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 round intermediate calculations. 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 Total costs accounted for CARLBERG COMPANY Cost assignment-FIFO EUP Cost per EUP Total Cost 1,800 $ 1.90 $ 3,420 1,200 $ 2.42 2,904 6,324 7,000 $ 1.90 13,300 7,000 $ 2.42 16,940 5,882 $ 1.90 11,176 1,750 $ 2.42 4,235 30,240 $ 39,564 15,411 $ 54,975
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 round intermediate calculations. 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 Total costs accounted for CARLBERG COMPANY Cost assignment-FIFO EUP Cost per EUP Total Cost 1,800 $ 1.90 $ 3,420 1,200 $ 2.42 2,904 6,324 7,000 $ 1.90 13,300 7,000 $ 2.42 16,940 5,882 $ 1.90 11,176 1,750 $ 2.42 4,235 30,240 $ 39,564 15,411 $ 54,975
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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![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 round intermediate calculations.
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
Total costs accounted for
CARLBERG COMPANY
Cost assignment-FIFO
EUP
Cost per EUP
Total Cost
1,800 $
1.90 $
3,420
1,200 $
2.42
2,904
6,324
7,000 $
1.90
13,300
7,000 $
2.42
16,940
5,882
$
1.90
11,176
1,750
$
2.42
4,235
30,240
$
39,564
15,411
$
54,975](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F429f8c7a-3687-475c-be0c-1fba953ec6b3%2Ff9ec0b50-defe-4682-bfe8-c0b69114dd62%2Fimu4nwd_processed.png&w=3840&q=75)
Transcribed Image Text: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 round intermediate calculations.
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
Total costs accounted for
CARLBERG COMPANY
Cost assignment-FIFO
EUP
Cost per EUP
Total Cost
1,800 $
1.90 $
3,420
1,200 $
2.42
2,904
6,324
7,000 $
1.90
13,300
7,000 $
2.42
16,940
5,882
$
1.90
11,176
1,750
$
2.42
4,235
30,240
$
39,564
15,411
$
54,975
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