I would like to know if I could get immediate assistance with this assignment. Please let me know if I would be able to retrieve help by the due date and time. If not please advise before start. Al

I would like to know if I could get immediate assistance with this assignment. Please let me know if I would be able to retrieve help by the due date and time. If not please advise before start. Also, with the prices, I can only afford what I suggest the first time around. Please help.

ATTACHMENT PREVIEW

Working-in-process Costing
In this assignment, you will examine and analyze the given problems. Based on the situations in these problems, perform the necessary
computations for the questions provided for each problem in a Microsoft Excel worksheet.
Problem I
Fremont Company uses process costing. The following data are available for the month of June:

Materials purchased: \$800,000

Materials used:
o
Direct materials:

Department A: \$350,000,

Department B: \$200,000.
o
Indirect materials: \$20,000.

Factory payroll incurred: \$600,000:
o
Direct labor:

Department A: \$300,000

Department B: \$200,000.
o
Indirect labor: \$100,000.

o
Power and light \$12,000
o
Depreciation \$20,000
o
Property tax \$5,000
o
Insurance \$3,000

Factory overhead cost was allocated equally to Department A and Department B.

Department A completed and transferred to department B \$600,000.

Department B completed and transferred to Finished Goods Inventory account \$1,000,000.
Using the data given, compute ending work-in-process inventories in Department A and Department B.

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Problem II
Johnson Company uses the weighted average method in its process costing system. The curing department of Johnson Company reported the
following information for the month of November:
Units
Percentage Complete With
Respect to Conversion
Work-in-process, November 1
10,000
80%
Units started
28,000
Completed and transferred out
30,000
Work-in-process, November 30
8,000
30%
Costs for November
Materials
Conversion
Work-in-process, November 1
\$34,500
\$48,600
\$146,000
\$194,400
All materials are added at the beginning of the process.
On the basis of the data, compute the following items using the weighted average method:

The equivalent units of production for materials

The cost per equivalent unit for conversion

The total cost assigned to units transferred out of the curing department during November

The cost assigned to work-in-process inventory as of November 30.