Required information [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,300 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 Units 3,200 12,300 10,200 5,300 Percent Complete for Direct Materials 75% $ 1,143 624 13,827 17,856 90% Percent Complete for Conversion 25% $ 1,767 31,683 40% ulate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the method.
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.
![Required information
[The following information applies to the questions displayed below.]
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,300
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
Direct Materials
Conversion
Units
Numerator:
Costs to be allocated
$
$
3,200
12,300
10, 200
5,300
Percent
Complete for
Direct
Materials
75%
$ 1,143
624
13,827
17,856
13,827 /
17,856 /
90%
Percent
Complete for
Conversion
25%
Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the
FIFO method.
$ 1,767
31,683
Cost per equivalent unit of production-FIFO
Denominator:
/ Equivalent units of production
40%
Cost per equivalent unit of production
$
1,767
1,767 $
7.83
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