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                      May 3, 2009, 10:48 AM
                  
                 
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        Managerial Accounting ccac
       
      
    
    
    
                  
        Crosby Company has several processing departments. Cost charged to the Assembly Department for October 2008 totaled $1,354,400 as follows. 
Work in process, October 1 
 Materials                         $29,000 
 Conversion Costs              26,200       $55,200 
 
Materials added                                              1,071,000 
Labor                                                                 90,000 
Overhead                                                          138,200  
 
Production records show that $25,000 units were in beginning work in process 40% complete as to conversion cost, 415,000 units were started into production, and 40,000 units were in ending work in process 60% complete as to conversion costs. Materials are entered at the beginning of each process. 
 
Instructions: 
a. determine the equivalent units of production and units production costs for the Assembly department. 
b. determine the assignment of cost to goods transferred out and in process.  
c. prepare a production cost report for the assembly department.
     
     
    
    
    
    
    
    
  
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                      May 3, 2009, 11:02 AM
                  
                 
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        Managerial Accounting ccac 3-5b
       
      
    
    
    
                  
        Kiley Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the month of May are as follows. 
 
Production data- Bicycles              Units              Percent Complete 
 Work in process units, May 1          500                       80% 
 Units started in production            1000                      
 Work in process units. May 31         600                      10% 
 
Cost Data- Bicycles 
 Work in process, May 1  
   Material                                  $10,000 
     Conversion costs                     9,280           19,280 
Direct materials                                               50,000 
Direct Labor                                                     18,320 
Manufacturing overhead                                    30,000 
 
Instructions 
a.Calculate the following 
   1. the equivalent units of production for materials and conversion costs. 
   2. the units costs of production for materials and conversion costs. 
   3. the assignment of costs to units transferred out and in process at the end of the accounting period. 
b. Prepare a production cost report for the month of May for the bicycles.
     
     
    
    
    
    
    
    
  
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                      May 3, 2009, 11:05 AM
                  
                 
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        You might want to do your own homework, no one here will do it for you.
     
     
    
    
    
    
    
    
  
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                      May 3, 2009, 11:08 AM
                  
                 
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					  Originally Posted by  Curlyben
					 
				 
				
			
		 
	 
 I tried it and couldn't complete it, that's why I took the time to do that
      
     
    
    
    
    
    
    
  
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                      May 3, 2009, 11:11 AM
                  
                 
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					  Originally Posted by  NeedKarma
					 
				 
				You might want to do your own homework, no one here will do it for you. 
			
		 
	 
 Wow, thanks for the help, your really helpful. I didn't no that.
      
     
    
    
    
    
    
    
  
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                      May 3, 2009, 11:14 AM
                  
                 
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					  Originally Posted by  NeedKarma
					 
				 
				You might want to do your own homework, no one here will do it for you. 
			
		 
	 
 You're a joke
      
     
    
    
    
    
    
    
  
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                      May 3, 2009, 11:18 AM
                  
                 
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        Wow, thanks for the help, you're really helpful. I didn't know that.
     
     
    
    
    
    
    
    
  
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                      May 4, 2009, 12:51 AM
                  
                 
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Kfjutch, did you read the link curlyben gave you?  It explains that we are not here to DO your homework FOR YOU.  Show what you tried to do, and someone can let you know if it's correct and maybe give a hint to the next step. 
 
That is a long problem, taking up at least a half chapter in most books.  You are going to have to do this one step at a time.  You need to show what you have or have not done.  Or ask a question about what specific thing you do not understand.  Even then, it's a long problem with a lot of steps. 
 
Posting the problem a second time didn't accomplish anything, especially when someone had already posted a link to our homework guidelines.  That may have been what prompted NeedKarma's response to you.
     
     
    
    
    
    
    
    
  
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