E3-20 (Algo) Reconcile the Total Cost of Work in Process [LO 3-4] Required: 1. Reconcile the total Cost to Account for the process. 2. Prepare a statement of total cost accounted for the process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Reconcile the total cost to account for the process.

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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Required information
SB (Algo) Calculating Physical Units, Equivalent Units and Cost per Equivalent Unit for a Subsequent
Department
[The following information applies to the questions displayed below.]
Stem Games manufactures playing cards. It has three departments: Printing, Cutting & Collating, and Wrapping.
Transferred-in costs are considered materials costs. The following information is available for the Wrapping department for
the month of October:
Beginning work in process
(100% complete for materials, 80% complete for conversion)
Decks transferred in
Decks completed and transferred to Finished Goods Inventory
Ending Work in Process
(100% complete for materials, 45% complete for conversion
Beginning work in process:
Direct materials
Conversion cost
Costs transferred in
October costs:
Direct materials
Conversion costs
Costs:
202,000
21,200
$1,565,085
Required:
$
$
$
$
E3-20 (Algo) Reconcile the Total Cost of Work in Process [LO 3-4]
24,800
785,278
< Prev
8
14 of 15
⠀⠀
Physical
Units
283,500
3,230,000
3,235,000
Next >
Transcribed Image Text:Required information SB (Algo) Calculating Physical Units, Equivalent Units and Cost per Equivalent Unit for a Subsequent Department [The following information applies to the questions displayed below.] Stem Games manufactures playing cards. It has three departments: Printing, Cutting & Collating, and Wrapping. Transferred-in costs are considered materials costs. The following information is available for the Wrapping department for the month of October: Beginning work in process (100% complete for materials, 80% complete for conversion) Decks transferred in Decks completed and transferred to Finished Goods Inventory Ending Work in Process (100% complete for materials, 45% complete for conversion Beginning work in process: Direct materials Conversion cost Costs transferred in October costs: Direct materials Conversion costs Costs: 202,000 21,200 $1,565,085 Required: $ $ $ $ E3-20 (Algo) Reconcile the Total Cost of Work in Process [LO 3-4] 24,800 785,278 < Prev 8 14 of 15 ⠀⠀ Physical Units 283,500 3,230,000 3,235,000 Next >
E3-20 (Algo) Reconcile the Total Cost of Work in Process [LO 3-4]
Required:
1. Reconcile the total Cost to Account for the process.
2. Prepare a statement of total cost accounted for the process.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Reconcile the total cost to account for the process.
Direct
Materials
Cost to Account for:
Prior Period Costs
Current Period Costs
Total Cost to Account For
Required 1
S
Required 2
Conversion Total Cost
0$
E3-20 (Algo) Reconcile the Total Cost of Work in Process [LO 3-4]
Required:
1. Reconcile the total Cost to Account for the process.
2. Prepare a statement of total cost accounted for the process.
Cost to Account for:
Units Completed
Ending Inventory
Total Cost Accounted for:
$
Required 1
Complete this question by entering your answers in the tabs below.
Prepare a statement of total cost accounted for the process.
Direct
Materials
0 $
0 $
Conversion
< Required 1
Total Cost
0$
Required 2 >
0
Required 2 >
Transcribed Image Text:E3-20 (Algo) Reconcile the Total Cost of Work in Process [LO 3-4] Required: 1. Reconcile the total Cost to Account for the process. 2. Prepare a statement of total cost accounted for the process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Reconcile the total cost to account for the process. Direct Materials Cost to Account for: Prior Period Costs Current Period Costs Total Cost to Account For Required 1 S Required 2 Conversion Total Cost 0$ E3-20 (Algo) Reconcile the Total Cost of Work in Process [LO 3-4] Required: 1. Reconcile the total Cost to Account for the process. 2. Prepare a statement of total cost accounted for the process. Cost to Account for: Units Completed Ending Inventory Total Cost Accounted for: $ Required 1 Complete this question by entering your answers in the tabs below. Prepare a statement of total cost accounted for the process. Direct Materials 0 $ 0 $ Conversion < Required 1 Total Cost 0$ Required 2 > 0 Required 2 >
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