Question: I need the answer before tomorrow 2pm please!! please i need the answer befor tomorrow 2pm Tavia Limited manufactures a plastic gasket that is used

I need the answer before tomorrow 2pm please!!
I need the answer before tomorrow 2pm please!!
I need the answer before tomorrow 2pm please!!
please i need the answer befor tomorrow 2pm
I need the answer before tomorrow 2pm please!!
I need the answer before tomorrow 2pm please!!
Tavia Limited manufactures a plastic gasket that is used in automobile engines. The gaskets go through three processing departments: Mixing, Forming, and Stamping. The company's accountant (who is very inexperienced) has prepared a summary of production and costs for the Forming Department for October, as follows: $ 22,420 81,480 Work in process inventory, October 1 (8,000 units; materials 100% complete; conversion 7/8 complete) Costs transferred in from the Mixing Department Material added during October (added when processing is sex complete in the Forming Department) Conversion costs added during October Total departmental costs Forming Department costs assigned to: Units completed and transferred to the Stamping Department (100,000 units at $2.284 each) Work in process inventory, October 31 (5,000 units, conversion 2/5 complete) Total departmental costs assigned 27.600 96.900 $228,400 $228,400 5228,400 *Consists of cost transferred in, 58,820, materials cost $3,400, and conversion costs, $10.200. Consists of cost transferred in, $8.820, materials cost, $3,400, and conversion costs, $10,200. After mulling over the data above, Tavia's president commented. "I can't understand what's happening here. Despite a concentrated effort at cost reduction, our unit cost actually went up in the Forming Department last month. With that kind of performance, year-end bonuses are out of the question for the people in that department." The company uses the weighted-average method in its process costing Required: 1. Calculate the following by preparing a report for the Forming Department for October (Round Cost per equivalent unit answers to 2 decimal places.) Transferred In Materials Conversion Total Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory Cost of units completed and transferred out Tavia Limited manufactures a plastic gasket that is used in automobile engines. The gaskets go through three processing departments: Mixing. Forming, and Stamping. The company's accountant (who is very inexperienced) has prepared a summary of production and costs for the Forming Department for October, as follows $ 22,420 81,480 Work in process inventory, October 1 (8,000 units; materials 100% complete; conversion 7/8 complete) Costs transferred in from the Mixing Department Material added during October (added when processing is 50% complete in the Forming Department) Conversion costs added during October Total departmental costs Forming Department costs assigned to: Units completed and transferred to the Stamping Department (100,000 units at $2.284 each) Work in process inventory, October 31 (5,000 units, conversion 2/5 complete) Total departmental costs assigned 27,600 96,900 $228,400 $228,400 5228,400 *Consists of cost transferred in $8,820; materials cost, $3,400, and conversion costs. $10.200 *Consists of cost transferred in. $8,820, materials cost, $3,400, and conversion costs, $10,200. After mulling over the data above, Tavia's president commented. "I can't understand what's happening here. Despite a concentrated effort at cost reduction, our unit cost actually went up in the Forming Department last month. With that kind of performance, year-end bonuses are out of the question for the people in that department." The company uses the weighted average method in its process costing. Required: 1. Calculate the following by preparing a report for the Forming Department for October (Round Cost per equivalent unit answers to 2 decimal places.) Answer is not complete. Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory Cost of units completed and transferred out Transferred Materials Conversion Total In 105.000 100,000 102,000 $ 0.865 031S 105 $ 86,000 331,000 3 S 105.000 X 5222 000 $ 5 4 300 S 2.100 $6.400 Tavia Limited manufactures a plastic gasket that is used in automobile engines. The gaskets go through three processing departments: Mixing, Forming, and Stamping. The company's accountant (who is very inexperienced) has prepared a summary of production and costs for the Forming Department for October, as follows: $ 22,420 81,480 Work in process inventory, October 1 (8,000 units; materials 100% complete; conversion 7/8 complete) Costs transferred in from the Mixing Department Material added during October (added when processing is sex complete in the Forming Department) Conversion costs added during October Total departmental costs Forming Department costs assigned to: Units completed and transferred to the Stamping Department (100,000 units at $2.284 each) Work in process inventory, October 31 (5,000 units, conversion 2/5 complete) Total departmental costs assigned 27.600 96.900 $228,400 $228,400 5228,400 *Consists of cost transferred in, 58,820, materials cost $3,400, and conversion costs, $10.200. Consists of cost transferred in, $8.820, materials cost, $3,400, and conversion costs, $10,200. After mulling over the data above, Tavia's president commented. "I can't understand what's happening here. Despite a concentrated effort at cost reduction, our unit cost actually went up in the Forming Department last month. With that kind of performance, year-end bonuses are out of the question for the people in that department." The company uses the weighted-average method in its process costing Required: 1. Calculate the following by preparing a report for the Forming Department for October (Round Cost per equivalent unit answers to 2 decimal places.) Transferred In Materials Conversion Total Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory Cost of units completed and transferred out Tavia Limited manufactures a plastic gasket that is used in automobile engines. The gaskets go through three processing departments: Mixing. Forming, and Stamping. The company's accountant (who is very inexperienced) has prepared a summary of production and costs for the Forming Department for October, as follows $ 22,420 81,480 Work in process inventory, October 1 (8,000 units; materials 100% complete; conversion 7/8 complete) Costs transferred in from the Mixing Department Material added during October (added when processing is 50% complete in the Forming Department) Conversion costs added during October Total departmental costs Forming Department costs assigned to: Units completed and transferred to the Stamping Department (100,000 units at $2.284 each) Work in process inventory, October 31 (5,000 units, conversion 2/5 complete) Total departmental costs assigned 27,600 96,900 $228,400 $228,400 5228,400 *Consists of cost transferred in $8,820; materials cost, $3,400, and conversion costs. $10.200 *Consists of cost transferred in. $8,820, materials cost, $3,400, and conversion costs, $10,200. After mulling over the data above, Tavia's president commented. "I can't understand what's happening here. Despite a concentrated effort at cost reduction, our unit cost actually went up in the Forming Department last month. With that kind of performance, year-end bonuses are out of the question for the people in that department." The company uses the weighted average method in its process costing. Required: 1. Calculate the following by preparing a report for the Forming Department for October (Round Cost per equivalent unit answers to 2 decimal places.) Answer is not complete. Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory Cost of units completed and transferred out Transferred Materials Conversion Total In 105.000 100,000 102,000 $ 0.865 031S 105 $ 86,000 331,000 3 S 105.000 X 5222 000 $ 5 4 300 S 2.100 $6.400

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!