PLEASE HELP A AND B QUESTIONS Larsen Company, as you know, is a manufacturer...
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PLEASE HELP A AND B QUESTIONS
Larsen Company, as you know, is a manufacturer of car seats. Each car seat passes through the assembly department and the testing department. This problem focuses on the testing department. Direct materials are added when the testing department process is 90% complete. Conversion costs are added evenly during the testing department's process. As work in assembly is colmpleted, each unit is immediately transferred to testing. As each unit is completed in testing, it is immediately transferred to Finished Goods. Larsen Company uses the weighted-average method of process costing. Data for the testing department for October 2012 are as follows: aDegree of completion: transferred-in costs, ?\%; dire ct materials, ?\%; conversion costs, 70%. begree of completion: transferred-in costs, ?\%; dire ct materials, ?\%; conversion casts, 60%. a) What is the percentage of completion for (a) transferred-in costs and direct materials in beginning work-in-process inventory, and (b) transferred-in costs and direct materials in ending work-in-process inventory? b) For each cost category, compute equivalent units in the testing department. Show physical units in the first column of your schedule
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