458 432 400 330 Materials Conversion costs: Assembly Department (A) $ 910,650 $ 144,000 $ 239,400 $527,250 Finishing Department (B) Total conversion costs Required: $464,100 115,500 $579,600 a. What is the unit cost of each model transferred to finished goods in September? b. What is the balance of work-in-process inventory on September 30 for Department A? Department B? Required A Required B What is the unit cost of each model transferred to finished goods in September? Note: Round your answers to the nearest whole dollar. Product Unit Cost CC-100 CC-200 CC-500 <Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B What is the balance of work-in-process inventory on September 30 for Department A? Department B? Note: Round your answers to the nearest whole dollar. Balance of work-in-process ending inventory Department A Department B
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