Questions Q1:The following data for assembly and testing department for January 2015 as following: Assembly department:...

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Questions Q1:The following data for assembly and testing department for January 2015 as following: Assembly department: Work-in process beginning 60% 2000 units Work-in process beginning 40% for conversion 4000 units Started Units during current period 6000 Goods units completed and transferred out 7000 Work-in process ending 75% for conversion cost 3000 Work-in process ending 50% for conversion cost 1000 In this department three kinds from materials are added. Material "A" is added at Beginning of the process. Material "B" is added at ending of the process. Material ,,C,, is added at 50% level of completion. Conversion cost is added evenly during cycle. Inspection accurse at the 70% completion stage normal spoilage units are 5% of the good units passing inspection. Cost To be account for: Work-in process beginning 60% Work-in process beginning 40% Current Costs Material A $ 20000.00 12000.00 22000.00 End of Material B $ 16000.00 22000.00 34000.00 Testing Department: Work-in process beginning 65% 4000 unit. Units transferred in? for? $ A B Byt 50% Material C $ 4000.00 6000.00 11000.00 Conversion cost 33000.00 27000.00 14000.00 Work-in process ending 75% 2000 unit. Goods units completed and transferred out 8000 units. Materials are added at the ending of the process and conversion cost are added evenly during cycle. Inspection occurs at the ending in the process normal spoilage units are 2% of the good units. Cost to be account for: Work in process Beginning 65% CURRENT COSTS Transferred in 1000 ? 1. Weighted average method. 2. FIFO. method 3. Journal entries Material 8000 13500$ Conversion costs 17000 23700$ Required: 1- Prepare cost of producing report for assembly and Testing department using: Questions Q1:The following data for assembly and testing department for January 2015 as following: Assembly department: Work-in process beginning 60% 2000 units Work-in process beginning 40% for conversion 4000 units Started Units during current period 6000 Goods units completed and transferred out 7000 Work-in process ending 75% for conversion cost 3000 Work-in process ending 50% for conversion cost 1000 In this department three kinds from materials are added. Material "A" is added at Beginning of the process. Material "B" is added at ending of the process. Material ,,C,, is added at 50% level of completion. Conversion cost is added evenly during cycle. Inspection accurse at the 70% completion stage normal spoilage units are 5% of the good units passing inspection. Cost To be account for: Work-in process beginning 60% Work-in process beginning 40% Current Costs Material A $ 20000.00 12000.00 22000.00 End of Material B $ 16000.00 22000.00 34000.00 Testing Department: Work-in process beginning 65% 4000 unit. Units transferred in? for? $ A B Byt 50% Material C $ 4000.00 6000.00 11000.00 Conversion cost 33000.00 27000.00 14000.00 Work-in process ending 75% 2000 unit. Goods units completed and transferred out 8000 units. Materials are added at the ending of the process and conversion cost are added evenly during cycle. Inspection occurs at the ending in the process normal spoilage units are 2% of the good units. Cost to be account for: Work in process Beginning 65% CURRENT COSTS Transferred in 1000 ? 1. Weighted average method. 2. FIFO. method 3. Journal entries Material 8000 13500$ Conversion costs 17000 23700$ Required: 1- Prepare cost of producing report for assembly and Testing department using:

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Question Assembly Department FIFO Method 1Physical Units and Equivalent Units Physical Units Particulars Units Opening Work In Progress 6000 Units Introduced during year 6000 Total Units 12000 Units F... View the full answer