Question

The following production data were taken from the records of the Finishing Department for January 12,000 Inventory in process
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer:

UNITS Whole Units Equivalents Units Direct Materials Conversion Units to be assigned cost: Beg. Work in process inventory Uni

1. Equivalent units for materials = 15,800

2. Equivalent units for conversion = 15,800

Note: FIFO method has been considered for calculation.

Add a comment
Know the answer?
Add Answer to:
The following production data were taken from the records of the Finishing Department for January 12,000...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The following production data were taken from the records of the Finishing Department for June: Inventory...

    The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (30% completed) 4,000 units Completed units during June 65,000 units Ending inventory (60% complete) 7,000 units ​ ​ What is the number of conversion equivalent units of production of the Finishing Department ? Group of answer choices 68,000 units 70,400 units 66,200 units 4,200 units

  • Calculator The following production data were taken from the records of the Finishing Department for June...

    Calculator The following production data were taken from the records of the Finishing Department for June Inventory in process, June 1, 30% completed 4,000 units Completed units during June 65,000 units Ending Inventory, 60% completed 65,000 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost Inventories and materials were added at the beginning of the process, is Oa. 68,000 units Ob. 76,000...

  • The following production data were taken from the records of the Finishing Department for June: Inventory...

    The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (37% completed) 5,600 units Completed units during June 61,700 units Ending inventory (57% complete) 3,700 units The number of conversion equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories, is a.56,100 units b.65,400 units c.2,109 units d.59,800 units

  • The following production data were taken from the records of the Finishing Department for June: Inventory...

    The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (39% completed) 4,100 units Completed units during June 64,700 units Ending inventory (63% complete) 3,500 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process, is a.64,100 units b.3,500 units c.60,600 units d.68,200...

  • The following production data were taken from the records of the Finishing Department for June: Inventory...

    The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (36% completed) 5,600 units Completed units during June 56,700 units Ending Inventory (60% complete) 3,100 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost inventories and materials were added at the beginning of the process, is Ca. 54,200 units b. 59,800 units...

  • The following production data were taken from the records of the Finishing Department for June: Inventory...

    The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (30% completed) 4,000 units Completed units during June 65,000 units Ending inventory (60% complete) 7,000 units What is the number of material equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process? a. 68,000 units b. 76,000 units...

  • he following production data were taken from the records of the Finishing Department for July: Inventory...

    he following production data were taken from the records of the Finishing Department for July: Inventory in process, March 1, 30% completed 4,000 units Transferred to finished goods during March 38,500 units Ending work in process during March, 40% completed 3,500 units Determine the total equivalent units for direct materials, assuming that the first-in, first-out method is used to cost inventories. Assume that all direct materials are placed in process at the beginning of production.

  • Equivalent Units of Production: Average Cost Method The following information concerns production in the Finishing Department...

    Equivalent Units of Production: Average Cost Method The following information concerns production in the Finishing Department for May. The Finishing Department uses the average cost method. ACCOUNT Work in Process—Finishing Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit May 1 Bal., 15,500 units, 70% completed 62,000 31 Direct materials, 76,000 units 185,440 247,440 31 Direct labor 115,000 362,440 31 Factory overhead 116,800 479,240 31 Goods transferred, 80,600 units 461,032 18,208 31 Bal., ? units, 35% completed 18,208 a....

  • The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all...

    The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process. Work in process, January 1, 12,000 units, 80% completed $148,800*     *Direct materials (12,000 × $9.6) $115,200     Conversion (12,000 × 80% × $3.5) 33,600 $148,800 Materials added during January from Weaving Department, 184,800 units $1,783,320 Direct labor for January 274,421 Factory overhead for January 335,403 Goods finished during January (includes goods in process, January 1), 187,000...

  • Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for...

    Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process. Work in process, January 1, 14,000 units, 75% completed $168,000* *Direct materials (14,000 x $7.80) $109,200 Conversion (14,000 x 75% * $5.60) 58,800 $168,000 Materials added during January from Weaving Department, 215,600 units $1,714,020 Direct labor for January 525,344 Factory overhead for January 642,086 Goods finished during January (includes goods in...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT