Question: I need help in these questions. Please do them fast and accurate and correct, i have only 30 minutes Question 12 9 Points Jordan Company

I need help in these questions. Please do them fast and accurate and correct, i have only 30 minutes

I need help in these questions. Please do them fast and accurate

and correct, i have only 30 minutes Question 12 9 Points Jordan

Company manufactures car seats in two processes assembly and testing. The information

for the assembly process for the month of May 2017 is as

follows: Work in process, beginning inventory 1,000 units; Units started during May

2,000 units; Units completed and transferred 2,500 units; Work in process, ending

Question 12 9 Points Jordan Company manufactures car seats in two processes assembly and testing. The information for the assembly process for the month of May 2017 is as follows: Work in process, beginning inventory 1,000 units; Units started during May 2,000 units; Units completed and transferred 2,500 units; Work in process, ending inventory: 500 units: Costs of work in process, beginning inventory: Direct materials $6,000 Conversion costs $2,600 Costs added during May 2017: Direct materials costs $30,000 . Conversion costs $17,000 Direct material is added at the beginning of the process. Conversion costs are incurred evenly throughout the process. Beginning work in process was 100% completed as to direct materials and 50% completed as to conversion costs. Ending work in process was 100% completed as to direct materials and 60% complete as to conversion costs. REQUIRED (a) Prepare a production cost worksheet for the assembly process using the weighted- Direct material is added at the beginning of the process. Conversion costs are incurred evenly throughout the process. Beginning work in process was 100% completed as to direct materials and 50% completed as to conversion costs. Ending work in process was 100% completed as to direct materials and 60% complete as to conversion costs. REQUIRED: (a) Prepare a production cost worksheet for the assembly process using the weighted- average method Please click this link Template for production cost worksheet and enter your answers. After that you should be able to save your work in the excel template and then UPLOAD it in the answer section below. (b) Prepare the journal entries to record the use of direct materials, conversion costs and the transfer of completed units to the testing process. Please click this link Template for process costing JOURNAL ENTRIES and enter your answers. After that you should be able to save your work in the excel template and then UPLOAD it in the answer section below. Use the editor in format The information for the sembly process for the month of May 2017 is as follows: Work in preces, beginning inventory 1.000 til started during Max 2.000 Units completed and transferred 1.500 units; Work in procen, ending inventory Soni Costs of work in process, beginning inventory: Direct materials 56.000; Conversion costs $2,600 Cests added during May 2017 Direct materials costs $30,000: Conversion costs $17,000 1 Direct material is added at the beginning of the process. Conversion contre curred evenly throughout the process 12 Beginning work in process *100% completed as to direct material and 50% completed us to conversion costs. 13 werk in proces was 100% completed as to direct materials and complete as to conversiones 15 16 Flow of production Physical Units Direct Materials Conversion Costs 17 Work in process, beginning Is Started during period To account for Flow of production Physical Units Direct Materials Conversion Costs Work in process, beginning Started during period To account for 1 Units completed Work in process, ending Accounted for 4 Costs Work in process, beginning 36 Costs added during period 12 Total costs to account for 2 Divided by equivalent units Equivalent unit costs 31 Assignment of costs Costs transferred out To account for Units completed Work in process, ending Accounted for 4 Costs Work in process, beginning Costs added during period 7 Total costs to account for e Divided by equivalent units - Equivalent unit costs 31 Assignment of costs 32 Costs transferred out 3 Work in process, ending Direct materials Conversion Costs accounted for 4 Prepare the real tries to record the use of direct material, son costs and the transfer of completed wait to the testing process. s 6 Account Debit Credi 7 10 44 Sheet Now

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