Andrew kayaks manufactures kayaks in its tampa plant each kayak passes through the assembly department and...

Andrew kayaks manufactures kayaks in its tampa plant each kayak passes through the assembly department and the testing department. This problem focuses on the assembly department. The process- costing system at Andrews Kayaks has a single direct cost category (direct materials) and a single indirect- cost category (conversion costs). Direct are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly department finishes work on each kayak, it is immediately transferred to testing.

Work in Process, Sept 1 (DM? Conv 45%) - Units 4000. Direct Materials $1248000. Conversion $350000

Started during Sept 2019 - Units 22500

Completed during sept 2019- Units 26000

Work in Process, seppt 30 (?%, Conv 80%)- 600 Units

Total costs added during Sept 2019 - Direct Material $4635000 Conversion $2575125

1. Summerize total assembly department costs for september 2019 and assign them to units completed and transferred out and ending work in process.

Expert Solution


Statement of Equivalent production	Direct materials	Conversion Cost
Units completed & transferred (26,000 )	26,000	26,000
Ending WIP (Direct materials 100% , Conv. 80% )	600	480
Equivalent units of production	26,600	26,480

Cost	Direct materials $	Conversion Cost $
Opening Cost	1,248,000	350,000
Add: During the period	4,635,000	2,575,125
Total Costs	5,883,000	2,925,125

Cost per equivalent units (Weighted Average )
	Direct materials	Conversion Cost
Total Costs	58,83,000	2,925,125
/ Equivalent units of production	26,600	26,480
Cost per equivalent units	221.16541	110.46545

Cost assigned to Units Completed & transferred out	$8,622,402	(26,000 x 221.16541 ) + ( 26,000 x 110.46545 )

Cost assigned to ending work in process	$185,723	(600 x 221.16541 ) + (480 x 110.464545 )

ekkarill92 answered 2 years ago

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