PACC 6003-Recently, Sunshine Coast Pty Ltd expanded its market by

Question
1
–
Process
Costing
Systems
Recently, Sunshine Coast Pty Ltd expanded its market by
becoming an original equipment supplier to Robert Pty
Ltd. Sunshine Coast produces factory upgraded speakers
specifically for Robert Pty Ltd. The speaker cabinets and
associated components are outsourced with assembly
remaining in-house. Sunshine Coast assemble the product
by placing the speakers and other components in cabinets
that define an audio package upgrade. Speaker cabinets
and associated components are added at the beginning of
the assembly process.
Assume that Sunshine Coast uses the weighted average
method to cost out the audio package. The following are
cost and production data for the assembly process for
August. Required:
A. Prepare a physical flow analysis for the assembly
department
for
the
month
of
August.
B. Calculate equivalent units of production for the
assembly department for the month of August.
C. Calculate unit cost for the assembly department for the month of August. D. Calculate the cost of units transferred out and the cost
of
ending
WIP
inventory.
E. Prepare a cost reconciliation
department for the month of August. for the assembly