Question

Additiona data: The direct materials​ (rubber pads) are added at the end of the plating process. Conversion costs are incurred evenly throughout the process. Work in process of the Plating Department on March 1 consisted of 1,200 racks. The $35,350 beginning balance of Work in Processlong dash—Plating includes $21,600 of​ transferred-in cost and $13,750 of conversion cost. During​ March, 2,400 racks were transferred in from the Shaping Department. The Plating Department transferred 2,100 racks to finished goods inventory in March and 1,500 were still in process on March 31. This ending inventory was​ 50% of the way through the plating process.

Data:

Work in Process Inventory—Plating
March 1 balance	35,350
Transferred-in from Shaping	43,200
Direct materials	25,200
Direct labour	22,000
Manufacturing overhead	35,500

Requirement 1. Fill in the time line for the Plating Department.

100% complete or 1500 racks started but not completed or 2100 racks and transferred out etc
Start					Complete				Complete

Requirement 2. Prepare the March production cost report for the Plating Department.

Before we can start the production cost report we must first compute the Plating​ Department's equivalent units. ​(For entries with a zero​ balance, make sure to enter​ "0" in the appropriate​ cell.)

Classic Accessories
Plating Department
Equivalent Unit Computations (Weighted-Average)
	Flow of	Equivalent Units
	Physical	Transferred-	Direct	Conversion
Flow of Production	Units	in	Materials	Costs
Units accounted for:
Total equivalent units

Now we will begin the production cost report by completing the first half of the report. Compute the cost per equivalent unit. ​(For entries with a zero​ balance, make sure to enter​ "0" in the appropriate​ column.)

Classic Accessories
Plating Department
Production Cost Report (Weighted-Average)
	Transferred-	Direct	Conversion
	in	Materials	Costs	Total
Cost per equivalent unit

Answer 1

Flow of
	Physical	Direct	Conversion
Flow of Production	Units	Materials	Costs
Beginning work in process	1200
Transferred In	2400
Total units to account for	3600
Plating Department
Equivalent Unit Computations (Weighted-Average)
	Flow of	Equivalent Units
	Physical	Transferred-	Direct	Conversion
Flow of Production	Units	in	Materials	Costs
Units accounted for:
Transferred out from units of opening WIP	1200	1200	1200	600
Units started and completed this period	900	900	900	900
Completed and transferred out	2100	2100	2100	1500
Ending work in progress inventory©	1500	1500	0	750
Total equivalent units		3600	2100	2250
If the above format shows incorrect tha use this
Completed and transferred out	2100	2100	2100	1500
Ending work in progress inventory©	1500	1500	0	750
Total equivalent units	3600	3600	2100	2250
Plating Department
Production Cost Report (Weighted-Average)
	Transferred-	Direct	Conversion
	in	Materials	Costs	Total
Cost transferred in and added to the process	$43,200	25200	57500	$125,900
Equivalent units	3600	2100	2250
Cost per equivalent unit	$12.00	$12.00	$25.56
If any doubt please comment