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...
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 37,000 units in inventory, 80% complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $84,100 consisted of $59,200 of direct materials costs and $24,900 of conversion costs. During the month, the forming department started 540,000 units. At the end of the month, the forming...
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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