! 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 10,900 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Units Direct Materials Beginning work in process inventory 2,500 60% Percent Complete for Percent Complete for Conversion 40% Units started this period 10,900 Units completed and transferred out 9,500 Ending work in process inventory 3,900 80% 30% Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion $ 944 533 $ 1,477 11,676 15,472 27,148 QS 16-12 (Algo) Weighted average: Assigning costs to output LO P1 Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that remain in process in the Assembly department at month-end. Use the weighted average method. Note: Do not round intermediate calculations. Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for CARLBERG COMPANY Cost assignment-Weighted average EUP Cost per EUP Total Cost $ 0 0 $ 0
! 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 10,900 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Units Direct Materials Beginning work in process inventory 2,500 60% Percent Complete for Percent Complete for Conversion 40% Units started this period 10,900 Units completed and transferred out 9,500 Ending work in process inventory 3,900 80% 30% Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion $ 944 533 $ 1,477 11,676 15,472 27,148 QS 16-12 (Algo) Weighted average: Assigning costs to output LO P1 Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that remain in process in the Assembly department at month-end. Use the weighted average method. Note: Do not round intermediate calculations. Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for CARLBERG COMPANY Cost assignment-Weighted average EUP Cost per EUP Total Cost $ 0 0 $ 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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![!
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 10,900
units during November. The following production activity in both units and costs refers to the Assembly department's
November activities.
Assembly Department
Units
Direct
Materials
Percent
Complete for
Percent
Complete for
Conversion
Beginning work in process inventory
Units started this period
2,500
60%
40%
10,900
Units completed and transferred out
9,500
Ending work in process inventory
3,900
80%
30%
Cost of beginning work in process
Direct materials
Conversion
Costs added this month
Direct materials
Conversion
$ 944
533
$ 1,477
11,676
15,472
27,148
QS 16-12 (Algo) Weighted average: Assigning costs to output LO P1
Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that
remain in process in the Assembly department at month-end. Use the weighted average method.
Note: Do not round intermediate calculations.
Completed and transferred out
Direct materials
Conversion
Ending work in process
Direct materials
Conversion
Total costs accounted for
CARLBERG COMPANY
Cost assignment-Weighted average
EUP
Cost per EUP
Total Cost
$
0
0
$
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F70fa6238-280f-4d1d-9232-bbc88d0d9715%2F7a92dc72-7b16-43a7-ac28-f3eef765abae%2Fz1fpftn_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 10,900
units during November. The following production activity in both units and costs refers to the Assembly department's
November activities.
Assembly Department
Units
Direct
Materials
Percent
Complete for
Percent
Complete for
Conversion
Beginning work in process inventory
Units started this period
2,500
60%
40%
10,900
Units completed and transferred out
9,500
Ending work in process inventory
3,900
80%
30%
Cost of beginning work in process
Direct materials
Conversion
Costs added this month
Direct materials
Conversion
$ 944
533
$ 1,477
11,676
15,472
27,148
QS 16-12 (Algo) Weighted average: Assigning costs to output LO P1
Assign costs to the Assembly department's output-specifically, the units transferred out to the Painting department and the units that
remain in process in the Assembly department at month-end. Use the weighted average method.
Note: Do not round intermediate calculations.
Completed and transferred out
Direct materials
Conversion
Ending work in process
Direct materials
Conversion
Total costs accounted for
CARLBERG COMPANY
Cost assignment-Weighted average
EUP
Cost per EUP
Total Cost
$
0
0
$
0
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