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Question: liet to the information for alfombra inc on the previous...

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liet to the information for Alfombra Inc. on the previous page. The owner of Alfombra sisted on a formal report that provided all the details of the weighted average miethod. In manufacturing process, all materials are added uniformly throughout the process Required: Prepare a production report for the throw rug department for August using the weighted age method. Problem 6-61 Weighted Average Method, Physical Flow, Equivalent Units, Unit Costs, Cost Assignment Mimasca Inc. manufactures various holiday masks. Each mask is shaped from a piece of rubbe in the molding department. The masks are then transferred to the finishing department, whete they are painted and have elastic bands attached. Mimasca uses the weighted average method. May, the molding department reported the following data: a. BWIP consisted of 15,000 units, 20% complete. Cost in beginning inventory totaled $1,656 b. Costs added to production during the month were $26,094. c. At the end of the month, 45,000 units were transferred out to finishing. Then, 5,000 unit remained in EWIP, 25% complete. Required: 1. Prepare a physical flow schedule. 2. Calculate equivalent units of production. 3. Compute unit cost. 4. Calculate the cost of goods transferred to finishing at the end of the month. Calculate the cost of ending inventory 5. CONCEPTUAL CONNECTION Assume that the masks are inspected at the end of the molding process. Ofthe 45,000 units inspected, 2.500 are rejected as faulty and are discarded. Thus, only 42,500 units manager of Mimasca considers all suc assign any of this cost to the 42,500 g Your task is to determine the cost o how you would account for this spoilage cost. Now suppose this spoilage cost is just part of the cost of producing thegooanage Therefore, he wants to assign this cost to the good productio are transferred to the finishing department. The h spoilage as abnormal and does not want to f this spoilage of 2,500 units and then to discuss units transferred out ood units produced and transferred to finishing. units of spoilage be handled. (Hint: Spoiled units are a type of output, and equivaln how this would can be calculateChapter 6 Process Costing lse the following information for Problems 6-62 and 6-63: Millie Company produces a product that passes through an assembly process and a finish- ing process. All manufacturing costs are added uniformly for both processes. The following information was obtained for the assembly department for June a. WIP, June l, had 24,000 units (60% completed) and the following costs: Dircct materials Direct labor Overhead applied $186,256 64,864 34.400 t of b. During June. 70,000 units were completed and transferred to the finishing department, and the following costs were added to production: bra In the Direct materials Direct labor Overhead applied $267,880 253,000 117,600 On June 30, there were 10,000 partially completed units in process. These units were 70% complete. c. d aver Problem 6-62 Weighted Average Method, Single-Department Analysis Refer to the information for Millie Company above. Required Prepare a production report for the assembly department for June using the weighted averags it bbe hett d lh method of costing The report should disclose the physical flow of units, eçquivalent units, and unit costs and should track the disposition of manufacturing costs Problem 6-63 (Appendix 6A) First-In, First-Out Method; Single-Department Analysis; One Cost Category Refer to the information for Millie Company above Reauired production report for the assembly department for Jane using the FIFO metho

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