eNOWv2 | Online teacl X + /ilrn/takeAssignment/takeAssignmentMain. do?invoker=&takeAssignmentSessionLocator=&inprogress=false Log In to Canvas Citation Form | AP... YouTube Maps Cengage eBook Feedback Check My Work a. The physical flow schedule traces the units in process regardless of their stage of completion. b. An equivalent units calculation Total Equivalent Units Direct Materials 10,000 Conversion 30,000 Costs . Calculation of unit costs. Round your answer to the nearest cent. $ 2.2 per unit d. Cost of ending work in process and cost of goods transferred out. Cost of ending work in process: $ 5,060 Cost of goods transferred out: $ 30,000 e. A cost reconciliation. Costs to account for: Beginning work in process $ 22,000 Cncte incurred 56 750 Check My Work 2 more Check My Work uses remaining. All work saved. Save and Exit Submit Assignmen 80 DII DD FA F5 F6 F7 F8 F9 F 10gageNOWv2 | Online teach X + om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false u*M Paused Oth Log In to Canvas Citation Form | AP... YouTube | Maps . Cengage eBook c. Calculation of unit costs. If required, round your intermediate computations and final answer to four decimal places and use the rounded answer in subsequent computations. 2.2 per unit d. Compute the following. For interim computations, carry amounts out to four decimal places. Round your final answers to the nearest dollar Cost of ending work in process: $ 5,000 Cost of goods transferred out: $ 57,000 e. A cost reconciliation. When necessary, round equivalent cost per unit to four decimal places, and round all other amounts to the nearest dollar. Costs to account for: Beginning work in process 35,000 Costs incurred 138,500 Total costs to account for $ 173,500 Costs accounted for: Transferred out 30,000 Ending work in process 5,000 Total costs accounted for $ 35,000 Note: Cost reconciliation totals differ by $1 due to rounding error. Prepare journal entries that show the flow of manufacturing costs for the Assembly Department. (a) Materials are added at the end of the process, (b) conversion costs are recorded and (c) the units are transferred to Finished Goods Check My Work 2 more Check My Work uses remaining. All work saved. Save and Exit Submit Assignment for Grading MacBook Air 80 DII F4 DD F5 F6 F7 F8 F9 F10 F12 % & 6 8gageNOWv2 | Online teach X MindTap - Cengage Learning x New Tab X om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 1 Xu # I M Paused Citation Form | AP... YouTube 9 Maps . Cengage Other Bookn Log In to Canvas eBook FIFO Method, Two-Department Analysis Muskogeempany uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and costs for February: Molding Assembly Beginning inventories: Physical units 10,000 8,000 Costs: Transferred in $45,300 Direct materials $22,000 Conversion costs $13,800 $16,900 Current production: Units started 25,000 Units transferred out 30,000 35,000 Costs: Transferred in Direct materials $56,750 $39,550 Conversion costs $103,500 $136,500 Percentage of completion: Check My Work 2 more Check My Work uses remaining All work saved. Save and Exit Submit Assignment for Grading MacBook Air Q DII F3 DD F6 F7 F8 E9 F10 F11 F12 % 3 4 5 6 8 9 O E R T PCengageNOWv2 | Online teach X 1 X UAIM Paused ) Updat agenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Other Book G Gmail Log In to Canvas Citation Form | AP... YouTube Maps Cengage eBook dollar. Costs to account for: Beginning work in process $ 35,000 Costs incurred 138,500 Total costs to account for $ 173,500 Costs accounted for: Transferred out $ 30,000 Ending work in process 5,000 Total costs accounted for $ 35,000 Note: Cost reconciliation totals differ by $1 due to rounding error. Prepare journal entries that show the flow of manufacturing costs for the Assembly Department. (a) Materials are added at the end of the process, (b) conversion costs are recorded, and (c) the units are transferred to Finished Goods. (a) Work in Process-Assembly 45,300 Materials Inventory 35,000 (b) Work in Process-Assembly 17,500 Cost of Goods Sold 35,000 (c) Conversion Costs-Control 16,900 Cost of Goods Sold 136,500 Check My Work 2 more Check My Work uses remaining. All work saved. Save and Exit Submit Assignment for Grading MacBook Air F3 DI F7 DD FO F 10 F11 F12 % 5 6 9 O dele Y O PgeNOWv2 | Online teach X + n/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Log In to Canvas Citation Form | AP... YouTube Maps Cengage eBook Percentage of completion: Beginning inventory 40% 50% Ending inventory 80 50 Required: 1. Using the FIFO method, prepare the following for the Molding Department: a. A physical flow schedule Muskogeempany Molding Department Physical Flow Schedule Units to account for: Units, beginning work in process 10,000 Units started in February (transferred in) V 25,000 Total units to account for 35,000 Units accounted for: Units completed and transferred out: Started and completed 20,000 From beginning work in process 10,000 Units, ending work in process 5,000 Total units accounted for 35,000 Feedback Check Mv Work Check My Work 2 more Check My Work uses remaining. All work saved. Save and Exit Submit Assignment MacBook Air 80 Q F3 G F4 F5 DD A F6 F7 F8 F9 F10 F 11 % 5Wv2 | Online teach X u * IM Paused (Upda /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Other Book Log In to Canvas Citation Form | AP... YouTube 9 Maps . Cengage eBook FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The ollowing table summarizes the production activity and costs for February: Molding Assembly |Beginning inventories: Physical units 10,000 8,000 Costs Transferred in $45,300 Direct materials $22,000 Conversion costs $13,800 $16,900 Current production: Units started 25,000 Units transferred out 30,000 35,000 Costs: Transferred in Direct materials $56,750 $39,550 Conversion costs $103,500 $136,500 Percentage of completion: Daninning invention Check My Work 2 more Check My Work uses remaining. All work saved. Save and Exit Submit Assignment for Grading MacBook Air 50 F4 F5 DII F6 F7 DD F8 F9 F10 F 11 F12 & 6 7 8 9 O U O PgeNOWv2 | Online teach x + /ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Log In to Canvas Citation Form | AP... YouTube Maps Cengage eBook a. A physical flow schedule Muskogeempany Assembly Department Physical Flow Schedule Units to account for: Units, beginning work in process 34,000 Units started in February (transferred in) 1,000 Total units to account for 35,000 Units accounted for: Units completed and transferred out: Started and completed 3,000 Units, ending work in process 5,000 Jnits, ending work in process 80 Total units accounted for 35,000 b. An equivalent units calculation Total Equivalent Units Direct Materials 35,000 Conversion 17,000 Costs Transferred In c. Calculation of unit costs. If required, round your intermediate computations and final answer to four decimal places and use Check My Work 2 more Check My Work uses remaining. All work saved. Save and Exit Submit Ass MacBook Air 80 Q DII F4 DD F5 F6 F7 F8