Porter Handcraft is a manufacturer of picture frames for large retailers. Every picture passes through two departments: the Assembly Department and the Finishing Department. This problem focuses on the Assembly Department. The process-costing system at Porter has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the Assembly Department process is 10% complete. Conversion costs are added evenly during the Assembly Department process is 10% complete. Conversion costs are added evenly during the Assembly Department's process.
1) Summarize total Assembly Department costs for April 2009, and assign total costs to units completed (and transferred out) and to units in ending work in process.
The solution provides a detailed breakdown of the calculations for the Porter Handcraft case, which involves the weighted-average method of process accounting.