[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 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 Completed and transferred out Direct materials Conversion Units 2,500 11,600 Ending work in process Direct materials Conversion 9,500 4,600 Total costs accounted for Percent Complete for Materials Conversion 60% 40% Percent Complete for Direct $ 1,059 589 CARLBERG COMPANY 19,056 17,187 QS 20-12 (Algo) Weighted average: Assigning costs to output LO P1 85% Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that remain in process in the Assembly department at month-end. Use the weighted average method. Note: Do not round intermediate calculations. $ 1,648 Cost assignment-Weighted average EUP Cost per EUP 36,243 35% Total Cost
[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 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 Completed and transferred out Direct materials Conversion Units 2,500 11,600 Ending work in process Direct materials Conversion 9,500 4,600 Total costs accounted for Percent Complete for Materials Conversion 60% 40% Percent Complete for Direct $ 1,059 589 CARLBERG COMPANY 19,056 17,187 QS 20-12 (Algo) Weighted average: Assigning costs to output LO P1 85% Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that remain in process in the Assembly department at month-end. Use the weighted average method. Note: Do not round intermediate calculations. $ 1,648 Cost assignment-Weighted average EUP Cost per EUP 36,243 35% Total Cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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![[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
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
Completed and transferred out
Direct materials
Conversion
Units
2,500
11,600
9,500
4,600
Ending work in process
Direct materials
Conversion
Total costs accounted for
Percent
Complete
for Direct
Materials
60%
$ 1,059
589
19,056
17,187
CARLBERG COMPANY
85%
QS 20-12 (Algo) Weighted average: Assigning costs to output LO P1
Percent
Complete
for
Conversion
40%
Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that
remain in process in the Assembly department at month-end. Use the weighted average method.
Note: Do not round intermediate calculations.
Cost assignment-Weighted average
EUP
Cost per EUP
$ 1,648
36,243
35%
Total Cost](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F74df7dc6-39ed-476f-9b4a-f68366579151%2F5d8d1803-e8da-46c6-bf56-ad69064e2f02%2Ft6zmebu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:[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
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
Completed and transferred out
Direct materials
Conversion
Units
2,500
11,600
9,500
4,600
Ending work in process
Direct materials
Conversion
Total costs accounted for
Percent
Complete
for Direct
Materials
60%
$ 1,059
589
19,056
17,187
CARLBERG COMPANY
85%
QS 20-12 (Algo) Weighted average: Assigning costs to output LO P1
Percent
Complete
for
Conversion
40%
Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that
remain in process in the Assembly department at month-end. Use the weighted average method.
Note: Do not round intermediate calculations.
Cost assignment-Weighted average
EUP
Cost per EUP
$ 1,648
36,243
35%
Total Cost
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