Answer the following questions using the information below. #13-18 Century Inc, manufactures TV's on a highly...

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Answer the following questions using the information below. #13-18 Century Inc, manufactures TV's on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct Materials are added at the beginning of the production process. Conversion Costs are allocated evenly throughout the production process. Century Inc. uses weighted average costing. Data for the Assembly Department for October 2018 are: -Work in process, beginning inventory: Direct Materials (100% complete) Conversion Costs (40% complete) 450 units -Units started during October: -Work in Process, ending inventory: Direct materials (100% complete) Conversion costs (75% complete) 825 units 175 units Costs for October 2018: -Work in process, beginning inventory: Direct Materials Conversion Costs -Direct materials costs added during October: -Conversion Costs added during October: $315,000 $195,000 $885,000 $690,000 13. What are the equivalent units for direct materials and conversion costs, respectively, for October? Equivalent units- 1275 Conversion= 14. What is the total amount debited to the Work in Process account during the month of October? 15. What is the direct materials cost per equivalent unit during October? 16. What is the conversion cost per equivalent unit in October? Focus 17. What amount of direct material costs is assigned to the ending Work in Process account for October? 18. What amount of conversion costs are assigned to ending Work in Process account for October? Answer the following questions using the information below. #13-18 Century Inc, manufactures TV's on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct Materials are added at the beginning of the production process. Conversion Costs are allocated evenly throughout the production process. Century Inc. uses weighted average costing. Data for the Assembly Department for October 2018 are: -Work in process, beginning inventory: Direct Materials (100% complete) Conversion Costs (40% complete) 450 units -Units started during October: -Work in Process, ending inventory: Direct materials (100% complete) Conversion costs (75% complete) 825 units 175 units Costs for October 2018: -Work in process, beginning inventory: Direct Materials Conversion Costs -Direct materials costs added during October: -Conversion Costs added during October: $315,000 $195,000 $885,000 $690,000 13. What are the equivalent units for direct materials and conversion costs, respectively, for October? Equivalent units- 1275 Conversion= 14. What is the total amount debited to the Work in Process account during the month of October? 15. What is the direct materials cost per equivalent unit during October? 16. What is the conversion cost per equivalent unit in October? Focus 17. What amount of direct material costs is assigned to the ending Work in Process account for October? 18. What amount of conversion costs are assigned to ending Work in Process account for October?

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Solution 13 Equivalent Unit Equivalent Unit Direct material Conversion Cost Com... View the full answer