Required information[The following information applies to the questions displayed below.]Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,800units during November. The following production activity in both units and costs refers to the Assembly department'sNovember activities.Assembly DepartmentUnitsBeginning work in process inventoryUnits started this period2,500DirectMaterials60%PercentComplete forPercentComplete forConversion40%11,800Units completed and transferred out9,500Ending work in process inventory4,80080%30%Cost of beginning work in processDirect materialsConversionCosts added this monthDirect materialsConversion$ 1,8162,003$ 3,81924,86425,34750,211Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use theFIFO method.

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Description: Required information[The following information applies to the questions displayed below.]Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,800units during November. The following production

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Required information [The following information applies to the questions displayed below.) Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,800 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Percent Complete for Assembly Department Units Direct Materials Percent Complete for Conversion Beginning work in process inventory 2,500 60% 40% Units started this period 11,800 Units completed and transferred out 9,500 Ending work in process inventory 4,800 80% 30% Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials $ 1,816 2,003 $ 3,819 24,864 Conversion 25,347 50,211 Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the FIFO method.

Required information [The following information applies to the questions displayed below.) Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,800 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Percent Complete for Assembly Department Units Direct Materials Percent Complete for Conversion Beginning work in process inventory 2,500 60% 40% Units started this period 11,800 Units completed and transferred out 9,500 Ending work in process inventory 4,800 80% 30% Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials $ 1,816 2,003 $ 3,819 24,864 Conversion 25,347 50,211 Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the FIFO method.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,300 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 Beginning work in process To complete beginning work in process Direct materials Conversion Started and completed Direct materials Conversion Completed and transferred out Ending work in process Direct materials Conversion Units 3,200 12,300 10, 200 5,300 Total costs accounted for Percent Complete for Direct Materials 75% $ 1,143 624 1,143 13,827 17,856 CARLBERG COMPANY Cost assignment-FIFO EUP Assign costs to the Assembly department's output-specifically, the units transferred…
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! Required information [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,800 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Units Direct Materials Percent Complete for Percent Complete for Conversion Beginning work in process inventory Units started this period 2,400 75% 25% 10,800 Units completed and transferred out 9,400 Ending work in process inventory 3,800 95% 35% Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion $ 2,479 487 $ 2,966 23,541 26,338 49,879 Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that remain in work in process in the Assembly department at month-end. Use the FIFO method. Note: Do…
Radford Products adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of January is available. Units started in January 892,000 Units completed in January 916,000 Work in process, January 1 (25% complete with respect to conversion) 97,000 Work in process, January 31 (40% complete with respect to conversion) 73,000. Compute the equivalent units for materials costs and for conversion costs using the FIFO method.
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,200 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 Cost per Equivalent Unit of Production Costs added this period Costs of beginning work in process Total costs + Equivalent units of production Cost per equivalent unit of production Units 3,000 12,200 10,000 5,200 Direct Materials $ Percent. Complete for Direct Materials 70% $ 1,484 804 12,936 16,926 85% Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the weighted average method. 1,484 1,484 $ $ 2,288…
[The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct Materials Conversion Units Beginning work in process inventory 71,000 Percent Complete 65% Percent Complete 35% Units started this period 377,000 Completed and transferred out 355,000 Ending work in process inventory 93,000 90% 40% Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Completed and transferred out Ending work in process Total Equivalent units of production: Weighted average method Direct Materials Conversion Units Percent Complete EUP Percent Complete EUP 355,000 93,000 448,000
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Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,900 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 2,500 60% Percent Complete for Direct Materials Percent Complete for Conversion 40% 10,900 Units completed and transferred out Ending work in process inventory 9,500 3,900 80% 30% Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion $ 944 533 $ 1,477 11,676 15,472 27,148 QS 16-17A (Algo) FIFO: Journal entry to transfer costs LO P4 Prepare the November 30 journal entry to record the transfer of costs from the Assembly department to the…
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,200 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 Cost per Equivalent Unit of Production Costs added this period Units Total costs - Equivalent units of production Cost per equivalent unit of production 2,500 10,200 9,500 3,200 Percent Complete for Direct Materials 60% Direct Materials $964 1,519 11, 256 19,721 85% Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the weighted average method. Conversion Percent Complete for Conversion 40% $ 2,483 30,977…
Required information [The following information applies to the questions displayed below.] The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Direct Conversion Equivalent Units of Production Units transferred out Materials 43,500 EUP 3,500 EUP 43,500 EUP 2,100 EUP Units of ending work in process Equivalent units of production 47,000 EUP 45,600 EUP Direct Costs per EUP Costs of beginning work in process Costs incurred this period Materials $33,700 563,200 $ 596,900 Conversion $ 4,440 333,000 Total costs $ 337,440 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in process 3,000 44,000 43,500 3,500 Prepare…
Line following information applies to the questions displayed below.j Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,100 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 Cost per Equivalent Unit of Production Costs of beginning work in process Costs added this period Total costs + Equivalent units of production Cost per equivalent unit of production Units 3,500 12,100 $ 10,500 5,100 Direct Materials $ Percent Complete for Percent Direct Complete for Materials. Conversion 60% 40% 1,902 19,968 21,870 $ 1,902 1,457 19,968 20,197 80% Calculate the Assembly department's cost per…
Required information [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,000 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Percent Complete for Direct Assembly Department Units Beginning work in process inventory Units started this period 3,000 Materials 60% Percent Complete for Conversion 40% 12,000 Units completed and transferred out 10,000 Ending work in process inventory 5,000 85% 35% Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion $ 1,455 1,105 $2,560 19,920 20,045 39,965 Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that remain in work in process in t Assembly department at month-end. Use the FIFO method. Note: Do not…