Physical Rew of Us Work in Process Beginning Units Started this period Units to Account for 11201) Total transfered out Wonin Process - Ending Total Accounted for 12.00 12.00 (1205) 12.05 Equivalent Us Conversion Road to replaces 112.07 12.00 12.00 calcost conversion is proud to be places, 112.103 col cost to acceso Round places 112.11) Cod PC or CMOCENSPICIOUS Deplaces 112.13 112.13 112.10 12.15 (12.16 Projected Balance Sheet As of December 31, 2017 Cument Act $ Accounts Receivable Inventory 34.710.00 67.500.00 8.000.00 500 DO 0 3000 530.00 90.00000 32001000 Work in Process Total Ourense Puede Equipment Accumulated Depreciation Total Fede Total $ 20,000.00 5.80000 13.200.00 Quments Accounts Payable 4.000.00 54.000.00 Stockholders tout Common Stock Rendange Towand Stockholders $12.000.00 147 41000 Process Costing - First-In First-Out General Information The I See The Light Company has a related company that produces the figures. They we process couting in the molding department. The factory overhead is applied at a rate of 50% of direct labor dolor 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 3,300 figurines at a cost of $58,740.00. Os amount. $52,800.00 was from raw materials added, 53.960.00 for labor and $1,980.00 for overhead. These 3,300 figures were assumed to be 60.00% complete as to labor and overhead During January 24,000 unts we started, 5388,580.00 of material and 545,440.00 of tubercuts were maumed. The 6.500 figures that were in proces at the end of January were assumed to be 60.00% complete to labor and overhead figurines in January passed inspection Physical Rew of Us Work in Process Beginning Units Started this period Units to Account for 11201) Total transfered out Wonin Process - Ending Total Accounted for 12.00 12.00 (1205) 12.05 Equivalent Us Conversion Road to replaces 112.07 12.00 12.00 calcost conversion is proud to be places, 112.103 col cost to acceso Round places 112.11) Cod PC or CMOCENSPICIOUS Deplaces 112.13 112.13 112.10 12.15 (12.16 Projected Balance Sheet As of December 31, 2017 Cument Act $ Accounts Receivable Inventory 34.710.00 67.500.00 8.000.00 500 DO 0 3000 530.00 90.00000 32001000 Work in Process Total Ourense Puede Equipment Accumulated Depreciation Total Fede Total $ 20,000.00 5.80000 13.200.00 Quments Accounts Payable 4.000.00 54.000.00 Stockholders tout Common Stock Rendange Towand Stockholders $12.000.00 147 41000 Process Costing - First-In First-Out General Information The I See The Light Company has a related company that produces the figures. They we process couting in the molding department. The factory overhead is applied at a rate of 50% of direct labor dolor 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 3,300 figurines at a cost of $58,740.00. Os amount. $52,800.00 was from raw materials added, 53.960.00 for labor and $1,980.00 for overhead. These 3,300 figures were assumed to be 60.00% complete as to labor and overhead During January 24,000 unts we started, 5388,580.00 of material and 545,440.00 of tubercuts were maumed. The 6.500 figures that were in proces at the end of January were assumed to be 60.00% complete to labor and overhead figurines in January passed inspection