Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's...

Question

Question

Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Companys Blend

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Solution

				Equivalent units
				% work done	Direct material	% work done	Conversion costs
Beginning inventory	12000	Completed/ Transferred	216000	100%	216000	100%	216000
Started	222000	Ending Inventory	18000	100%	18000	30%	5400
Total	234000	Total	234000		234000		221400

Add a comment

Answer 2

Similar Homework Help Questions

Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's...

Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's Blending Department for April 2019. Tinting and packaging operations are carried out subsequently in other departments. Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's Blending Department for April 2019. Tinting and packaging operations are carried out subsequently in other departments. 22,000 units, 60% complete Beginning inventory Started and completed 374,000 units 33,000 units, 30% complete Ending...
Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's...

Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's Blending Department for April 2019. Tinting and packaging operations are carried out subsequently in other departments. Beginning inventory 4,000 units, 60% complete Started and completed 68,000 units Ending inventory 6,000 units, 30% complete Calculate the equivalent units completed using the weighted average method, assuming that the materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Jackson Company...
Equivalent Units calculations-FIFO Method The following selected operating data are for Jackson Company's Blending Department for...

Equivalent Units calculations-FIFO Method The following selected operating data are for Jackson Company's Blending Department for the month of April 2019. Tinting and packaging operations are carried out subsequently in other departments Beginning inventory N complete 4.000 V 56000 UN Started and cord Linding inventory 000 to complete Calculate the equivalent units accomplished using the FIFO method, assuming that the materials are added at the beginning of the process and conversion costs are incurred every throughout Equivalent Units Direct Work...

eBook Print Question 1 Not complete Marked out of 0.75 P Flag question Equivalent Units Calculations...

eBook Print Question 1 Not complete Marked out of 0.75 P Flag question Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's Blending Department for April 2019. Tinting and packaging operations are carried out subsequently in other departments. Beginning inventory 4,000 units, 60% complete Started and completed 68,000 units Ending inventory 6,000 units, 30% complete Calculate the equivalent units completed using the weighted average method, assuming that the materials are added at the...
Exercise 4-7B: Equivalent Units Calculations - FIFO Method The following selected operating data are for Jackson...

Exercise 4-7B: Equivalent Units Calculations - FIFO Method The following selected operating data are for Jackson Company's Blending Department for the month of November 2016. Painting and packaging operations are carried out subsequently in other departments. Beginning inventory 3,000 units, 70% complete Started and completed 60,000 units Ending inventory 5,000 units, 40% complete Calculate the equivalent units finished for the month of November using the FIFO method, assuming that the material is added at the beginning of the process and...
Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for Nelson...

Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for Nelson Company's processing department work-in-process account for the month of September 2019: Beginning inventory (1,500 units, 70% complete) Direct materials $22,000 Conversion costs 10,000 Current period Direct materials (6,000 units) 50,000 Direct labor 41,000 Manufacturing overhead applied 65,440 Nelson uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of...

Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for the...

Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for the work in process account of the first of Crocker Company's four departments used in manufacturing its only product for October of 2016. Work in Process-Department 1 Beginning balance (2,000 units, 70% complete) Direct material $12,400 Conversion costs 4,800 Transferred to department 2 (20,000 units) Direct material (21,000 units) Direct labor 72,600 Manufacturing overhead 24,150 Ending balance [(b) units, 25% complete] (c) (a) 126,000 Assuming...
Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for the...

Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for the work-in-process account of the first of Johnson Company's four departments used in manufacturing its only product for October of 2019. Work in Process-Department 1 Beginning balance (2,000 units, 70% complete) Direct material $15,500 Conversion costs 9,600 Transferred to department 2: (20,000 units) (a) Direct material (21,000 units) 157,000 Direct labor 145,200 Manufacturing overhead 48,135 Ending balance [(b) units, 25% complete] (C) Assuming that Johnson...
Equivalent Units and Product cost Report-Weighted Average Method The following data (and annotations) are for Joyner Com...

Equivalent Units and Product cost Report-Weighted Average Method The following data (and annotations) are for Joyner Company's processing department work-in-process account for the month of June 2019: Beginning inventory (700 units, 40% complete) Direct materials $29,050 Conversion costs 79,420 Current period Direct materials (5,000 units) 350,000 Direct labor 596,000 Manufacturing overhead applied 378,000 Joyner uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of...

Equivalent Units and Product cost Report-Weighted Average Method The following data (and annotations) are for Joyner...

Equivalent Units and Product cost Report-Weighted Average Method The following data (and annotations) are for Joyner Company's processing department work-in-process account for the month of June 2019: Beginning inventory (700 units, 40% complete) Direct materials $29,050 Conversion costs 79,420 Current period Direct materials (5,000 units) 350,000 Direct labor 596,000 Manufacturing overhead applied 378,000 Joyner uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of...

Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's...

Homework Answers