Mercier Manufacturing produces a plastic part in three sequential departments: Extruding, Fabricating, and Packaging. Mercier uses the weighted-average process costing method to account for costs of production in all three departments. The following information was obtained for the Fabricating Department for the month of September. Work in process on September 1 had 15,000 units made up of the following: Degree of Amount Completion Prior department costs transferred in from the Extruding Department Costs added by the Fabricating Department Direct materials Direct labor Manufacturing overhead Work in process, September 1 Direct materials Direct labor Manufacturing overhead Total costs added During September, 75,000 units were transferred in from the Extruding Department at a cost of $356,250. The Fabricating Department added the following costs: $ 214, 200 64,800 33,480 $ 312,480 Manufacturing overhead Direct materials 100% Direct labor 60 50 $ 75,750 $ 36,000 9,300 8,520 $ 53,820 $ 129,570 Fabricating finished 60,000 units and transferred them to the Packaging Department. At September 30, 30,000 units were still in work-in-process inventory. The degree of completion of work-in-process inventory at September 30 was as follows: Flow of Production Units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for: Units completed and transferred out: From beginning inventory Started and completed currently Units in ending WIP inventory Total units accounted for Costs to be accounted for: Costs in beginning WIP inventory 100% Required: a. Prepare a production cost report for September using the FIFO. Note: Round "Cost per equivalent unit" to 2 decimal places. 90% 70% 35% MERCIER MANUFACTURING Fabricating Department Production Cost Report-FIFO 0 Physical Total Units Costs Prior DepartmerMaterials Labor Costs 0 0 0 Manufactur Overhead 0

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Mercier Manufacturing produces a plastic part in three sequential departments: Extruding, Fabricating, and Packaging.
Mercier uses the weighted-average process costing method to account for costs of production in all three departments.
The following information was obtained for the Fabricating Department for the month of September.
Work in process on September 1 had 15,000 units made up of the following:
Degree of
Amount Completion
Prior department costs
transferred in from the
Extruding Department
Costs added by the Fabricating
Department
Direct materials
Direct labor
Manufacturing overhead
Work in process, September 1
Direct materials
Direct labor
Manufacturing
overhead
Total costs added
During September, 75,000 units were transferred in from the Extruding Department at a cost of $356,250. The
Fabricating Department added the following costs:
$
214, 200
64,800
33,480
$
312,480
Manufacturing
overhead
Direct materials. 100%
Direct labor
60
50
$ 75,750
$36,000
9,300
8,520
$ 53,820
$
129,570
Fabricating finished 60,000 units and transferred them to the Packaging Department.
At September 30, 30,000 units were still in work-in-process inventory. The degree of completion of work-in-process
inventory at September 30 was as follows:
Flow of Production Units
Units to be accounted for:
Beginning WIP inventory
Units started this period
Total units to be accounted for
Units accounted for:
Units completed and transferred out:
From beginning inventory
Started and completed currently
Units in ending WIP inventory
Total units accounted for
Costs to be accounted for:
Costs in beginning WIP inventory
Required:
a. Prepare a production cost report for September using the FIFO.
Note: Round "Cost per equivalent unit" to 2 decimal places.
100%
90%
70%
35%
MERCIER MANUFACTURING
Fabricating Department
Production Cost Report-FIFO
0
Physical Total
Units Costs
0
Prior
Departmer Materials Labor
Costs
0
0
Manufactur
Overhead
0
Transcribed Image Text:Mercier Manufacturing produces a plastic part in three sequential departments: Extruding, Fabricating, and Packaging. Mercier uses the weighted-average process costing method to account for costs of production in all three departments. The following information was obtained for the Fabricating Department for the month of September. Work in process on September 1 had 15,000 units made up of the following: Degree of Amount Completion Prior department costs transferred in from the Extruding Department Costs added by the Fabricating Department Direct materials Direct labor Manufacturing overhead Work in process, September 1 Direct materials Direct labor Manufacturing overhead Total costs added During September, 75,000 units were transferred in from the Extruding Department at a cost of $356,250. The Fabricating Department added the following costs: $ 214, 200 64,800 33,480 $ 312,480 Manufacturing overhead Direct materials. 100% Direct labor 60 50 $ 75,750 $36,000 9,300 8,520 $ 53,820 $ 129,570 Fabricating finished 60,000 units and transferred them to the Packaging Department. At September 30, 30,000 units were still in work-in-process inventory. The degree of completion of work-in-process inventory at September 30 was as follows: Flow of Production Units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for: Units completed and transferred out: From beginning inventory Started and completed currently Units in ending WIP inventory Total units accounted for Costs to be accounted for: Costs in beginning WIP inventory Required: a. Prepare a production cost report for September using the FIFO. Note: Round "Cost per equivalent unit" to 2 decimal places. 100% 90% 70% 35% MERCIER MANUFACTURING Fabricating Department Production Cost Report-FIFO 0 Physical Total Units Costs 0 Prior Departmer Materials Labor Costs 0 0 Manufactur Overhead 0
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