1. Tables & More, a table manufacturer, has two departments, Assembly and Finishing.

The Assembly Department has 4,000 tables in process at the beginning of May and

2,000 at the end of May. The department transferred 6,000 tables to the Finishing Department during the month. Determine the number of tables started and completed during the month.

2. All materials are added at the beginning of the production process in the Assembly Department at Tables & More, while conversion costs are incurred evenly throughout the process. The inventory in process as of May 1 (information in Exercise 14) is 25% complete with respect to conversion costs. Inventory in process at the end of the month is 20% complete with respect to conversion costs.
   1. Determine the direct materials' equivalent units.
   2. Determine the conversion equivalent units.
3. During the month of May, Tables & More allocated $20,000 of direct materials costs and $13,800 of direct labor to the Assembly Department. The company applied $2,400 of factory overhead to the Assembly Department. Determine the direct materials and conversion cost per equivalent unit (EU), using the information determined in Exercise
4. Use the information computed in Exercises 9–11 to determine the costs incurred in the Assembly Department to be allocated to ending inventory in process and the goods completed and transferred to the Finishing Department. The inventory as of May 1 had a cost of $6,000.
5. Using the information from Exercises 14–17, prepare the cost of production report for the Assembly Department of Tables & More for the month ended May 31, 20Y5.
6. Cards by Shannon has two departments, Printing and Packaging. On October 1, the company purchased the materials needed for the month, which totaled $55,200. During the month of October, the following materials were used: $25,000 of paper for the Printing Department, $7,000 of ink for the Printing Department, and $16,000 of packaging materials for the Packaging Department. Each department used $2,000 of indirect materials for the month.
   1. Journalize the entry to record the purchase of the materials.
   2. Journalize the entry to record the use of the materials during the month of October.
7. During October, employees of the Printing Department at Cards by Shannon worked a total of 400 hours, while the Packaging Department employees worked a total of 250 hours. Employees in each department are paid an hourly wage of $10. Journalize the entry to record the direct labor.
8. On October 31, Cards by Shannon applied $5,200 of factory overhead to the Printing Department and $3,900 of factory overhead to the Packaging Department. Journalize the entry to record the transaction.
9. On October 25, the Printing Department transferred $9,100 of costs to the Packaging Department. On October 26, the Packaging Department transferred $10,700 of costs to Finished Goods. Journalize the entries to record the transfers.

Answer rating: 100% (QA)

Number of tables started and completed 2000 Total tables completed and transferred less from completed work in progress 6000 4000 2000 a Direct material equivalent units 4000 b Conversion Equivalent u... View the full answer