Hasbro company manufactures toy robots in its Waterford plant. Each toy robot passes through the assembly department and the testing department Management is preparing the cost of production report of the testing department for January. In the testing department, direct materials are added when the testing department process is 90% complete. Conversion costs are added evenly during the testing department's process. As work in assembly is completed, each unit is immediately transferred to testing. As each unit is completed in testing, it is immediately transferred to Finished Goods.

 

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Hasbro Company uses the weighted-average method of process costing. Data for the testing department for January are as follows Physical Units Transferred-in (Toy Robots) Direct Conversion Costs Materials Costs Work in process, January 1* Transferred in during January Completed during January 5,500 $2,931,000 $0 $ 499,790 26,000 29,800 Work in process, January 31** Total costs added during January 1,700 $8,094,000 $10,877,000 $4,696,260 "Degree of completion: transferred-in costs,7%; direct materials, 79%; conversion costs, 65%. *Degree of completion: transferred-in costs, 7%; direct materials,?7%; conversion costs, 45%. For Conversion Costs, what is the cost per equivalent unit? Choose. What is the percentage of completion for direct materials in ending work-in-process inventory? Choose. Costs assigned to units completed (and transferred out) should be $ Choose. Costs assigned to units in ending work in process should be $ Choose. For Direct Materials, what is the number of equivalent units in the testing department? Choose. What is the percentage of completion for direct materials in beginning work-in-process inventory? Choose. Hasbro Company uses the weighted-average method of process costing. Data for the testing department for January are as follows Physical Units Transferred-in (Toy Robots) Direct Conversion Costs Materials Costs Work in process, January 1* Transferred in during January Completed during January 5,500 $2,931,000 $0 $ 499,790 26,000 29,800 Work in process, January 31** Total costs added during January 1,700 $8,094,000 $10,877,000 $4,696,260 "Degree of completion: transferred-in costs,7%; direct materials, 79%; conversion costs, 65%. *Degree of completion: transferred-in costs, 7%; direct materials,?7%; conversion costs, 45%. For Conversion Costs, what is the cost per equivalent unit? Choose. What is the percentage of completion for direct materials in ending work-in-process inventory? Choose. Costs assigned to units completed (and transferred out) should be $ Choose. Costs assigned to units in ending work in process should be $ Choose. For Direct Materials, what is the number of equivalent units in the testing department? Choose. What is the percentage of completion for direct materials in beginning work-in-process inventory? Choose.

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1 Conversion Cost Equivalent cost per unit 170 2 Percentage of completion for direct material in end... View the full answer