P1737 similar to Question Help or er an craft s manu acture

P17-37 (similar to) Question Help or er an craft ?s ? manu acturer o picture ar s or large relai er very picture rame passes rough two departments he assemb y depar men and he inis ling departmen his pro lem ocuses on te assemb y department he process- osing system al Porler has a single direcl-s caleuury (directmalerals) and a single indirect-cost calegory (coversion o). Dic malerials are added when the assembly departmenl procoss i 10% coiplele. Coiersion costs are addod evenly during the assembly department\'s process Porter uses the FIFO mthod of process casting. Consider the tollowing data for the assembly depatment in April 2014 EEB (Click the icon to view the data.)Click the icon to view the total costs assigned under the weighted average method.) 1 Sumarize total assembly deparrnent costs for April 2014, arid assign tolal costs to unils cornpleted (and trarsfered oul) and to uriits in ending work in process 2. ?xplain any dit rence between the cost o ork completed and tran temed OLt and the cost at ending workin process n he assembly department under the we nte average method and the HK method Should Porters manaoers choose the weightad-average method or the FIFO method? Explain briefly Physical Units Direct Conversion tons) Costs Work iri process, beginning Trarisferied-in during current period To account or Completed and transferred out during current period: 520 From beginning work in process Started and completed Work in process, ending Accounted tor Equivalent units of work done in current pencd 140 Enter any number In the edit flelds and then click Check Answer.

Solution

Equivalent unit of production ;

	Physical unit	Direct material	Conversion cost
Beginning work in process	90
Transferred in	520
To account for	610
Completed and transferred out during period
From beginning work in process	90	0	54
Started and completed	380	380	380
Work in process, ending	140	140	49
Accounted for	610
Equivalent unit		520	483