[21.18, 24/5/2023] Patricia Jesica Kristanti: Fast Co. produces its product through two processing departments. Direct materials are added at the start of production in the Cutting department, and conversion costs are added evenly throughout each process. The company uses monthly reporting periods for its weighted average process costing system. The Work in Process inventory Cutting account has a balance of $89.300 as of October 1, which consists of $18,600 of direct materials and $70,700 of conversion costs

During the month, the Cutting department incurred the following costs

Direct materials Conversion

8141,150

935,400

At the beginning of the month, 32.500 units were in orocess. During October, the company stand 145,000 unks and transferred 155,000 units to the Assembly department. At the end of the months, the Cutting departments work in process inventory consisted of 22.500 units that were 80% complete with respect to conversion costs

Required:

1. Prepare the Cutting department's process cost summary for Oktober using the Wesprest ever sperme#100,

2. Prepare the journal entry dated October 31 to refer the cost of the gay contacted units to Assambly.
[21.19, 24/5/2023] Patricia Jesica Kristanti: Assume Noah Co has the following purchases of inventory during their first month of operations

First Purchase

Second Purchase

Number of Units

130

451

Cost per unit

31 35

Assuming Noah Co sells 303 units at $14 each, what is the ending dollar balance in inventory if they use FIFO?
[21.20, 24/5/2023] Patricia Jesica Kristanti: 4-AREKS CORP. realize the production and marketing of a kind of an electrical appliance. Financial information of the business for a period are given below:

Unit Sale Price

Sales quantitiy

Production Quantity

Direct Material

Direct Labor

Variable Manufacturing Overhead

Fixed Manufacturing Overhead

Marketing Expenses

60$/Unit

29.100 Unit

35.200 Unit

12$/Unit

9 $/Unit

3 $/Unit

281.600 $

420.000 $

Administration Expenses

240.000 $

FIFO method is used fort he inventories.

a) Prepare the Income Statement with Full Costing Method,

b) Prepare the Income Statement with Variable Costing Method.