Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...

Question

Question

Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one d

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Answer

	Material	Conversion
Equivalent units of production	435,600	430,200

--Working

EUP - Weighted Average Method	Units	% Material	EUP Materials	% Conversion	EUP - Conversion
Units TRANSFERRED	414,000 [51000 + 393000 - 30000]	100%	414,000	100%	414,000
Units of ENDING WIP	30,000	72%	21,600	54%	16,200

Equivalent Units of Production			435,600		430,200

Add a comment

Answer 2

Similar Homework Help Questions

Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...

Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October Percent Completed Materials Conversion sek 555 72% 54% Units 51.000 3e,eee Work in process, October 1 Work in process, October 31 The department started 393,000 units into production during the month and transferred 414,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October Work in process, October 1 Work in process, October 31 Units 52,000 36,000 Percent Completed Materials Conversion 95% 55% 72% 54% The department started 389,000 units into production during the month and transferred 405,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October Percent Completed Materials Conversion 95% 50% 65% Units 54,000 39,000 Work in process, October 1 Work in process, October 31 The department started 399,000 units into production during the month and transferred 414,000 completed units to the next department. Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production

Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...

Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion 48,000 85% 55% 28,000 75% 54% Work in process, October 1 Work in process, October 31 The department started 386,000 units into production during the month and transferred 406,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...

Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Percent Completed Units Materials Conversion 51,000 85% 65% 38,000 67% 55 % The department started 392,000 units into production during the month and transferred 405,000 completed units to the next department. Required: Compute the equivalent units of production for October.
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...

Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October Percent Completed Units Materials Conversion 55,000 858 65% Work in process, October 1 Work in process, October 31 30,000 72 518 The department started 386,000 units into production during the month and transferred 411,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversio Equivalent units of production

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 45,000 85 % 55 % Work in process, October 31 36,000 68 % 54 % The department started 403,000 units into production during the month and transferred 412,000 completed units to the next department. Required: Compute the equivalent units of production for October.
thank you Clonex Labs, Inc., uses the weighted average method in its process costing system. The...

thank you Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October Work in process, October 1 Work in process, October 31 Units 51,000 40,000 Percent Completed Materials Conversion 85% 55% 70% 55% The department started 404,000 units into production during the month and transferred 415,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 51,000 90 % 60 % Work in process, October 31 37,000 66 % 47 % The department started 397,000 units into production during the month and transferred 411,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of...

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 85% 60 % 72% 48 % Units 47,000 31,000 Work in process, October 1 Work in process, October 31 The department started 394,000 units into production during the month and transferred 410,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production

Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...

Homework Answers