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The units completed and transferred out is 24,000 units
The ending Work in Process Inventory is 4,000 units
The percentage completed in ending WIP is 100% for materials, and 50% complete for labor and overhead.
The total cost added during the month for the material is $154,000, and conversion costs is $143,000
The production cost report for the month of March is as follows
| McElroy, Inc | ||||
| Production cost report | ||||
| Physical Units | Equivalent Units | Equivalent Units | ||
| Material | Conversion costs | |||
| Quantities | ||||
| Units to be accounted for | ||||
| Work in process , beginning | 0 | |||
| Started into production | 28,000 | |||
| Total units | 28,000 | |||
| Units accounted for | ||||
| Transferred out | 24,000 | 24,000 | 24,000 | |
| Work in process , closing | 4,000 | 4,000 | 2,000 | |
| Total units | 28,000 | 28,000 | 26,000 | |
| Costs | Material cost | Conversion costs | Total cost | |
| Units Costs | ||||
| opening work in process | $0 | $0 | $0 | |
| During the month | $154,000 | $143,000 | $297,000 | |
| Total cost | A | $154,000 | $143,000 | $297,000 |
| Equivalent units | B | 28,000 | 26,000 | |
| Units costs | C = A / B | $5.50 | $5.50 | $11 |
| The cost assigned to transfer out | $132,000 | $132,000 | $264,000 | |
| The cost assigned to work in process | $22,000 | $11,000 | $33,000 |
Requirement 1
| Direct Material | Conversion | |
| Equivalent Units | 28,000 | 26,000 |
| Cost per Equivalent Units | $ 5.50 | $ 5.50 |
Requirement 2
The cost of units completed and transferred to the testing department is $264,000
Requirement 3
The cost of the ending Work-in-Process is $33,000
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McElroy, Inc., produces a single model of a popular cell phone in large quantities. A single...
McElroy, Inc., produces a single model of a popular cell phone in large quantities. A single...
McElroy, Inc., produces a single model of a popular cell phone in large quantities. A single cell phone moves through two departments, assembly and testing. The manufacturing costs in the assembly department during March follow: Direct materials $ 224,400 Conversion costs 207,700 $ 432,100 The assembly department has no beginning Work-in-Process Inventory. During the month, it started 33,000 cell phones, but only 29,000 were fully completed and transferred to the testing department. All parts had been made and placed in...
McElroy, Inc., produces a single model of a popular cell phone in large quantities. A single...
McElroy, Inc., produces a single model of a popular cell phone
in large quantities. A single cell phone moves through two
departments, assembly and testing. The manufacturing costs in the
assembly department during March follow:
Direct materials
$
176,900
Conversion costs
140,450
$
317,350
The assembly department has no beginning Work-in-Process
Inventory. During the month, it started 29,000 cell phones, but
only 24,000 were fully completed and transferred to the testing
department. All parts had been made and placed in...
2. Cell Race produces cellular phones in large quantties. For simplicity, assume that the company has...
2. Cell Race produces cellular phones in large quantties. For simplicity, assume that the company has two departments, assembly and testing. The manufacturing costs in the assembly department during February were as follows: (Click the lcon to view the manufacturing costs in the assembly department.) There was no beginning inventory of work in process. Suppose work on 14,000 phones was begun in the assembly department during February, but only 10,000 phones were fuly completed Al the parts had been made...
Scribners Corporation produces fine papers in three production departments -Pulping, Drying, and Finishing. In the Pulping...
Scribners Corporation produces fine papers in three production departments -Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated, cut,...
Check my worlu Scribners Corporation produces fine papers in three production departments-Pulping. Drying, and Finishing. In...
Check my worlu Scribners Corporation produces fine papers in three production departments-Pulping. Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is...
Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. In the Pulping Department,...
Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated, cut, and...
Scribners corporation produces Scribners Corporation produces fine papers in three production departments–Pulping, Drying, and Finishing. In...
Scribners corporation produces
Scribners Corporation produces fine papers in three production departments–Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is...
Scribners Corporation produces fine papers in three production departments-Pulping. Drying, and Finishing. In the Pulping Department,...
Scribners Corporation produces fine papers in three production departments-Pulping. Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated, cut, and...
One question, five parts to the same question. Scribners Corporation produces fine papers in three production...
One question, five parts to the same question.
Scribners Corporation produces fine papers in three production departments-Pulping. Drying and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs pressed to remove excess liquid, and dried in ovens. In the Finishing...
Scribners Corporation produces fine papers in three production departments - Pulping, Drying and Finishing. In the...
Scribners Corporation produces fine papers in three production departments - Pulping, Drying and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated,...
McElroy, Inc., produces a single model of a popular cell phone
in large quantities. A single cell phone moves through two
departments, assembly and testing. The manufacturing costs in the
assembly department during March follow:
Direct materials
$
176,900
Conversion costs
140,450
$
317,350
The assembly department has no beginning Work-in-Process
Inventory. During the month, it started 29,000 cell phones, but
only 24,000 were fully completed and transferred to the testing
department. All parts had been made and placed in...
2. Cell Race produces cellular phones in large quantties. For simplicity, assume that the company has two departments, assembly and testing. The manufacturing costs in the assembly department during February were as follows: (Click the lcon to view the manufacturing costs in the assembly department.) There was no beginning inventory of work in process. Suppose work on 14,000 phones was begun in the assembly department during February, but only 10,000 phones were fuly completed Al the parts had been made...
Scribners Corporation produces fine papers in three production departments -Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated, cut,...
Check my worlu Scribners Corporation produces fine papers in three production departments-Pulping. Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is...
Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated, cut, and...
Scribners corporation produces
Scribners Corporation produces fine papers in three production departments–Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is...
Scribners Corporation produces fine papers in three production departments-Pulping. Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated, cut, and...
One question, five parts to the same question.
Scribners Corporation produces fine papers in three production departments-Pulping. Drying and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs pressed to remove excess liquid, and dried in ovens. In the Finishing...
Scribners Corporation produces fine papers in three production departments - Pulping, Drying and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated,...
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