Griffin,Inc

question 77

Essay

Griffin,Inc.manufactures units in two processes: Machining and Assembly.All direct materials are added at the beginning of the Machining process,while conversion costs are incurred evenly throughout the period for both Machining and Assembly.Goods completed in Machining are transferred to Assembly where they are completed and transferred to Finished Goods Inventory.Griffin's controller accumulated the following information about the units and costs incurred in the two processes for the current period:
Units:
Costs:
Required:
Using the weighted average method,determine the number of physical units:
a.transferred into Assembly during the period.
b.transferred from Machining to Assembly during the period.
c.started in Machining during the period.
Using the weighted average method,determine the number of equivalent units:
d.for direct materials for Machining.
e.for conversion for Machining.
f.for direct materials for Assembly.
g.for conversion for Assembly.
Using the weighted average method,determine the cost per equivalent unit (round to 5 decimals):
h.for direct materials for Assembly.
i.for conversion for Assembly.
Using the weighted average method,determine the total cost of (round to whole dollars,i.e. ,0 decimals):
j.materials in the goods transferred to Finished Goods Inventory.
k.conversion costs in the goods transferred to Finished Goods Inventory.
l.the goods transferred to Finished Goods Inventory.
m.materials in ending Work in Process Assembly.
n.conversion costs in ending Work in Process Assembly.
o.ending Work in Process Assembly.

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Definitions:

Primacy Of Thinking

The principle that suggests thinking processes are the primary influence on emotions, behaviors, and attitudes.

Emotion

Feeling, or affect, that can involve physiological arousal (such as a fast heartbeat), conscious experience (thinking about being in love with someone), and behavioral expression (a smile or grimace).

Sympathetic Nervous System

Part of the autonomic nervous system that activates what is often termed the fight or flight response.

Autonomic Nervous System

The body system that takes messages to and from the body’s internal organs, monitoring such processes as breathing, heart rate, and digestion.