This is the question I am working on.
how do you determine the purchases and opening work in process
Homework Answers
| Unit | Cost | ||
| Materials in Opening WIP | 550 | 5500 | |
| Materials Purchased | 2150 | 21770 | |
| Total | 2700 | 27270 | |
| Weighted average cost per unit | 10.1 | (27270)/2700 | |
| Cost of materials | |||
| Opening work in process | 5500 | ||
| Purchases | 21770 | ||
| Cost of materials goods transferred to next department | 22725 | (2250*10.1) | |
| Ending work in process | 4545 | ||
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This is the question I am working on.
how do you determine the purchases and opening...
The cutting department is the first department of Shoe Maker, LLC. On March 1, 2019, the...
The cutting department is the first department of Shoe Maker, LLC. On March 1, 2019, the beginning inventory in this department consisted of 580 units. Costs for the beginning work in process were as follows: Materials (100% complete) $ 5,800 Labor (70% complete) 3,800 Overhead (70% complete) 2,800 During March 2019, 2,300 units were started into production with the following costs: Materials $ 24,152 Labor 15,800 Overhead 15,296 The number of units completed and sent to the finishing department was...
I guess I am just confused with mostly how to get the Ending Inventory column. Any...
I guess I am just confused with mostly how to get the Ending
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Brainerd Corporation adds all materials at the beginning of production. On August 1, 2019, 1,400 gallons...
Brainerd Corporation adds all materials at the beginning of production. On August 1, 2019, 1,400 gallons of its product were in production in the first department. During the month of August, 10,600 gallons were put into production. On August 31, 1,900 gallons were still in production. The ending inventory is estimated to be 70 percent complete as to labor and overhead. Cost data for the month follows: Materials Labor Overhead Beginning inventory of work in process $ 7,560 $ 5,100...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta...
Superior Micro Products uses the weighted-average method in its
process costing system. During January, the Delta Assembly
Department completed its processing of 25,400 units and transferred
them to the next department. The cost of beginning work in process
inventory and the costs added during January amounted to $704,202
in total. The ending work in process inventory in January consisted
of 2,100 units, which were 70% complete with respect to materials
and 50% complete with respect to labor and overhead. The...
Weber Company purchases $50,100 of raw materials on account, and it incurs $61,000 of factory labor...
Weber Company purchases $50,100 of raw materials on account, and
it incurs $61,000 of factory labor costs. Supporting records show
that (a) the Assembly Department used $24,100 of raw materials and
$36,000 of the factory labor, and (b) the Finishing Department used
the remainder. Manufacturing overhead is assigned to departments on
the basis of 160% of labor costs.
Journalize the assignment of overhead to the Assembly and Finishing
Departments.
2) Goode Company has the following production data for selected
months....
Superior Micro Products uses the weighted average method in its process costing system. During January, the...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $704,370 in total. The ending work in process inventory in January consisted of 3.800 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
One question, four parts to the same question. Superior Micro Products uses the weighted-average method in...
One question, four parts to the same question.
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,200 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $664.272 in total. The ending work in process inventory in January consisted of 2,800 units, which were 50% complete with respect to materials and 30%...
question 1 and 2 Pureform, Inc., uses the weighted average method in its process costing system....
question 1 and 2
Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: Materials $ 102,200 $ Labor 30,100 Overhead $ 42,000 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory. ending Cost added during the month Unito 75,000 709,000 730,000 54,000 $1,351,490 $371,110 $ 518,180 The beginning work in process...
Superior Micro Products uses the weighted average method in its process costing system. During January, the...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $708,640 in total. The ending work in process inventory in January consisted of 3,200 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior...
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25.100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $687312 in total. The ending work in process inventory in January consisted of 3,600 unts which were...
I guess I am just confused with mostly how to get the Ending
Inventory column. Any help is appreciated
Equivalent Units Calculations-FIFO Method Ferris Corporation makes a powdered rug shampoo in two sequential departments, Compounding and Drying. Materials are added at the beginning of the process in the Compounding Department. Conversion costs are added evenly throughout each process. Ferris uses the FIFO method of process costing. In the Compounding Department, beginning work in process was 4,000 pounds (70% processed), 37,000...
Superior Micro Products uses the weighted-average method in its
process costing system. During January, the Delta Assembly
Department completed its processing of 25,400 units and transferred
them to the next department. The cost of beginning work in process
inventory and the costs added during January amounted to $704,202
in total. The ending work in process inventory in January consisted
of 2,100 units, which were 70% complete with respect to materials
and 50% complete with respect to labor and overhead. The...
Weber Company purchases $50,100 of raw materials on account, and
it incurs $61,000 of factory labor costs. Supporting records show
that (a) the Assembly Department used $24,100 of raw materials and
$36,000 of the factory labor, and (b) the Finishing Department used
the remainder. Manufacturing overhead is assigned to departments on
the basis of 160% of labor costs.
Journalize the assignment of overhead to the Assembly and Finishing
Departments.
2) Goode Company has the following production data for selected
months....
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $704,370 in total. The ending work in process inventory in January consisted of 3.800 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
One question, four parts to the same question.
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,200 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $664.272 in total. The ending work in process inventory in January consisted of 2,800 units, which were 50% complete with respect to materials and 30%...
question 1 and 2
Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: Materials $ 102,200 $ Labor 30,100 Overhead $ 42,000 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory. ending Cost added during the month Unito 75,000 709,000 730,000 54,000 $1,351,490 $371,110 $ 518,180 The beginning work in process...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $708,640 in total. The ending work in process inventory in January consisted of 3,200 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25.100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $687312 in total. The ending work in process inventory in January consisted of 3,600 unts which were...
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