Always Christmas makes artificial Christmas trees in two departments: Cutting and Boxing. In the Cutting Department,...

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Always Christmas makes artificial Christmas trees in two departments: Cutting and Boxing. In the Cutting Department, wire wrapped with green "needles" is placed into production at the beginning of the process and is cut to various lengths. The "branches" are then transferred to the Boxing Department, where the lengths are separated into the necessary groups to make a tree. The "limbs" are then placed in boxes and immediately sent to Finished Goods. The following data are available related to the October production in each of the two departments: Percent of Completion Units Transferred In Material Conversion Cutting Development Beginning WIP Inventory 19,200 N/A 100 40 Started in process 86,400 Ending inventory 8,640 N/A 100 70 Boxing Department Beginning WIP Inventory 6,000 100 65 Transferred in Ending inventory 2,880 100 70 Costs Transferred In Material Conversion Cutting Department Beginning WIP Inventory N/A $703,200 $192,000 Current period N/A 3,309,600 3,104,256 Boxing Department Beginning WIP Inventory $399,408 $4 $16,783 Current period 920,736 590,688 a. Prepare a cost of production report for the Cutting Department assuming a weighted average method. Note: Round the costs per EUP to the nearest two decimal points; use the rounded amounts in subsequent calculations. Note: Other than costs per EUP, round all amounts to the nearest whole dollar. Cutting Department Cost of Production Report (WA Method) For the Month of November Production Data: Units Beginning WIP inventory Units started Units to account for Units Material Conversion Beginning WIP Inventory Started & completed Ending WIP inventory Units accounted for Cost Data: Total Material Conversion Beginning WIP Inventory $ 0 $ Current costs Cost to account for $ 0 $ Divided by EUP Cost per EUP $ 0 $ Cost Assignment Transferred out $ Ending inventory: Material 24 Conversion Total cost accounted for $ b. Using the data developed from (a), prepare a cost of production report for the Boxing Department assuming a weighted average method. Note: Round the costs per EUP to the nearest two decimal points; use the rounded amounts in subsequent calculations. Note: Other than costs per EUP, round all amounts to the nearest whole dollar. Boxing Department Cost of Production Report (WA Method) For the Month of November Production Data: Units Beginning WIP inventory Units started Units to account for Units Transferred In Material Conversion Beginning WIP Inventory Started & completed Ending WIP inventory (100%, 0%, 70%) Units accounted for Cost Data: Total Transferred In Material Conversion Beginning WIP Inventory $4 Current costs Cost to account for $4 Divided by EUP Cost per EUP $4 0 $ Cost Assignment Transferred out $ Ending inventory: Transferred in $ Conversion Total cost accounted for $ Always Christmas makes artificial Christmas trees in two departments: Cutting and Boxing. In the Cutting Department, wire wrapped with green "needles" is placed into production at the beginning of the process and is cut to various lengths. The "branches" are then transferred to the Boxing Department, where the lengths are separated into the necessary groups to make a tree. The "limbs" are then placed in boxes and immediately sent to Finished Goods. The following data are available related to the October production in each of the two departments: Percent of Completion Units Transferred In Material Conversion Cutting Development Beginning WIP Inventory 19,200 N/A 100 40 Started in process 86,400 Ending inventory 8,640 N/A 100 70 Boxing Department Beginning WIP Inventory 6,000 100 65 Transferred in Ending inventory 2,880 100 70 Costs Transferred In Material Conversion Cutting Department Beginning WIP Inventory N/A $703,200 $192,000 Current period N/A 3,309,600 3,104,256 Boxing Department Beginning WIP Inventory $399,408 $4 $16,783 Current period 920,736 590,688 a. Prepare a cost of production report for the Cutting Department assuming a weighted average method. Note: Round the costs per EUP to the nearest two decimal points; use the rounded amounts in subsequent calculations. Note: Other than costs per EUP, round all amounts to the nearest whole dollar. Cutting Department Cost of Production Report (WA Method) For the Month of November Production Data: Units Beginning WIP inventory Units started Units to account for Units Material Conversion Beginning WIP Inventory Started & completed Ending WIP inventory Units accounted for Cost Data: Total Material Conversion Beginning WIP Inventory $ 0 $ Current costs Cost to account for $ 0 $ Divided by EUP Cost per EUP $ 0 $ Cost Assignment Transferred out $ Ending inventory: Material 24 Conversion Total cost accounted for $ b. Using the data developed from (a), prepare a cost of production report for the Boxing Department assuming a weighted average method. Note: Round the costs per EUP to the nearest two decimal points; use the rounded amounts in subsequent calculations. Note: Other than costs per EUP, round all amounts to the nearest whole dollar. Boxing Department Cost of Production Report (WA Method) For the Month of November Production Data: Units Beginning WIP inventory Units started Units to account for Units Transferred In Material Conversion Beginning WIP Inventory Started & completed Ending WIP inventory (100%, 0%, 70%) Units accounted for Cost Data: Total Transferred In Material Conversion Beginning WIP Inventory $4 Current costs Cost to account for $4 Divided by EUP Cost per EUP $4 0 $ Cost Assignment Transferred out $ Ending inventory: Transferred in $ Conversion Total cost accounted for $

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