Stem Games manufactures playing cards. It has three departments: Printing, Cutting & Collating, and Wrapping. Transferred -
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Question:
Stem Games manufactures playing cards. It has three departments: Printing, Cutting & Collating, and Wrapping. Transferredin costs are considered materials costs. The following information is available for the Wrapping department for the month of October:
Physical Units
Beginning work in process
complete for materials, complete for conversion
Decks transferred in
Decks completed and transferred to Finished Goods Inventory
Ending Work in Process
complete for materials, complete for conversion
Costs:
Beginning work in process:
Direct materials $
Conversion cost $
Costs transferred in $
October costs:
Direct materials $
Conversion costs $
Required:
Using the weightedaverage method of process costing,
Reconcile the number of physical decks worked on during the month.
Calculate the number of equivalent decks for the Wrapping department.
Calculate the cost per equivalent deck.
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118033890
3rd Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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