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Four Seasons Company Makes Snow Blowers Required:
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question 3

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Four Seasons Company makes snow blowers.Materials are added at the beginning of the process and conversion costs are uniformly incurred.At the beginning of September,work in process is 40% complete and at the end of the month it is 60% complete.Other data for the month include:
 Beginning work-in-process inventory 1,600 units  Units started 2,000 units  Units placed in finished goods 3,200 units  Conversion costs $200,000 Cost of direct materials $260,000 Beginning work-in-process costs:  Materials $154,000 Conversion $82,080\begin{array} { | l | r | } \hline \text { Beginning work-in-process inventory } & 1,600 \text { units } \\\hline \text { Units started } & 2,000 \text { units } \\\hline \text { Units placed in finished goods } & 3,200 \text { units } \\\hline & \\\hline \text { Conversion costs } & \$ 200,000 \\\hline \text { Cost of direct materials } & \$ 260,000 \\\hline \text { Beginning work-in-process costs: } & \\\hline \text { Materials } & \$ 154,000 \\\hline \text { Conversion } & \$ 82,080 \\\hline\end{array} Required:
a.Prepare a production cost worksheet with supporting schedules using the weighted-average method of process costing.
b.Prepare journal entries to record transferring of materials to processing and from processing to finished goods.


Definitions:

Institutional Racism

A form of racism embedded in the laws, policies, and practices of social and governmental institutions, resulting in discrimination against certain racial groups.

Structural Racism

A form of racism embedded in the legal system, political mechanisms, and social structures of a society, disproportionately disadvantaging racial minorities.

Color-Blindness

An ideology that proposes ignoring racial differences in an attempt to treat all individuals equally, which can inadvertently ignore systemic inequality.

Cosmopolitanism

The ideology or disposition advocating for global citizenship, where individuals belong to a single moral community beyond national or local identities.

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