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ETTERER Engine Corporation manufactures a single model of gasoline engine used in lawn mowers, portable genereators and pumps. The basic engine block is cast from steel and machined in the Casting Department. Then it is trasferred to the Assembly Department, where the crank shaft, valves and other component parts are added. After assembly, it it transferred to the finishing department where the engine is tested. Data related to February operations are:  Quantity data:  Casting Assembly Finishing WIP, beg 500 1,000 300 Stage of completion 25% 50% 50% TransferredtonextDept 2,700 2,900 2,800 WIP, end 800 800 400 Stage of Completion 90% 40% 50% Cost data:       WIP, beg       Cost from preceding dept   63,150 42,840 Materials 10,925 40,258   Direct labor 338 12,426 2,760 FOH 2,839 12,426 4,140 Factory Costs:       Materials 146,575 116,480   Direct Labor 16,362 44,408 12,240 FOH 48,461 44,408 18,360

ETTERER Engine Corporation manufactures a single model of gasoline engine used in lawn mowers, portable genereators and pumps. The basic engine block is cast from steel and machined in the Casting Department. Then it is trasferred to the Assembly Department, where the crank shaft, valves and other component parts are added. After assembly, it it transferred to the finishing department where the engine is tested. Data related to February operations are:  Quantity data:  Casting Assembly Finishing WIP, beg 500 1,000 300 Stage of completion 25% 50% 50% TransferredtonextDept 2,700 2,900 2,800 WIP, end 800 800 400 Stage of Completion 90% 40% 50% Cost data:       WIP, beg       Cost from preceding dept   63,150 42,840 Materials 10,925 40,258   Direct labor 338 12,426 2,760 FOH 2,839 12,426 4,140 Factory Costs:       Materials 146,575 116,480   Direct Labor 16,362 44,408 12,240 FOH 48,461 44,408 18,360

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 16M
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Using FIFO compute for the Equivalent unit for Finishing Department.

 

BETTERER Engine Corporation manufactures a single model of gasoline engine used in lawn mowers, portable genereators and pumps. The basic engine block is cast from steel and machined in the Casting Department. Then it is trasferred to the Assembly Department, where the crank shaft, valves and other component parts are added. After assembly, it it transferred to the finishing department where the engine is tested. Data related to February operations are: 

Quantity data:  Casting Assembly Finishing
WIP, beg 500 1,000 300

Stage of completion

 25% 50% 50%

TransferredtonextDept

 2,700 2,900 2,800
WIP, end 800 800 400
Stage of Completion 90% 40% 50%
Cost data:      
WIP, beg      
Cost from preceding dept   63,150 42,840
Materials 10,925 40,258  
Direct labor 338 12,426 2,760
FOH 2,839 12,426 4,140
Factory Costs:      
Materials 146,575 116,480  
Direct Labor 16,362 44,408 12,240
FOH 48,461 44,408 18,360
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