Question: I have this much done, I need help with the rest of requirement 1 and requirement 2: Fenton Handcraft is a manufacturer of picture frames

 I have this much done, I need help with the rest

of requirement 1 and requirement 2: Fenton Handcraft is a manufacturer of

I have this much done, I need help with the rest of requirement 1 and requirement 2:

picture frames for large retailers. Every picture frame passes through two departments:

Fenton Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at Fenton has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. Fenton uses the FIFO method of process costing. Consider the following data for the assembly department in April 2020: (Click the icon to view the data.) (Click the icon to view the total costs assigned under the weighted average method.) - - Data table Reference Conversion Costs $2,916 Physical Units Direct (Frames) Materials Beginning work in process, (April 1) 120 $2,140 Started during April 2020 485 Completed during April 2020 445 Ending work in process, (April 30) 160 Total costs added during April 2020 $18,430 Degree of completion: direct materials, 100%; conversion costs, 40%. Degree of completion: direct materials, 100%; conversion costs, 5%. Completed and transferred out Total Direct Conversion Production Costs Materials Costs $ 27,145 $ 15,130 $ 12,015 5,656 5,440 216 Work in process, ending $ 32,801 $ 20.570 $ 12,231 Total costs accounted for $9.315 b - Requirements 1. Summarize total assembly department costs for April 2020, and assign them to units completed and transferred out) and to units in ending work in process inventory 2. Explain any difference between the cost of work completed and transferred out and the cost of ending work in process inventory in the assembly department under the weighted average method and the FIFO method. Should Fenton's managers choose the weighted average method or the FIFO method? Explain briefly. Physical Units (tons) Direct Materials Conversion Costs Work in process, beginning 120 485 605 Transferred-in during current period To account for Completed and transferred out during current period: : From beginning work in process Started and completed Work in process, ending , 120 325 0 325 160 72 325 8 8 160 Accounted for 605 485 Equivalent units of work done in current period 405 Now summarize total costs to account for. Work in process, beginning Total Direct Conversion Production Costs Materials Costs S 5,056 $ 2,1405 2,916 27,745 18,430 9,315 32,801 S 20,570 S 12,231 Costs added in current period Total costs to account for Next calculate cost per equivalent unit for direct materials and conversion costs. . Direct Conversion Materials Costs 9,315 Costs added in current period Divide by Equivalent units of work done in current period 18,430 $ 485 405 $ 38 $ 23 Cost per equivalent unit As sign total costs to units completed (and transferred out) and to units in ending work in process inventory. Begin by calculating the total from beginning inventory then calculate the total costs accounted for. (For amounts with a Total Direct Conversion Production Costs Materials Costs Completed and transferred out: Work in process, beginning Costs added to beginning WIP in current period $ 2,140 $ 2,916 5,056 S 1749.6 0 11 66.4

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