Required Information [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,400 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 12,400 10,000 5,400 $ Direct Materials $ Percent Complete for Direct Materials 60% $ 1,448 1,579 20,032 18,756 80% Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the weighted average method. 20,032 $ 1,448 21,480 $ Conversion Percent Complete for Conversion 40% $ 3,027 38,788 18,756 1,579 20,335 30%
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 12,400
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
12,400
10,000
5,400
$
Direct Materials
$
Percent
Complete for
Direct
Materials
60%
$ 1,448
1,579
20,032
18,756
80%
20,032 $
1,448
21,480 $
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%
$ 3,027
38,788
18,756
1,579
20,335
30%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F98588918-a0aa-42e1-8632-b9f29abb7786%2Ff5446060-9b92-422f-8da7-cfc0b5b60de4%2F5n4jvtr_processed.png&w=3840&q=75)
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