The following information applies to the questions displayed below.] arlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,000 its during November. The following production activity in both units and costs refers to the Assembly department's ovember activities. Percent Complete for Assembly Department Units Direct Materials Percent Complete for Beginning work in process inventory Units started this period 2,000 60% Conversion 40% 10,000 Units completed and transferred out 9,000 Ending work in process inventory 3,000 80% 30% Cost of beginning work in process

The following information applies to the questions displayed below.] arlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,000 its during November. The following production activity in both units and costs refers to the Assembly department's ovember activities. Percent Complete for Assembly Department Units Direct Materials Percent Complete for Beginning work in process inventory Units started this period 2,000 60% Conversion 40% 10,000 Units completed and transferred out 9,000 Ending work in process inventory 3,000 80% 30% Cost of beginning work in process

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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 10,000units during November. The following production

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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…
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…
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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…
Required information [The following information applies to the questions displayed below] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,600 units during November. The following production activity in both units and costs refers to the Assembly department's November activities Assembly Department Percent Complete for Direct Materials (Percent Complete for Conversion Units Beginning work in process inventory Units started this period 2,500 60% 40% 11,600 Units completed and transferred out 9,500 Ending work in process inventory 4,600 85% 35% Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion $1,059 509 $1,643 19,056 17,117 36,243 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 not…
Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Units Direct Materials Conversion Percent Complete Percent Complete Beginning work in process inventory 6,000 100% 40% Units started this period 43,200 Units completed and transferred out 44,400 Ending work in process inventory 4,800 100% 80% Beginning work in process inventory Direct materials $ 39,600 Conversion 443,880 $ 483,480 Costs added this period Direct materials 993,600 Conversion 4,331,880 5,325,480 Total costs to account for $ 5,808,960 Assume that Tamar uses the FIFO method of process costing. The units started and completed for may total 19,200.Required:1. Prepare the Forming department’s production cost report for May using FIFO.2. Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly.
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…
Use this information about Department G to answer the question that follows. Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period, 3,000 units were 20% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period $40,000 Costs added during period: Direct materials (10,400 units at $8) 83,200 Direct labor 63,000 Factory overhead 25,000 All direct materials are added at the beginning of the process, and the first-in, first-out cost flow method is used. Determine the total cost of the inventory in process at the end of the period. Round the unit cost computation to the nearest cent. a. $21,432 b. $16,163 c. $28,932 d. $35,670
Required information [The following information applies to the questions displayed below.] Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method and it reports the following unit data for the Forming department. Units completed in the forming department are transferred to the painting department. Direct Materials Conversion Units Beginning work in process inventory 25,000 Percent Percent Complete Complete 60% 40% Units started this period Completed and transferred out 300,000 295,000 Ending work in process inventory 30,000 80% 30% Production cost information for the forming department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 44,800 15,300 $ 60,100 1,231,200 896,700 2,127,900 $ 2,188,000 Assume that Fields uses the FIFO method of process costing. a. Calculate the number of units started and completed this period for the…