Funky frames makes frames. Every frame goes through 2 depts: assembly and finishing. The Beg. WIP...

Funky frames makes frames. Every frame goes through 2 depts: assembly and finishing. The Beg. WIP is 100% done for DM and 40% done for CC. The Ending WIP is 100% done for DM and 30% done for CC. Funky frames uses the weighted average method.

	Physical Units	DM	CC
Beg. WIP	95	$1665	$988
Ending WIP	130
Completed	455
Costs added this year		$17,640	$11,856

Compute WIP ending for the assembly dept.

Compute cost of completed units for the assembly dept.

What is the JE for transferring completed into the next dept.?

Expert Solution

ekkarill92 answered 2 years ago

Cranberry Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through...

Cranberry Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at Cranberry has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. Cranberry uses the weighted-average method of process...

MacLean Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through...

MacLean Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at MacLean has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is10% complete. Conversion costs are added evenly during the assembly department's process. MacLean uses the weighted-average method of process costing....

The cost of goods for ABC company flow through an assembly and a finishing department before...

The cost of goods for ABC company flow through an assembly and a finishing department before being transferred to Finished Goods Inventory. The Work in Process accounts in the assembly and finishing departments had beginning balances of $5,000 and $4,000, respectively. During the period, the following costs were added to each department: Direct Materials: Assembly $12,000, Finishing $15,000 Direct Labor: Assembly $24,000, Finishing $46,000 Overhead: Assembly $16,000, Finishing $22,000 Also, $47,000 of cost was transferred from the assembly department to...

Given for certain process: Beg. WIP, 2/5 completed---------------------- 500 units Transferred in ------------------------------------2,000 units Normal spoilage...

Given for certain process: Beg. WIP, 2/5 completed---------------------- 500 units Transferred in ------------------------------------2,000 units Normal spoilage ---------------------------------200 units Abnormal Spoilage ------------------------------300 units Goods completed and transferred out-----1,700 units End. WIP 1/3 completed -----------------------300 units Conversion costs in beginning inventory---P 610 Current period conversion costs--------------P 3,990 All spoilage occurs at the end of the process The conversion cost components of abnormal spoilage (FIFO METHOD)? The conversion cost components of abnormal spoilage (WAVE METHOD)?

12. The production of auto component goes through the processes of parts production, assembly, inspection and...

12. The production of auto component goes through the processes of parts production, assembly, inspection and packaging. The time of each process is indicated in the diagram below (10 points) Part Production 100 units/30min Assembly Unit 100 units/20mins Inspection Unit 100units/10mins Packaging Unit 100 units/15min a. What is the cycle time of the process? b. What is the manufacturing lead time of each batch of 100 parts? c. If the work is carried out as indicated above (i) What would...

Wallace, Inc., produces a product tha goes through three departments: Machining, Assembly, and Polishing. Materials are...

Wallace, Inc., produces a product tha goes through three departments: Machining, Assembly, and Polishing. Materials are added at the beginning of the machining operation; labor and overhead are added uniformly throughout the process. The Machining department had work in process at the beginning and end of 1998 as follows: Percentage of Completion Materials Conversion Costs Januarty 1, 1998, 2,500 units 100 60 December 31, 1998, 4,000 units 100 50 The company completed 42,500 units during the year and incurred the...

The equation of the line that goes through the point (3,2) ( 3 , 2 )...

The equation of the line that goes through the point (3,2) ( 3 , 2 ) and is parallel to the line going through the points (−2,3) ( − 2 , 3 ) and (5,6) ( 5 , 6 ) can be written in the form ?=??+? where: m= b=

Company X makes a product that goes through a single processing department. Direct Materials are added...

Company X makes a product that goes through a single processing department. Direct Materials are added at the start of the process, while Conversion Costs are added evenly during the process. Company X uses the FIFO method of Process Costing. During last month, Company X had 8,700 units in beginning Work-in-Process Inventory which were 100% complete for materials and 25% complete for conversion. There were 34,500 units started during the period. After finishing the 8,700 units in beginning Work-in-Process Inventory,...

Find the equation of the circle ((x-a)2 + (y-b)2 = r2 ) that goes through the...

Find the equation of the circle ((x-a)2 + (y-b)2 = r2 ) that goes through the points (1, 1), (0, 2), and (3, 2). [Hint: subtract equations.]

Wilson Dynamics makes flanges in a continuous process through two departments: Forging and Assembly. All direct...

Wilson Dynamics makes flanges in a continuous process through two departments: Forging and Assembly. All direct materials are added at the beginning of the process in the Forging Department, whereas all direct materials are added at the end of the process in the Assembly Department. Conversion costs are incurred uniformly over time in both departments. As units are completed in the Forging Department, they are transferred to the Assembly Department. The costs associated with the transferred units are included in...

Question