Metal Accessories manufactures auto roof racks in a two-stage process that includes shaping and plating. Steel alloy is the basic raw material of the shaping process. The steel is molded according to the design specifications of automobile manufacturers (Ford and General Motors). The Plating Department then adds an anodized finish.

At March 31, before recording the transfer of cost from the Plating Department to Finished Goods Inventory, the Metal Accessories general ledger included the following account:

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 1,800 racks. The $33,900 beginning balance of "Work in Process-Plating" includes $20,400 of transferred-in cost and $13,500 of conversion cost. During March, 1,800 racks were transferred in from the Shaping Department. The Plating Department transferred 2,300 racks to Finished Goods Inventory in March and 1,300 were still in process on March 31. This ending inventory was 50% of the way through the plating process.
Requirements
1. Draw a time line for the Plating Department.
2. Prepare the March production cost report for the Plating Department.
3. Journalize all transactions affecting the Plating Department during March, including the entries that have already been posted.

Transcribed Image Text:

Work in Process I nventory-Plating March 1 balance Transferred-in from Shaping Direct materials Direct labor Manufacturing overhead 33,900 40,800 27,600 22,500 34,800