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Assignment 3 100 Marks Due: 30 March 2020 Question 5 Plaid-Clad manufactures golfbags in a two-department process Assembly and Finishing The Assembly Department uses weighted average costing the percentage completion of overhead in this department is unrelated to direct labour The Finishing Department adds hardware to the assembled bags and uses FIFO costing Overhead is applied in this department on a direct labour basis For June, the following production data and costs were gathered 250 8 800 400 Assembly Department: Units Beginning WIP inventory (100% complete for DM 40% complete for DL and 30% complete for OH Units started Ending WIP inventory (100% complete for DM 70% complete for DL and 90% complete for OH) Assembly Department: Costs DM DL OH Beginning WIP inventory 3 755 090 250 Current period 100 320 6 3 606 27 681 Tots costs 104 075 64 296 27 931 Total 4 695 191 607 196 302 8 650 Finishing Department: Units Beginning WIP inventory (100% complete for transferred in, 15% 100 complete for DM and 40% complete for Conversion) Units transferred in Ending WIP inventory (100% complete for transferred in: 30% complete for DM and 65% complete for Conversion) Finishing Department: Costs Transferred DM Conversion Total Beginning WIP inventory 2 176 30 2 301 Current period 188 570 15 471 21 600 225 641 Total costs 190 746 15 501 21 895 227 942 Required: 51 52 Prepare a Production Report for the Assembly Department Prepare a Production Report for the Finishing Department Assignment 3 100 Marks Due: 30 March 2020 Question 5 Plaid-Clad manufactures golfbags in a two-department process Assembly and Finishing The Assembly Department uses weighted average costing the percentage completion of overhead in this department is unrelated to direct labour The Finishing Department adds hardware to the assembled bags and uses FIFO costing Overhead is applied in this department on a direct labour basis For June, the following production data and costs were gathered 250 8 800 400 Assembly Department: Units Beginning WIP inventory (100% complete for DM 40% complete for DL and 30% complete for OH Units started Ending WIP inventory (100% complete for DM 70% complete for DL and 90% complete for OH) Assembly Department: Costs DM DL OH Beginning WIP inventory 3 755 090 250 Current period 100 320 6 3 606 27 681 Tots costs 104 075 64 296 27 931 Total 4 695 191 607 196 302 8 650 Finishing Department: Units Beginning WIP inventory (100% complete for transferred in, 15% 100 complete for DM and 40% complete for Conversion) Units transferred in Ending WIP inventory (100% complete for transferred in: 30% complete for DM and 65% complete for Conversion) Finishing Department: Costs Transferred DM Conversion Total Beginning WIP inventory 2 176 30 2 301 Current period 188 570 15 471 21 600 225 641 Total costs 190 746 15 501 21 895 227 942 Required: 51 52 Prepare a Production Report for the Assembly Department Prepare a Production Report for the Finishing Department