Question: I need help filling in the empty yellow shaded boxes. I need to come up with the Total Cost of Material this period, Total Cost
I need help filling in the empty yellow shaded boxes. I need to come up with the Total Cost of Material this period, Total Cost of Conversion this period, Total Cost to account for, Cost per equivalent unit of material this period (round to seven places), Cost per equivalent unit of conversion this period (round to seven places), Cost of the units transferred, material and conversion, Cost of the ending inventory, material and conversion, & Total Cost accounted for.



PART 4 Process Costing - First-In First-Out General Information The I See The Light Company has a related company that produces the figurines. They use process costing in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars The material is added at the beginning of the process. The labor and overhead costs are assumed to be added uniformly throughout Month of January Selected information for January is presented below. Note that the applied overhead rate was 50% of direct labor costs in the molding department, Molding Department Goods in-process as of January 1 were 3,600 figurines at a cost of $84,080.00. Of this amount, 557,600.00 was from raw materials added, $4,320.00 for labor and $2,160.00 for overhead These 3,600 figurines were assumed to be 60.00% complete as to labor and overhead. During January 23,000 units were started, $370.990.00 of materials and $47.680.00 of labor costs were incurred The 5,000 figurines that were in-process at the end of January were assumed to be 90.00% complete to labor and overhead All figurines in January passed inspection MOLDING Pycal Flowers 1200 won Pegg Unit Started this period Unele Account for 230 12.07 Transferred Work in Pro Ending To Accounted for 12.031 [1204) 01205 Equivalent Units Material (Round to the 2011 Equit Unconvention to the 23.000 120 Total cost in the Beginning to do we places, EA ROTO (12.080 LOCOR of Materials period Round to two place, (1200 Total cost of Conversion this period Round to two pieces. 112.000 Total cost to accorHound two (12.11 Cost parcequivalent unit of Materialinis period Round to saven places, C. MAN 186 (12.12) Cost requivalent to conversion this period Round to sew place PAZZO (12.13 Cost of the units translated material and convision (Round to two places , (1214 Cost of the ending inventory material and conteston Round to two places (1215) To Concouro Round to two places SE [12.101 General Information The I See The Light Company has a related company that produces the figurines. They use process costing in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars. The material is added at the beginning of the process. The labor and overhead costs are assumed to be added uniformly throughout Month of January Selected information for January is presented below. Note that the applied overhead rate was 50% of direct labor costs in the molding department. Molding Department Goods in-process as of January 1 were 3,600 figurines at a cost of $64,080.00. Of this amount, $57,600.00 was from raw materials added, $4,320.00 for labor and $2,160.00 for overhead. These 3,600 figurines were assumed to be 60.00% complete as to labor and overhead. During January, 23,000 units were started, $370,990.00 of materials and $47,680.00 of labor costs were incurred. The 6,000 figurines that were in-process at the end of January were assumed to be 90.00% complete to labor and overhead. All figurines in January passed inspection January MOLDING Physical Flow of Units Work-in-Process - Beginning Units Started this Period Units to Account for (12.01) 3,600 units 23,000 units 26,600 units (12.02) Total transferred out Work-in-Process - Ending Total Accounted for 20 600 units 6.000 units 26,600 units [12.03) {12.04) (12.05) Equivalent Units Material (Round to three places, ##.#.##) 23,000.00 units (12.06) 23.840.00 units (12.07) Equivalent Units Conversion (Round to three places, ##.###.#*) $ 64,080.00 (12.08) Total cost in the Beginning Inventory (Round to two places, ###.