Question: Please solve it quickly Save Answer 9 points A company manufactures a product on a highly automated assembly line. Its costing system uses two cost

 Please solve it quickly Save Answer 9 points A company manufactures

Please solve it quickly

Save Answer 9 points A company manufactures a product on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process Conversion costs are allocated evenly throughout production. The company uses weighted average costing 250 units Data for the Assembly Department are: Work in process, beginning inventory Direct materials (100% complete) Conversion costs (50% complete) Costs of work in process, beginning inventory Direct materials Conversion costs $180 200 $271 325 Units started during June Units completed and transferred Work in process, ending inventory Direct materials (100% complete) Conversion costs (70% complete) 800 units 900 units 150 units Costs added during June 2009 Direct materials costs Conversion costs $339550 S276400 REQUIRED: (a) Prepare a production cost worksheet with supporting schedules using the weighted-average method of process costing. . Click this link production cost worksheet and enter your answers. After that you should be able to save your work in the excel template and then UPLOAD it in the answer section below. (b) Prepare journal entries to record transferring of materials and conversion costs to assembly and from assembly to testing. . Click this link Journal Entries template and enter your answers. After that you should be able to save your work in the excel template and then UPLOAD it in the answer section below

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