Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,500 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion Units 2,500 10,500 9,500 3,500 Percent Complete for Percent Direct Materials 60% $ 1,427 510 12,488 15,840 90% Complete for Conversion 40% $ 1,937 28,328 40% QS 3-16A (Algo) FIFO: Assigning costs to output LO C2 Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that remain in work in process in the Assembly department at month-end. Use the FIFO method. Note: Do not round intermediate calculations.
Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,500 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion Units 2,500 10,500 9,500 3,500 Percent Complete for Percent Direct Materials 60% $ 1,427 510 12,488 15,840 90% Complete for Conversion 40% $ 1,937 28,328 40% QS 3-16A (Algo) FIFO: Assigning costs to output LO C2 Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that remain in work in process in the Assembly department at month-end. Use the FIFO method. Note: Do not round intermediate calculations.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 20E: Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through...
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Concept explainers
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
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Question
Transcribed Image Text:QS 3-16A (Algo) FIFO: Assigning costs to output LO C2
Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that
remain in work in process in the Assembly department at month-end. Use the FIFO method.
Note: Do not round intermediate calculations.
Beginning work in process
To complete beginning work in process
Direct materials
Conversion
Started and completed
Direct materials
Conversion
Completed and transferred out
Ending work in process
Direct materials
Conversion
Total costs accounted for
CARLBERG COMPANY
Cost assignment-FIFO
EUP
1,427
510
Cost per EUP
Total Cost
$
$
$
1,937
0
0
1,937
0
1,937
![!
Required information
Use the following information for the Quick Study below. (Algo)
[The following information applies to the questions displayed below.]
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,500
units during November. The following production activity in both units and costs refers to the Assembly department's
November activities.
Assembly Department
Beginning work in process inventory
Units started this period
Units completed and transferred out
Ending work in process inventory
Cost of beginning work in process
Direct materials
Conversion
Costs added this month
Direct materials
Conversion
Units
2,500
10,500
9,500
3,500
Percent
Complete for
Direct
Materials
60%
$ 1,427
510
12,488
15,840
90%
Percent
Complete for
Conversion
40%
$ 1,937
28,328
40%
QS 3-16A (Algo) FIFO: Assigning costs to output LO C2
Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that
remain in work in process in the Assembly department at month-end. Use the FIFO method.
Note: Do not round intermediate calculations.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb87a4fec-84a6-47f1-ad5d-e0f297dacf37%2F21feaa07-bf30-41bc-b740-c6c8d2f4c2f6%2Fw6ke4fk_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
Use the following information for the Quick Study below. (Algo)
[The following information applies to the questions displayed below.]
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,500
units during November. The following production activity in both units and costs refers to the Assembly department's
November activities.
Assembly Department
Beginning work in process inventory
Units started this period
Units completed and transferred out
Ending work in process inventory
Cost of beginning work in process
Direct materials
Conversion
Costs added this month
Direct materials
Conversion
Units
2,500
10,500
9,500
3,500
Percent
Complete for
Direct
Materials
60%
$ 1,427
510
12,488
15,840
90%
Percent
Complete for
Conversion
40%
$ 1,937
28,328
40%
QS 3-16A (Algo) FIFO: Assigning costs to output LO C2
Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that
remain in work in process in the Assembly department at month-end. Use the FIFO method.
Note: Do not round intermediate calculations.
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