##) $ 64.380.00 (12.08) Total cost in the Beginning Inventory Round to two places w.) (12.09) Total cost of Material this period (Round to two places,..) (12.10) Total cost of Conversion this period Round to two places, O.MEN.) [12.11) Total cost to account for Round to two places, ...) s 18.6343478 (12.12) Cost per equivalent unit of Material this period (Round to seven places, US) 22718120 (12.13) Cost per equivalent unit of Conversion this period (Round to seven places, W.NO (12.14) Cost of the units transferred, material and convesion Round to two places, S. (12.15) Cost of the ending inventory material and convesion (Round to two places. Some Total Cost accounted for Round to two places Show .. (12.16) PART 4 Process Costing - First-In First-Out General Information The I See The Light Company has a related company that produces the figurines. They use process costing in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars The material is added at the beginning of the process. The labor and overhead costs are assumed to be added uniformly throughout Month of January Selected information for January is presented below. Note that the applied overhead rate was 50% of direct labor costs in the molding department, Molding Department Goods in-process as of January 1 were 3,600 figurines at a cost of $84,080.00. Of this amount, 557,600.00 was from raw materials added, $4,320.00 for labor and $2,160.00 for overhead These 3,600 figurines were assumed to be 60.00% complete as to labor and overhead. During January 23,000 units were started, $370.990.00 of materials and $47.680.00 of labor costs were incurred The 5,000 figurines that were in-process at the end of January were assumed to be 90.00% complete to labor and overhead All figurines in January passed inspection MOLDING Pycal Flowers 1200 won Pegg Unit Started this period Unele Account for 230 12.07 Transferred Work in Pro Ending To Accounted for 12.031 [1204) 01205 Equivalent Units Material (Round to the 2011 Equit Unconvention to the 23.000 120 Total cost in the Beginning to do we places, EA ROTO (12.080 LOCOR of Materials period Round to two place, (1200 Total cost of Conversion this period Round to two pieces. 112.000 Total cost to accorHound two (12.11 Cost parcequivalent unit of Materialinis period Round to saven places, C. MAN 186 (12.12) Cost requivalent to conversion this period Round to sew place PAZZO (12.13 Cost of the units translated material and convision (Round to two places , (1214 Cost of the ending inventory material and conteston Round to two places (1215) To Concouro Round to two places SE [12.101 General Information The I See The Light Company has a related company that produces the figurines. They use process costing in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars. The material is added at the beginning of the process. The labor and overhead costs are assumed to be added uniformly throughout Month of January Selected information for January is presented below. Note that the applied overhead rate was 50% of direct labor costs in the molding department. Molding Department Goods in-process as of January 1 were 3,600 figurines at a cost of $64,080.00. Of this amount, $57,600.00 was from raw materials added, $4,320.00 for labor and $2,160.00 for overhead. These 3,600 figurines were assumed to be 60.00% complete as to labor and overhead. During January, 23,000 units were started, $370,990.00 of materials and $47,680.00 of labor costs were incurred. The 6,000 figurines that were in-process at the end of January were assumed to be 90.00% complete to labor and overhead. All figurines in January passed inspection January MOLDING Physical Flow of Units Work-in-Process - Beginning Units Started this Period Units to Account for (12.01) 3,600 units 23,000 units 26,600 units (12.02) Total transferred out Work-in-Process - Ending Total Accounted for 20 600 units 6.000 units 26,600 units [12.03) {12.04) (12.05) Equivalent Units Material (Round to three places, ##.#.##) 23,000.00 units (12.06) 23.840.00 units (12.07) Equivalent Units Conversion (Round to three places, ##.###.#*) $ 64,080.00 (12.08) Total cost in the Beginning Inventory (Round to two places, ###.##) $ 64.380.00 (12.08) Total cost in the Beginning Inventory Round to two places w.) (12.09) Total cost of Material this period (Round to two places,..) (12.10) Total cost of Conversion this period Round to two places, O.MEN.) [12.11) Total cost to account for Round to two places, ...) s 18.6343478 (12.12) Cost per equivalent unit of Material this period (Round to seven places, US) 22718120 (12.13) Cost per equivalent unit of Conversion this period (Round to seven places, W.NO (12.14) Cost of the units transferred, material and convesion Round to two places, S. (12.15) Cost of the ending inventory material and convesion (Round to two places. Some Total Cost accounted for Round to two places Show .. (12.16)
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