SPSHT2_12 - 3 On a separate sheet prepare journal entries...

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COST AND MANAGEMENT ACCOUNTING 1 ASSIGNMENT #2 Marco Corporation manufactures car seats in its Kingston plant. Each car seat passes through the Assembly Dept. and then the Testing Dept. Direct materials are added at the beginning of the process whereas conversion costs are incurred uniformly during the process. All units are transferred to the Testing Dept. upon completion. Data for the month ended, December 2011 is given below: Physical units DM CC WIP, beginning 10,000 $5,000,000 $805,500 Started in month 40,000 Completed in month ? WIP, ending 5,000 Costs added in month $9,000,000 $4,675,000 % complete % complete WIP, beginning ? 60% WIP, ending ? 70% Required: 1. Prepare an Input Section based on the information given above relating to the. Assembly Dept. 2. On a separate sheet, prepare a Production Report for the Assembly Department ( Weighted Average Method ) for the month of December 2011.
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Unformatted text preview: 3. On a separate sheet, prepare journal entries in General Journal format that references from the Production Report or Input Section for December for the Assembly Department 4. On the same sheet as part 3, Prepare a T-account for Work-in-Process for the Assembly Department that references amounts from items 1-3 and calculates the ending balance at December. 5. Repeat Items 2, 3, and 4 except using the FIFO method. 6. Include a print preview macro for the input section, one for the Production Report and another for the related journal entries and T-account---both methods ( 2 macros x 2 methods + 1 common input macro = 5 macros in total). The macros can appear on the individual sheets and should be clearly labelled accordingly. (5 print preview macros in total with buttons) RF01/12...
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This note was uploaded on 03/04/2012 for the course ACCT 2460 taught by Professor Farrar during the Winter '12 term at Conestoga.

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