Required information [The following information applies to the questions displayed below] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,40 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 Costs added this period Total cos -Equivalent units of production production Units 1 2,500 10,400 9,500 3,400 Direct Materials 1 $ Percent Complete for Direct Materials 60% $1,161 1,911 1.44 17,424 20,349 Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November Use the weighted average method Cost per Equivalent Unit of Production 1,161 S 17424 18.505 $ 12.900 85% Conversion $ 2,192 37,773 Percent Complete for Conversion 40% 1.031 20.349 21.300 10.690 173 35%

Required information [The following information applies to the questions displayed below] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,40 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 Costs added this period Total cos -Equivalent units of production production Units 1 2,500 10,400 9,500 3,400 Direct Materials 1 $ Percent Complete for Direct Materials 60% $1,161 1,911 1.44 17,424 20,349 Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November Use the weighted average method Cost per Equivalent Unit of Production 1,161 S 17424 18.505 $ 12.900 85% Conversion $ 2,192 37,773 Percent Complete for Conversion 40% 1.031 20.349 21.300 10.690 173 35%

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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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Concept explainers

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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Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.

Required information
[The following information applies to the questions displayed below]
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,400
units during November. The following production activity in both units and costs refers to the Assembly department's
November activities.
Assembly Department
Seginning 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 waterials
Conversion
Cost per Equivalent Unit of Production
Costs of beginning work in process
Cants added this period
Total costs
Equivalent units of production
Cost per equivalent unit of production
Units
$
2,500
10,400
9,500
3,400
Direct Materials
1
S
1,161
17.424
18.505
12.900
Percent
Complete for
$ 1,161
1,931
17,424
20,349
Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the
weighted average method.
144 S
Percent
Direct Complete for
Materials
60%
S
85%
Conversion
$ 2,192
37,773
Conversion
40x
1.031
20,349
21.300
10.690
373
35%

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