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 11,300units during November. The following production activity in both units and costs refers to the Assembly department'sNovember activities.Assembly DepartmentBeginning work in process inventoryUnits started this periodUnits completed and transferred outEnding work in process inventoryCost of beginning work in processDirect materialsConversionCosts added this monthDirect materialsConversionCompleted and transferred outDirect materialsConversionEnding work in processDirect materialsConversionUnitsTotal costs accounted for3,00011,30010,0004,300PercentComplete forDirectMaterials70%CARLBERG COMPANY$ 1,53376111,90721,81980%QS 16-12 (Algo) Weighted average: Assigning costs to output LO P1Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units thatremain in process in the Assembly department at month-end. Use the weighted average method.Note: Do not round Intermediate calculations.Cost assignment-Weighted averageEUPCost per EUPPercentComplete forConversion30%$ 2,29433,72630%Total Cost$$000

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Description: 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 11,300unit

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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 11,300 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 3,000 11,300 10,000 4,300 Percent Complete for Direct Materials 78% $ 1,533 761 11,987 21,819 80% CARLBERG COMPANY Cost assignment-Weighted average Fun Fun Percent Complete for Conversion 30% $ 2,294 33,726 30% 6-12 (Algo) Weighted average: Assigning costs to output LO P1 costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that In process in the Assembly department at month-end. Use the weighted average method. Do not round Intermediate calculations. Total Co

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 11,300 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 3,000 11,300 10,000 4,300 Percent Complete for Direct Materials 78% $ 1,533 761 11,987 21,819 80% CARLBERG COMPANY Cost assignment-Weighted average Fun Fun Percent Complete for Conversion 30% $ 2,294 33,726 30% 6-12 (Algo) Weighted average: Assigning costs to output LO P1 costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that In process in the Assembly department at month-end. Use the weighted average method. Do not round Intermediate calculations. Total Co

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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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…
QualCo manufactures a single product in two departments: Cutting and Assembly. Information for the Cutting department for May follows. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Equivalent units of production (EUP) Cost per equivalent unit of production + Equivalent units of production Cost per equivalent unit of production Cost assignment 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 Units EUP Units 37,500 150,000 187,500 51, 250 Required: 1-3. Using the FIFO method, assign May's costs to the units transferred out and assign costs to its ending work in…
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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Daosta Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of ending work in process inventory. d. Determine the cost of units transferred out of the department during the month. Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Daosta Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent…
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…
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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 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 Units Cost per Equivalent Unit of Production 2,500 11,600 Total costs + Equivalent units of production Cost per equivalent unit of production 9,500 4,600 Percent Complete for Direct Materials. 60% $ 1,059 589 QS 16-11 (Algo) Weighted average: Cost per EUP LO P1 Direct Materials 19,056 17,187 85% Percent Complete for…