just 17-42

1. Cohe Problem 17-41 using the FIFO method of process costing. method? Exnlain hriefly 17.41 Weighted-average method. McKnight Handcraft is a manufacturer of picture frames for large tallers. 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 McKnight hes 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. McKnight uses the weighted average method of process costing. Consider the following data for the assembly department in April 2017: ring the FIFO process-costing method, complete Proble 17-4 method (continuation of 17-41). Direct Conversion Physical Unit (Frames) Materials Costs 60 $ 1,530 $ 156 Work in process, April 1 Started during April 2017 510 Completed during April 2017 450 Work in process, April 30b 120 Total costs added during April 2017 $17,850 $11,544 Degree of completion direct materials, 100%; conversion costs, 40%. "Degree of completion direct materials, 100%; conversion costs, 15%. 1. Summarize the total assembly department costs for April 2017, and assign them to units completed (and transferred out) and to units in ending work in process. 2 Waues should a manager focus on when reviewing the equivalent units calculation? 2 you wid Problem 17-41, explain any difference between the cost of work completed and transferred Out the cost of ending work in process in the assembly department under the weighted-average me and the FIFO method. Should McKnight's managers choose the weighted