Question: Please Excel format. a way to transfer it into Excel. Instructions: Please fulfill the Process Costing requirements below. Your answers must be in Excel Spreadsheet
Please Excel format. a way to transfer it into Excel.
Instructions: Please fulfill the Process Costing requirements below. Your answers must be in
Excel Spreadsheet format and should be submitted on Canvas. You must name the file with your
last name, first name and project name.
Project Question:
Mind Company manufactures car seats in its Fresno plant. Each car seat passes through the
assembly department and the testing department. This problem focuses on the assembly
department. The processcosting system at Mind Company has a single directcost category
direct materials and a single indirectcost category conversion costs Direct materials are
added at the beginning of the process. Conversion costs are added evenly during the process.
When the assembly department finishes work on each car seat, it is immediately transferred to
testing.
Mind Company uses the weightedaverage method of process costing. Data for the
assembly department for October are as follows:
Use the Weighted Average Method for the prompts below:
For each cost category, compute equivalent units in the assembly department. Show physical
units in the first column of your schedule.
For each cost category, summarize total assembly department costs for October and
calculate the cost per equivalent unit.
Assign costs to units completed and transferred out and to units in ending work in process.
Prepare a set of summarized journal entries for all October transactions affecting Work
in ProcessAssembly. Set up a Taccount for Work in ProcessAssembly and post your
entries to it
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