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question rutter

CoursHeroTranscribedText: Reutter, Inc. makes a single product and uses the FIFO method of process costing. The company's product goes through two processing departments - Etching and Wiring - which completes the process. This problem focuses on the Writing department which received the "etched products and then completes them by adding appropriate writing. In Wiring, the direct materials are placed into production when the process is 35% complete. Conversion costs are incurred evenly throughout the process. The relevant information for April is below: ~ Beginning work in process inventory) 10,000 items, 30% complete as to conversion Units started in April 170,000 units Ending work in process inventory 20,000 items, 40% complete as to conversion T. Transferred-In Materials Conversion T. Cost of beginning work in process $ 7,000 $ 4.900- T. Current costs in April $187,000 $153,000 $ 244,200( T. REQUIRED:+ Complete and submit the following table including the T-Accounts. You can create your own "new' file or use this WORD document. Rather than 'typing in the numbers', you may want to write them in and send a scanned pdf file. The Drop Box does not accept JPEG or pictures.Flow of production- Physical Units Transferred-In Direct Materials Conversion WIP, beginning +. Transferred in L L To account for Units completed & Transf- Beg WIP Started & Completed WIP, ending Accounted for Totals Transferred-In Direct Materials Conversion T. Costs WIP, beginning + T. Costs added during period L LL L LL Total costs to account for Divided by equivalent units Assignment of costs L + t. Completed units (completed and transferred) Beg WIP Costs . Finish up Beg WIP units . Started & Completed WIP, ending Costs accounted for Complete the T-Accts below. Enter the Beginning and Current costs (you don't need to include the credits). Then include the entry (debit and credit) for the costs for Completed & Transferred . Balance the WIP Inventory account by entering the End WIP. ~ WIP Inventory Fin. Goods Inventory Beg TIC DM CC

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