Weighted Average Method, FIFO Method, Physical Flow, EquivalentUnits Heap Company manufactures a product that passes through two processes: Fabrication and As-sembly. The following information was obtained for the Fabrication Department for September: a. All materials are added at the beginning of the process.b. Beginning work in process had 80,000 units, 30 percent complete with respect to conversioncosts.c. Ending work in process had 17,000 units, 25 percent complete with respect to conversioncosts.d. Started in process, 95,000 units.Required:1. Prepare a physical flow schedule.2. Compute equivalent units using the weighted average method.3. Compute equivalent units using the FIFO method.

Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Middelton Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for October: All materials are added at the beginning of the process. Beginning work in process had 80,500 units, 30 percent complete with respect to conversion costs. Ending work in process had 14,000 units, 40 percent complete with respect to conversion costs. Started in process, 91,000 units. Required: 1. Prepare a physical flow schedule. Middelton Company Physical Flow Schedule Units to account for:           Total units to account for   Units accounted for:   Units completed and transferred out:               Total units accounted for     2. Compute equivalent units using the weighted average method. Weighted average method: Equivalent Units Direct Materials   Conversion Costs   3.…

White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process—Sifting Department was as follows on July 1:Work in Process—Sifting Department (900 units, 3/5 completed) on July 1Cost Source Dollar AmountDirect Materials (900 x $3.15) $2,835Conversion (900 x 3/5 x $0.30) 162Total Materials and Conversion 2,997The following costs were charged to Work in Process—Sifting Department during July:Work in Process—Sifting DepartmentCost Source Dollar AmountDirect materials transferred from Milling Department: 15,700 units at $2.30 a unit $36,110Direct Labor 5,420Factory Overhead 2,384During July, 15,500 units of flour were completed. Work in Process—Sifting Department on July 31 was 1,100 units, 4/5 completed.Instructionsa. Prepare a cost…

Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. The balance in the account Work in Process—Filling was as follows on January 1: Work in Process—Filling Department   (3,100 units, 60% completed):     Direct materials (3,100 x $18.1) $56,110   Conversion (3,100 x 60% x $11.7) 21,762   $77,872 The following costs were charged to Work in Process—Filling during January: Direct materials transferred from Reaction     Department: 40,000 units at $17.8 a unit $712,000 Direct labor 250,310 Factory overhead 240,490 During January, 39,700 units of specialty chemicals were completed. Work in Process—Filling Department on January 31 was 3,400 units, 90% completed. Required:…