Homework Answers
Answer -
Calculation of No. of Units Forming Department started and completed in the current month
| Particulars | Explanation | Units | |
| I. | Total units completed and transferred | Given in question | 62000 |
| II. | Inventory at the beginning of this month | Given in question | 10000 |
| Units Forming Department started and completed in the current month | I - II | 52000 | |
Hence, Option - (D) is Correct.
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1. Calculate the equivalent units of production
for the forming department.
2. Calculate the costs per equivalent unit of
production for the forming department.
3. Using the weighted-average method, assign costs
to the forming department’s output—specifically, its units
transferred to painting and its ending work in process
inventory.
Required information [The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the...
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Help Sevent At the beginning of the month Forming Department of Martin Manufacturing had 23000 started 73.000 units and transferred 500 units to the next manufacturing a n d f conversion Martin Manufacturinguses the weighted average method of rocce conte and 20% come to conversion Dunge more the desert or the department had 14 500 inventory .com atoms and completes to n torbrandconn ectively for Fog Depart 0 0 7000 2 00 0 3.400 cm 0 0 1.000 .00
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Badgersize Company has the following information for its Forming Department for the month of August. $ 80,000 24,000 104,000 53,000 58,000 Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs: Direct labor Overhead applied Total conversion $ 136,000...
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1. Calculate the equivalent units of production
for the forming department.
2. Calculate the costs per equivalent unit of
production for the forming department.
3. Using the weighted-average method, assign costs
to the forming department’s output—specifically, its units
transferred to painting and its ending work in process
inventory.
Required information [The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the...
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