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1. The Richmond Corporation uses the weighted-average method in
its process costing system. The company has only a single
processing department. The company's ending work in process
inventory on August 31 consisted of 21,200 units. The units in the
ending work in process inventory were 100% complete with respect to
materials and 60% complete with respect to labor and overhead. If
the cost per equivalent unit for August was $3.55 for materials and
$5.05 for labor and overhead, the total...
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Pepper Company uses the weighted average method in its process costing system. The following information was available for one of its processing departments: • The beginning works in process inventory consisted of 6,000 units, which were 75% complete with respect to conversion costs. • The department started 59,000 units in production during the current month. • A total of 50,000 units were completed and transferred out of that department during the current month. • The ending work in process inventory...
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Question #8 Majestic Company uses the weighted average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on May 31 consisted of 72,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for May was $11.00 for materials and $17.00 for labor and overhead, the...
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Annenbaum Corporation uses the
weighted-average method in its process costing system. This month,
the beginning inventory in the first processing department
consisted of 2,400 units. The costs and percentage completion of
these units in beginning inventory were: Cost Percent Complete
Materials costs $ 7,700 65% Conversion costs $ 8,800 45% A total of
10,500 units were started and 7,900 units were transferred to the
second processing department during the month. The following costs
were incurred in the first processing department...
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1. Darden Corporation uses the weighted-average method in its
process costing system. The first processing department, the
Welding Department, started the month with 19,200 units in its
beginning work in process inventory that were 10% complete with
respect to conversion costs. The conversion cost in this beginning
work in process inventory was $19,200. An additional 90,000 units
were started into production during the month. There were 23,000
units in the ending work in process inventory of the Welding
Department that...
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Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2.200 units. The costs and percentage completion of these units in beginning inventory were Percent Cost A Materials costs Complete Conversion costs $7,380 $ 3,500 l of 8.500 units were started and 7.900 units were transferred to the second processing department during the more The following costs were incurred in the month Cost Materials costs $160,...
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1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,700 65% Conversion costs $ 6,800 45% A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
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Domingo Corporation uses the weighted-average method in its
process costing system. This month, the beginning inventory in the
first processing department consisted of 2,300 units. The costs and
percentage completion of these units in beginning inventory
were:
Cost
Percent
Complete
Materials costs
$
7,400
50%
Conversion costs
$
3,600
20%
A total of 8,700 units were started and 8,000 units were
transferred to the second processing department during the month.
The following costs were incurred in the first processing
department...
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Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete 50% 20% Cost $5,600 $ 1,800 Materials costs Conversion costs A total of 6,900 units were started and 6,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
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Annenbaum Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete 658 Cost $5,800 $6,900 Materials costs Conversion costs 456 A total of 6,700 units were started and 6,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during...
Pepper Company uses the weighted average method in its process costing system. The following information was available for one of its processing departments: • The beginning works in process inventory consisted of 6,000 units, which were 75% complete with respect to conversion costs. • The department started 59,000 units in production during the current month. • A total of 50,000 units were completed and transferred out of that department during the current month. • The ending work in process inventory...
Question #8 Majestic Company uses the weighted average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on May 31 consisted of 72,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for May was $11.00 for materials and $17.00 for labor and overhead, the...
Annenbaum Corporation uses the
weighted-average method in its process costing system. This month,
the beginning inventory in the first processing department
consisted of 2,400 units. The costs and percentage completion of
these units in beginning inventory were: Cost Percent Complete
Materials costs $ 7,700 65% Conversion costs $ 8,800 45% A total of
10,500 units were started and 7,900 units were transferred to the
second processing department during the month. The following costs
were incurred in the first processing department...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2.200 units. The costs and percentage completion of these units in beginning inventory were Percent Cost A Materials costs Complete Conversion costs $7,380 $ 3,500 l of 8.500 units were started and 7.900 units were transferred to the second processing department during the more The following costs were incurred in the month Cost Materials costs $160,...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,700 65% Conversion costs $ 6,800 45% A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete 50% 20% Cost $5,600 $ 1,800 Materials costs Conversion costs A total of 6,900 units were started and 6,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Annenbaum Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete 658 Cost $5,800 $6,900 Materials costs Conversion costs 456 A total of 6,700 units were started and 6,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during...