Liz Electronics makes game consules in three processes: assembly, programming and packaging. Direct materials are added...

Liz Electronics makes game consules in three processes: assembly, programming and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no work-in-process inventory on October 31.

Requirements:
1. prepare a production cost report for the assembly department for november. the company uses the weighted-average method.
2. prepare a t-account for work-in-process inventory---assembly to show its activity during november, including november 30 balance.

additional information: in mid-november, Liz electronics started production to 115,000 game consules. of this number, 99,000 game consules were assembled during november and transferred out to the programming department. the november 30 work-in-process inventory in the assembly department was 45% of the way through the assembly process. Direct materials costing $345,000 were placed in production in assembly during november, direct labor of $150,000 was assigned, and manufacturing overhead of $62,400 was allocated to that department.

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ekkarill92 answered 1 year ago

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