Top That! Manufactures baseball caps. Material is introduced at the beginning of the process in the Cutting department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. The company uses the weighted average process costing method. Data for the Cutting Department for the month of February follow:
Work-in-process, January 31 is 50,000 units:
100 percent complete for direct materials
40 percent complete for conversion costs
Actual costs of direct materials $70,500
Actual costs of conversion $34,050
Units started during February: 225,000
Units completed during February: 200,000
Work-in-process, February 28: 75,000 units
100% complete for direct materials
20% complete for conversion costs
Actual costs added during February:
Direct materials: $342,000
Conversion costs: $352,950
1. The equivalent units of work in the cutting department for the month of February are:
2. The cost per equivalent whole unit produced in the cutting department during February is:
3. The assignment of costs to the February 28 ending balance of the cutting department work-in process account is:
4. To record direct materials transferred into the cutting department during February, the company would debit work-in-process:
5. To record conversion costs incurred in the cutting department for production during the month of February the department's work-in-process account would be debited:
6. To record the transfer of February's production from the cutting department to the sewing department the cutting department work-in-process account would be credited: