At the beginning of the month, the Painting Department of Skye Manufacturing had 24,000 units in inventory, 80% complete as to materials, and 20% complete as to conversion. During the month the department started 119,000 units and transferred 126,000 units to the next manufacturing department. At the end of the month, the department had 17,000 units in inventory, 30% complete as to materials and 15% complete as to conversion. If Skye Manufacturing uses the weighted average method of process costing, compute the equivalent units for materials and conversion respectively for the Painting Department.
Equivalent Units of Production (EUP) - Weighted Average Method | ||||||||
Units | % Mat. | EUP- Mat. | % Conv. | EUP- Conv. | ||||
Units completed and transferred out | 126000 | 100% | 126000 | 100% | 126000 | |||
Units in ending inventory | 17000 | 30% | 5100 | 15% | 2550 | |||
Equivalent units of production | 131100 | 128550 |
At the beginning of the month, the Painting Department of Skye Manufacturing had 24,000 units in...
At the beginning of the month, the Painting Department of Skye Manufacturing had 20,000 units in inventory. 70% complete as to materials, and 20% complete as to conversion. During the month the department started 115,000 units and transferred 120,000 units to the next manufacturing department. At the end of the month, the department had 15,000 units in inventory, 40% complete as to materials and 30% complete as to conversion. If Skye Manufacturing uses the weighted average method of process costing,...
At the beginning of the month, the Forming Department of Martin Manufacturing had 19,000 units in inventory, 30% complete as to materials, and 15% complete as to conversion. During the month the department started 69,000 units and transferred 75,500 units to the next manufacturing department. At the end of the month, the department had 12,500 units in inventory, 80% complete as to materials and 60% complete as to conversion. If Martin Manufacturing uses the weighted average method of process costing,...
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 37,000 units in inventory, 80% complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $84,100 consisted of $59,200 of direct materials costs and $24,900 of conversion costs. During the month, the forming department started 540,000 units. At the end of the month, the forming...
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 37,000 units in inventory, 80% complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $84,100 consisted of $59,200 of direct materials costs and $24,900 of conversion costs. During the month, the forming department started 540,000 units. At the end of the month, the forming department...
At the beginning of the month, the forming dept. of Martin Manufacturing had 28,000 units in inventory, 30% complete as to materials, and 10% complete as to conversion. During the month the dept. started 96000 units and transferred 98000 units to the next manufacturing dept. At the end of the month, the dept had 26000 units in inventory, 85% complete as t materials and 70% complete as to conversion. Of Martin Manufacturing uses FIFO method of process costing, compute the...
Chapter 16 Process Costing and Analysis A production department in a process manufacturing system completed its work on 80,000 units of product and transferred them to the next department during a recent period. Of these units, 24,000 were in process W at the beginning of the period. The other 56,000 units were started and completed during the period. At C period-end, 16,000 units were in process. Compute the production department's equivalent units of produc- C tion for direct materials under...
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 26.000 units in inventory. 75% complete as to materials and 25% complete as to conversion costs. The beginning inventory cost of $63,100 consisted of $46.600 of direct materials costs and $16.500 of conversion costs. During the month, the forming department started 327,000 units. At the end of the month, the forming...
The Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 25,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $60,100 consisted of $44,800 of direct materials costs and $15,300 of conversion costs. During the month, the forming department started 300,000 units. At the end of the month, the...
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 26.000 units in inventory. 75% complete as to materials and 25% complete as to conversion costs. The beginning inventory cost of $63,100 consisted of $46,600 of direct materials costs and $16.500 of conversion costs. During the month, the forming department started 327,000 units. At the end of the month, the forming...
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 30,000 units in inventory, 80% complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $69,100 consisted of $50,200 of direct materials costs and $18,900 of conversion costs. During the month, the forming department started 390,000 units. At the end of the month, the forming department...