Work in Process Inventory—Plating March 1 balance
33,900
Transferred-in from Shaping
40,800
Direct materials
27,600
Direct labor
22,500
Manufacturing overhead
34,800
The direct materials (rubber pads) are added at the end of the plating process. Conversion costs are incurred evenly throughout the process. Work in process of the Plating Department on
MarchMarch
1 consisted of
1 comma 800 1,800
racks. The
$ 33 comma 900$33,900
beginning balance of"Work in
Processlong dash—Plating"
includes
$ 20 comma 400$20,400
of transferred-in cost and
$ 13 comma 500$13,500
of conversion cost. During
MarchMarch,
1 comma 8001,800
racks were transferred in from the Shaping Department. The Plating Department transferred
2 comma 3002,300
racks to Finished Goods Inventory in
MarchMarch,
and
1 comma 3001,300
were still in process on
MarchMarch
3131.
This ending inventory was 50% of the way through the plating process.
Equivalent Unit Computations (Weighted-Average)
Month Ended March 31
Flow of
Equivalent Units
Physical
Transferred-
Direct
Conversion
Flow of Production
Units
in
Materials
Costs
Units accounted for:
Beginning work in process, March 1
20400
0
Plus: Started in production during March
Total physical units to account for
Total equivalent units
Now we will begin the production cost report by completing the first half of the report. Compute the cost per equivalent unit.(For entries with a $0 balance, make sure to enter "0" in the appropriate column.)
Plating Department
Cost per Equivalent Unit (Weighted-Average)
Month Ended March 31
Transferred-
Direct
Conversion
in
Materials
Costs
Total
Cost per equivalent unit
Complete the
MarchMarch
production cost report by assigning the costs to units completed and transferred out and to ending inventory. (Enter quantitiesfirst, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. For entries with a zerobalance, make sure to enter "0" in the appropriate cell(s).)
Plating Department
Month Ended March 31
Assigning Costs
Transferred-
Direct
Conversion
in
Materials
Costs
Total
Completed and transferred out:
Ending work in process:
Total costs accounted for
Requirement 3. Journalize all transactions affecting the Plating Department during
MarchMarch,
including the entries that have already been posted. Assume the wages are unpaid.
Record the journal entry for the cost of the units transferred in from the Shaping Department. (Record debits first, then credits. Exclude explanations from any journalentries.)
Journal Entry
Date
Accounts
Debit
Credit
Record the direct materials, direct labor, and manufacturing overhead to the Plating Department.
Journal Entry
Date
Accounts
Debit
Credit
Prepare the journal entry to record the cost of units completed and transferred out.
Journal Entry
Date
Accounts
Debit
Credit
Choose from any list or enter any number in the input fields and then continue to the next question.