Required Information [The following information applies to the questions displayed below] The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion Units 2,000 9,000 3,000 Total Units started and completed Ending work in process inventory-units $1,581 (includes $996 for direct materials and $585 for conversion) $ 10,404 $ 12,285 Complete this question by entering your answers in the tabs below. Percent of Direct Materials Added 60% 100% 80% Required: Calculate the assembly department's equivalent units of production for materials and for conversion for November. Use the FIFO method. Materials Conversion Calculate the assembly department's equivalent units of production for materials for November. Use the FIFO method. Equivalent units of production (EUP)-FIFO method Units % Materials 100% 80% 3.000 Materials EUP Percent of Conversion 7,500 2,400 40% 100% 30% Conversion >
Required Information [The following information applies to the questions displayed below] The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process Beginning work in process inventory-Assembly dept Costs added during the month: Direct materials Conversion Units 2,000 9,000 3,000 Total Units started and completed Ending work in process inventory-units $1,581 (includes $996 for direct materials and $585 for conversion) $ 10,404 $ 12,285 Complete this question by entering your answers in the tabs below. Percent of Direct Materials Added 60% 100% 80% Required: Calculate the assembly department's equivalent units of production for materials and for conversion for November. Use the FIFO method. Materials Conversion Calculate the assembly department's equivalent units of production for materials for November. Use the FIFO method. Equivalent units of production (EUP)-FIFO method Units % Materials 100% 80% 3.000 Materials EUP Percent of Conversion 7,500 2,400 40% 100% 30% Conversion >
Chapter1: Financial Statements And Business Decisions
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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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![Required Information
[The following information applies to the questions displayed below]
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started
10,000 units during November. The following production activity unit and cost information refers to the assembly
department's November production activities.
Assembly Department
Beginning work in process
Units transferred out
Ending work in process
Beginning work in process
inventory-Assembly dept
Costs added during the month:
Direct materials
Conversion
Units
2,000
9,000
3,000
Total
Units started and completed
Ending work in process inventory-units
$1,581 (includes $996 for direct materials
and $585 for conversion)
$ 10,404
$ 12,285
Required:
Calculate the assembly department's equivalent units of production for materials and for conversion for November. Use the FIFO
method.
Complete this question by entering your answers in the tabs below.
Percent of Direct
Materials Added
60%
100%
80%
Materials Conversion
Calculate the assembly department's equivalent units of production for materials for November. Use the FIFO method.
Equivalent units of production (EUP)-FIFO method
Units
% Materials
100%
80%
3.000
Materials
EUP
Percent of
Conversion
40%
100%
30%
7,500
2,400
Conversion >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fccf7b549-0de9-4878-8e24-ed5bff2e8698%2Fb9f9da98-5995-4027-9825-cca8efdefcd0%2Fxbon3o7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required Information
[The following information applies to the questions displayed below]
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started
10,000 units during November. The following production activity unit and cost information refers to the assembly
department's November production activities.
Assembly Department
Beginning work in process
Units transferred out
Ending work in process
Beginning work in process
inventory-Assembly dept
Costs added during the month:
Direct materials
Conversion
Units
2,000
9,000
3,000
Total
Units started and completed
Ending work in process inventory-units
$1,581 (includes $996 for direct materials
and $585 for conversion)
$ 10,404
$ 12,285
Required:
Calculate the assembly department's equivalent units of production for materials and for conversion for November. Use the FIFO
method.
Complete this question by entering your answers in the tabs below.
Percent of Direct
Materials Added
60%
100%
80%
Materials Conversion
Calculate the assembly department's equivalent units of production for materials for November. Use the FIFO method.
Equivalent units of production (EUP)-FIFO method
Units
% Materials
100%
80%
3.000
Materials
EUP
Percent of
Conversion
40%
100%
30%
7,500
2,400
Conversion >
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