Homework Answers
20.
Completed units = 75,000
Ending units = 50,000
% of completion = 30%
Equivalent units = Completed units + (Ending units X % of completion)
= 75,000 + (50,000 X 30%)
= 90,000 units
Option c.
22.
Completed units = 120,000
Ending units = 40,000
% of completion = 40%
Equivalent units = Completed units + (Ending units X % of completion)
= 120,000 + (40,000 X 40%)
= 136,000
Option d.
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how do i solve 20/22? i got it wrong and want to learn how to
get...
I need requirements 2 and 3- put in steps how you got the answer Requirement 2....
I need requirements 2 and 3- put in steps how you got the
answer
Requirement 2. Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Blending Department ending Work-in-Process Inventory. Complete the Production Cost Report that you began in Requirement 1 by calculating the costs per equivalent unit in this step, and then by calculating the the total cost of units completed and transferred out and of units...
If someone can explain to me how to get the numbers above that would be great,...
If someone can explain to me how to get the numbers above that
would be great, I do not need help much on just the answers but
more of how to get the answers. Everything must be done in
Weighted- Average Method.
Thank you
NEED-TO-KNOW 16-5 COMPREHENSIVE 1 Woighted Average Mothod Pennsylvania Company produces a product that passes through two processes: grinding and mixing. Information related to its grinding department manufacturing activities for July follows. The company uses the weighted...
PLEASE FILL IN THE REMAINING BLUE CELLS WITH AN EXPLANATION OF THE CALCULATIONS Total Production Costs...
PLEASE FILL IN THE REMAINING BLUE CELLS WITH AN
EXPLANATION OF THE CALCULATIONS
Total Production Costs
Direct Materials
Conversion Costs
Work in
process, beginning
$602,458
$459,888
$142,570
Costs
added in current period
$5,153,000
$3,237,000
$1,916,000
Total
costs to account for
$5,755,458
$3,696,888
$2,058,570
Costs
added in current period
$3,237,000
$1,916,000
Divide
by: equivalent units of work done in current period
498
479
Cost per
equivalent unit of work done in current period
$6,500
$4,000
Assignment of costs:
Completed and transferred...
Question 22 5 pts Mayco had the following department information about physical units and percentage of...
Question 22 5 pts Mayco had the following department information about physical units and percentage of completion: Physical Units Work in process, May 1 (60%) 60,000 Completed and transferred out 180,000 Work in process, May 31 (40%) 50,000 If materials are added at the beginning of the production process, what is the total number of equivalent units for Conversion costs during May? O 200,000 230,000 O 260,000 O 240,000
The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing. Consider...
The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017 (Click the icon to view the data.) Requirent Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule Enter ysical units in first, then calculate the equivalent units Equivalent Units Physical Conversion Direct Flow of Production Units Costs Materials in process, beginning Wo Started during current...
The assembly division of Walton Time Pieces, Inc. uses the weighted-average method of process costing. Consider...
The assembly division of Walton Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of May 2017: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units first, then calculate the equivalent units. Data Table Physical Flow of Production Units Conversion Work in process beginning Costs $83,200 Started during current period...
E17-26 (similar to) Question Help The assembly division of Canterbury Watches, Inc. uses the FIFO method...
E17-26 (similar to) Question Help The assembly division of Canterbury Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017: FHB (Click the icon to view the data) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units. Physical Flow of Production Units Work in process, beginning Started during current...
Need help with the ones i got wrong. omework A Saved Help Save & Exit Submit...
Need help with the ones i got wrong.
omework A Saved Help Save & Exit Submit ek my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Required information [The following information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the...
The assembly division of Cannett Watches, Inc. uses the weighted average method of process costing. Cons...
The assembly division of Cannett Watches, Inc. uses the weighted average method of process costing. Cons der the following data for the month of May 2017: BE: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units first, then calculate the equivalent units. Equivalent Units Physical Units Direct Materials Conversion Costs i X Data Table - Flow of Production...
Selected production and cost data of Lisa's Compound Co. follow for May 2018: (Click the icon...
Selected production and cost data of Lisa's Compound Co. follow for May 2018: (Click the icon to view the production and cost data.) On May 31, the Mixing Department ending Work-in-Process Inventory was 70% complete for materials and 25% complete for conversion costs. The Heating Department ending Work-in-Process Inventory was 75% complete for materials and 60% complete for conversion costs. The company uses the welghted average method. Read the requirements. Requirement 1. Compute the equivalent units of production for direct...
I need requirements 2 and 3- put in steps how you got the
answer
Requirement 2. Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Blending Department ending Work-in-Process Inventory. Complete the Production Cost Report that you began in Requirement 1 by calculating the costs per equivalent unit in this step, and then by calculating the the total cost of units completed and transferred out and of units...
If someone can explain to me how to get the numbers above that
would be great, I do not need help much on just the answers but
more of how to get the answers. Everything must be done in
Weighted- Average Method.
Thank you
NEED-TO-KNOW 16-5 COMPREHENSIVE 1 Woighted Average Mothod Pennsylvania Company produces a product that passes through two processes: grinding and mixing. Information related to its grinding department manufacturing activities for July follows. The company uses the weighted...
PLEASE FILL IN THE REMAINING BLUE CELLS WITH AN
EXPLANATION OF THE CALCULATIONS
Total Production Costs
Direct Materials
Conversion Costs
Work in
process, beginning
$602,458
$459,888
$142,570
Costs
added in current period
$5,153,000
$3,237,000
$1,916,000
Total
costs to account for
$5,755,458
$3,696,888
$2,058,570
Costs
added in current period
$3,237,000
$1,916,000
Divide
by: equivalent units of work done in current period
498
479
Cost per
equivalent unit of work done in current period
$6,500
$4,000
Assignment of costs:
Completed and transferred...
Question 22 5 pts Mayco had the following department information about physical units and percentage of completion: Physical Units Work in process, May 1 (60%) 60,000 Completed and transferred out 180,000 Work in process, May 31 (40%) 50,000 If materials are added at the beginning of the production process, what is the total number of equivalent units for Conversion costs during May? O 200,000 230,000 O 260,000 O 240,000
The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017 (Click the icon to view the data.) Requirent Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule Enter ysical units in first, then calculate the equivalent units Equivalent Units Physical Conversion Direct Flow of Production Units Costs Materials in process, beginning Wo Started during current...
The assembly division of Walton Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of May 2017: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units first, then calculate the equivalent units. Data Table Physical Flow of Production Units Conversion Work in process beginning Costs $83,200 Started during current period...
E17-26 (similar to) Question Help The assembly division of Canterbury Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017: FHB (Click the icon to view the data) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units. Physical Flow of Production Units Work in process, beginning Started during current...
Need help with the ones i got wrong.
omework A Saved Help Save & Exit Submit ek my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Required information [The following information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the...
The assembly division of Cannett Watches, Inc. uses the weighted average method of process costing. Cons der the following data for the month of May 2017: BE: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units first, then calculate the equivalent units. Equivalent Units Physical Units Direct Materials Conversion Costs i X Data Table - Flow of Production...
Selected production and cost data of Lisa's Compound Co. follow for May 2018: (Click the icon to view the production and cost data.) On May 31, the Mixing Department ending Work-in-Process Inventory was 70% complete for materials and 25% complete for conversion costs. The Heating Department ending Work-in-Process Inventory was 75% complete for materials and 60% complete for conversion costs. The company uses the welghted average method. Read the requirements. Requirement 1. Compute the equivalent units of production for direct...
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