Question 3 General Fabricators assembles its product in several departments. It has two departments that process...

 

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Question 3 General Fabricators assembles its product in several departments. It has two departments that process all units. During October, the beginning work in process in the cutting department was half completed as to conversion, and complete as to direct materials (100%). The beginning inventory included $12,000 for materials and $3,000 for conversion costs. Ending work-in-process inventory in the cutting department was 40% complete. Direct materials are added at the beginning of the process. Cutting 20,000 40,000 50,000 10,000 $48,000 $16,000 $8,000 Finishing 20,000 50,000 Beginning work-in-process units Units started this period Units transferred this period Ending work-in-process units Material costs added Direct manufacturing labor Other conversion costs Required: Prepare a production cost worksheet using FIFO for the cutting department. 20,000 $28,000 $40,000 $24,000 Question 3 General Fabricators assembles its product in several departments. It has two departments that process all units. During October, the beginning work in process in the cutting department was half completed as to conversion, and complete as to direct materials (100%). The beginning inventory included $12,000 for materials and $3,000 for conversion costs. Ending work-in-process inventory in the cutting department was 40% complete. Direct materials are added at the beginning of the process. Cutting 20,000 40,000 50,000 10,000 $48,000 $16,000 $8,000 Finishing 20,000 50,000 Beginning work-in-process units Units started this period Units transferred this period Ending work-in-process units Material costs added Direct manufacturing labor Other conversion costs Required: Prepare a production cost worksheet using FIFO for the cutting department. 20,000 $28,000 $40,000 $24,000

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Particulars Physical units Material Conversion Units to be accounted ... View the full answer