Homework Answers
Equivalent unit of material = 250000+(70000*100%) = 320000
Total costs to be accounted for = Beginning WIP+Cost added = 37000+113200 = 150200
Cost per equivalent unit = 150200/320000 = 0.47
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The following Information pertains to the Moline Facility for the month of May (all materials are...
The following information pertains to the Moline Facility for the month of May (all materials are...
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process) Beginning work in process Started in May Units completed Ending work in process Units Material Costs 70,000 $29,000 270,000 99,000 245,000 95,000 Required: Compute the cost per equivalent unit for materials using the weighted average method. (Round "Cost per equivalent unit answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
The following information pertains to the Moline Facility for the month of May (all materials are...
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Beginning work in process Started in May Units completed Ending work in process Units Material Costs 80,000 $ 32,000 280,000 100,400 255,000 105,000 Required: Compute the cost per equivalent unit for materials using the weighted average method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
The following information pertains to the Moline Facility for the month of May (all materials are...
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Units 90,000 250,000 225,000 115,000 Material Costs $ 33,000 104,400 Beginning work in process Started in May Units completed Ending work in process Required: Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
0% completion The following information pertains to the Moline Facility for the month of May (all...
0% completion
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Beginning work in process Started in May Units completed Ending work in process Units Material Costs 110,000 $ 28,000 260,000 110,400 230,000 140,000 Required: Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent...
The following information pertains to the Moline Facility for the month of May (all materials are...
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5. The following information pertains to the Moline Facility for the month of May (all materials are added at the beginn...
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8-28. Compute Costs per Equivalent Unit: Weighted-Average Method The following information pertains to the Moline Facility...
8-28. Compute Costs per Equivalent Unit: Weighted-Average Method The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process). (CPA adapted) (LO 8-3 Units Material Costs Beginning work in process Started in May. Units completed Ending work in process 54,000 144,000 153,000 45,000 $148,500 475,200 Required Compute the cost per equivalent unit for materials using the weighted average method. 8-29. Compute Costs per Equivalent Unit: FIFO Method Refer...
Exercise 8-29 (Static) Compute Costs per Equivalent Unit: FIFO Method (LO 8-5) The following information pertains...
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Vista Vacuum Company has the following production information for the month of March. All materials are...
Vista Vacuum Company has the following production information
for the month of March. All materials are added at the beginning of
the manufacturing process.
Units
Beginning inventory of 3,300 units that are 100 percent
complete for materials and 24 percent complete for conversion.
15,000 units started during the period.
Ending inventory of 3,400 units that are 13 percent complete
for conversion.
Manufacturing Costs
Beginning inventory was $21,100 ($10,400 materials and $10,700
conversion costs).
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Arboles Company manufactures pencils and has the following information available for the month of July: Work...
Arboles Company manufactures pencils and has the following information available for the month of July: Work in process, May 1 (100% complete for July, 60% for conversion) 75,000 units $5,000 $17,500 Direct materials Number of units started 100,000 units July costs $ 6,500 $ 24,000 Direct materials Work in process, July 31 (100% complete for materials, 10% for conversion) 70,000 units Required Using the FIFO method of process costing, complete each of the following steps 1. Reconcile the number of...
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process) Beginning work in process Started in May Units completed Ending work in process Units Material Costs 70,000 $29,000 270,000 99,000 245,000 95,000 Required: Compute the cost per equivalent unit for materials using the weighted average method. (Round "Cost per equivalent unit answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Beginning work in process Started in May Units completed Ending work in process Units Material Costs 80,000 $ 32,000 280,000 100,400 255,000 105,000 Required: Compute the cost per equivalent unit for materials using the weighted average method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Units 90,000 250,000 225,000 115,000 Material Costs $ 33,000 104,400 Beginning work in process Started in May Units completed Ending work in process Required: Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
0% completion
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Beginning work in process Started in May Units completed Ending work in process Units Material Costs 110,000 $ 28,000 260,000 110,400 230,000 140,000 Required: Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent...
8-28. Compute Costs per Equivalent Unit: Weighted-Average Method The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process). (CPA adapted) (LO 8-3 Units Material Costs Beginning work in process Started in May. Units completed Ending work in process 54,000 144,000 153,000 45,000 $148,500 475,200 Required Compute the cost per equivalent unit for materials using the weighted average method. 8-29. Compute Costs per Equivalent Unit: FIFO Method Refer...
Vista Vacuum Company has the following production information
for the month of March. All materials are added at the beginning of
the manufacturing process.
Units
Beginning inventory of 3,300 units that are 100 percent
complete for materials and 24 percent complete for conversion.
15,000 units started during the period.
Ending inventory of 3,400 units that are 13 percent complete
for conversion.
Manufacturing Costs
Beginning inventory was $21,100 ($10,400 materials and $10,700
conversion costs).
Costs added during the month were $29,500...
Arboles Company manufactures pencils and has the following information available for the month of July: Work in process, May 1 (100% complete for July, 60% for conversion) 75,000 units $5,000 $17,500 Direct materials Number of units started 100,000 units July costs $ 6,500 $ 24,000 Direct materials Work in process, July 31 (100% complete for materials, 10% for conversion) 70,000 units Required Using the FIFO method of process costing, complete each of the following steps 1. Reconcile the number of...
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