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Homework Answers
Answer:
Transferred completed units = 405.000
Opening work-in process units = 49,000
Total units into production during month =394,000 units
Closing work-in process units = 38,000
So, total completed units in production during October = Transferred completed units - Opening work-in process units
= 405,000 - 49,000
= 356,000 units
So, Out of 394,000 units - 356,000 are fully completed and 38,000 are in closing work in process.
In, Opening work-in process 95%, 60% are completed for Material and Conversion respectively in the previous month.
| Units | Percentage of completion during October | Equivalent Units | |||
| Materials | Conversion | Materials | Conversion | ||
| Work in process, October 1 | 49,000 | 5% | 40% | 2450 | 19600 |
| Completed units during month | 3,56,000 | 100% | 100% | 356000 | 356000 |
| Work in process, October 31 | 38,000 | 70% | 47% | 26600 | 17860 |
| 385050 | 393460 | ||||
| Materials | Conversion | |
| Equivalent Units of Production | 385,050 | 393,460 |
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Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 90% 60 % 73% 49% Units 52,000 36,000 Work in process, October 1 Work in process, October 31 The department started 389,000 units into production during the month and transferred 405,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
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Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Percent Completed Units Materials Conversion 51,000 85% 65% 38,000 67% 55 % The department started 392,000 units into production during the month and transferred 405,000 completed units to the next department. Required: Compute the equivalent units of production for October.
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 85% 60 % 72% 48 % Units 47,000 31,000 Work in process, October 1 Work in process, October 31 The department started 394,000 units into production during the month and transferred 410,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
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Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: 10 points Percent Completed Units Materials Conversion 48,000 85% 65% 39,000 73% 46% Work in process, October 1 Work in process, October 31 Skipped eBook The department started 402,000 units into production during the month and transferred 411,000 completed units to the next department Hint Required: Compute the equivalent units of production for October. Print References Materials...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 90% 60 % 73% 49% Units 52,000 36,000 Work in process, October 1 Work in process, October 31 The department started 389,000 units into production during the month and transferred 405,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October Work in process, October 1 Work in process, October 31 Units 52,000 36,000 Percent Completed Materials Conversion 95% 55% 72% 54% The department started 389,000 units into production during the month and transferred 405,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Check my work 1 1 Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: 20 points Work in process, October 1 Work in process, October 31 Units 45,000 31,000 Percent Completed Materials Conversion 85% 55% 70% 53 % 01:34:56 The department started 395,000 units into production during the month and transferred 409,000 completed units to the next department. eBook Hint Required: Compute the equivalent units of...
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