TELE Problem 25 points) BabySaft, Inc maken car seats in a local factory. It uses the weighted average process costiny w

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Tele Problem 25 Points Babysaft Inc Maken Car Seats In A Local Factory It Uses The Weighted Average Process Costiny W 1 (39.03 KiB) Viewed 27 times

TELE Problem 25 points) BabySaft, Inc maken car seats in a local factory. It uses the weighted average process costiny wystem. The factory has three departments Molding. Asembling and Finishing. For the Assembling Department you have the following information: Work In Procent on August 10,000 units Cost transferred in from Molding $199,000 100% complete Direct Materials costs $328.800 60% complete Conversion costs 183.000 40% complete Costs incurred in Aumat Transferred in from Molding $4,284,000 Dureet Materials $1,879,200 Conversion Costs $ 450,000 102,000 units were transfered in from Molding during Aurust and 16,000 remained in ending work in process, The ending work in process was 100% complete for costs transferred in. 90% complete for direct materials and 50% complate for conversion costa Required: 1. For the Assembling Department calculate the cost of good transferred out in August to the Finishing department and the amount of werk in process remaining in assembly at the end of August using the weighted average ampion 2 Show how that reconciles to the costs to account for. You should use ournal entries and T account 3. Repeat the first to requirement in the FIFO emption