Homework Answers
Part A
|
Units to Account for: |
|
|
BWIP |
70000 |
|
Started during June |
460000 |
|
Total |
530000 |
|
Units Accounted for: |
Physical Flow |
Direct materials |
Conversion costs |
|
From BWIP |
70000 |
70000 |
70000 |
|
Started And Completed |
380000 |
380000 |
380000 |
|
EWIP (7/8; 5/8) |
80000 |
70000 |
50000 |
|
Equivalent units |
530000 |
520000 |
500000 |
|
Costs to Account for: |
Direct materials |
Conversion costs |
Total |
|
BWIP |
42190 |
38000 |
80190 |
|
Current Costs Added This Period |
440810 |
394000 |
834810 |
|
Total |
483000 |
432000 |
915000 |
|
Divide by: Equivalent units |
520000 |
500000 |
|
|
Cost per Equivalent Unit: |
$0.93 |
$0.86 |
$1.79 |
Part B
|
Units to Account for: |
|
|
BWIP |
70000 |
|
Started during June |
460000 |
|
Total |
530000 |
|
Units Accounted for: |
Physical Flow |
Direct materials |
Conversion costs |
|
From BWIP (2/7; 4/7) |
70000 |
20000 |
40000 |
|
Started And Completed |
380000 |
380000 |
380000 |
|
EWIP (7/8; 5/8) |
80000 |
70000 |
50000 |
|
Equivalent units |
530000 |
470000 |
470000 |
|
Costs to Account for: |
Direct materials |
Conversion costs |
Total |
|
Current Costs Added This Period |
440810 |
394000 |
834810 |
|
Divide by: Equivalent units |
470000 |
470000 |
|
|
Cost per Equivalent Unit: |
$0.94 |
$0.84 |
$1.78 |
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PLEASE SHOW STEP BY STEP THANK
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I need help with my assignment please
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Tamm.VTON Chapter 3 Homework Help 3 Part 1 of 2 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 27,000 units in inventory. 80% complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $63,200 consisted of $47,200 of direct materials costs and $16,000 of conversion costs. During the month, the forming department started...
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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...
HOW DO I CALCULATE? Fields Company has two manufacturing departments, forming and painting. The company uses...
HOW DO I CALCULATE?
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 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $70,100 consisted of $50,800 of direct materials costs and $19,300 of conversion costs. During the month, the forming department started 400,000 units. At the end of the...
How do i calculate? Fields Company has two manufacturing departments, forming and painting. The company uses...
How do i calculate?
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 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $70,100 consisted of $50,800 of direct materials costs and $19,300 of conversion costs. During the month, the forming department started 400,000 units. At the end of...
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JJU ASSighment #3 Saved View Help Open in Desktop App I U DAVAO DE E D Tell me what you want to do E ... Normal Question 2. (14 Marks) Yum Yum Meat Company uses a process costing system. The following information relates to one month's activity in the company's Curing Department: Conversion Percentage Complete Beginning work in process inventory Units started Units completed and transferred out Ending work in process inventory Units 10,000 21,000 26,000 5,000 The conversion cost...
PLEASE SHOW STEP BY STEP THANK
YOU!!
119.(Appendix 6A) The Smith Company manufactures a product that goes through two departments prior to completion. The following information is available on work in one of these departments, the Forming Department, during March: Percentage Completed Units Materials Conversion Work in process, March 1 70,000 517 377 Started into production 460,000 Completed and transferred out 450,000 Work in process, March 31 80,000 7/8 5/8 Cost in the beginning work-in-process inventory and cost added during...
I need help with my assignment please
Exercise 3-6 Weighted average: Cost per EUP and costs assigned to output LO C2 The 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 36,500 units in inventory, 75% complete as to materials and 25% complete as to conversion costs. The beginning inventory cost of $83,100 consisted of $58,600 of direct material costs...
Tamm.VTON Chapter 3 Homework Help 3 Part 1 of 2 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 27,000 units in inventory. 80% complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $63,200 consisted of $47,200 of direct materials costs and $16,000 of conversion costs. During the month, the forming department started...
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...
HOW DO I CALCULATE?
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 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $70,100 consisted of $50,800 of direct materials costs and $19,300 of conversion costs. During the month, the forming department started 400,000 units. At the end of the...
How do i calculate?
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 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $70,100 consisted of $50,800 of direct materials costs and $19,300 of conversion costs. During the month, the forming department started 400,000 units. At the end of...
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