Jigsaw Puzzle Company produces puzzles in large batches. The company uses operation costing and manufactures their...

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Jigsaw Puzzle Company produces puzzles in large batches. The company uses operation costing and manufactures their puzzles in four operations. In the Cutting operation, the puzzles are cut to correct sizes of pieces. In Finishing, the edges are smoothed to ensure a good fit. In Laminating, the puzzles are covered with a protective coating to protect the colored ink. In Packaging, the puzzles are inspected and packaged. Not all puzzles go through Finishing. During March of the current year, the following conversion costs will be incurred by the company: Cutting Finishing Laminating Packaging $104,000 $64,000 $28,000 $28,000 Jigsaw Puzzle Company computes conversion cost rates per puzzle each month. In March, the company will manufacture 35000 puzzles, 15000 of which will not go through Finishing. Details of two work orders for March are as follows: # of puzzles Direct Materials Finishing? REQUIRED: WO#104 WO#105 2,200 $48,000 3,000 $76,000 No Yes 1. Compute the Conversion Cost allocation rates per puzzle for March. 2. Calculate the total costs and the costs per puzzle for each of the two work orders. 3. Journalize WO#105 from start to finish. Assume all direct materials are added at the start of the Cutting operation. Jigsaw Puzzle Company produces puzzles in large batches. The company uses operation costing and manufactures their puzzles in four operations. In the Cutting operation, the puzzles are cut to correct sizes of pieces. In Finishing, the edges are smoothed to ensure a good fit. In Laminating, the puzzles are covered with a protective coating to protect the colored ink. In Packaging, the puzzles are inspected and packaged. Not all puzzles go through Finishing. During March of the current year, the following conversion costs will be incurred by the company: Cutting Finishing Laminating Packaging $104,000 $64,000 $28,000 $28,000 Jigsaw Puzzle Company computes conversion cost rates per puzzle each month. In March, the company will manufacture 35000 puzzles, 15000 of which will not go through Finishing. Details of two work orders for March are as follows: # of puzzles Direct Materials Finishing? REQUIRED: WO#104 WO#105 2,200 $48,000 3,000 $76,000 No Yes 1. Compute the Conversion Cost allocation rates per puzzle for March. 2. Calculate the total costs and the costs per puzzle for each of the two work orders. 3. Journalize WO#105 from start to finish. Assume all direct materials are added at the start of the Cutting operation.