The Bottling Department of Mountain Springs Water Company had 4,500 liters in beginning work in process inventory (25% complete). During the period, 56,300 liters were completed. The ending work in process inventory was 2,800 liters (55% complete). All inventories are costed by the first-in, first-out method. What are the equivalent units for conversion costs under the FIFO method?
_equivalent units
Equivalent units for conversion costs under the FIFO method = 56,715 units
Explanation
Calculation of the total equivalent units for conversion costs using FIFO Method | |||
Particulars | Whole units (A) | Percentage conversion | Equivalent units |
Added in period (B) | of materials (A x B) | ||
Beginning work in process inventory | 4,500.00 | 75% | 3,375.00 |
Add: Started and completed (56,300 - 4,500) | 51,800.00 | 100% | 51,800.00 |
Transferred out of bottling (completed) | 56,300.00 | 55,175.00 | |
Add: ending work in process inventory | 2,800.00 | 55% | 1,540.00 |
Total units to be assigned costs | 59,100.00 | 56,715.00 |
The Bottling Department of Mountain Springs Water Company had 4,500 liters in beginning work in process...
The Bottling Department of Mountain Springs Water Company had 5,400 liters in beginning work in process inventory (30% complete). During the period, 55,200 liters were completed. The ending work in process inventory was 3,000 liters (65% complete). All inventories are costed by the first in, first-out method. What are the equivalent units for conversion costs under the FIFO method? equivalent units
The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 2,610 liters in beginning work in process inventory (30% complete). During the period 57,020 liters were completed. The ending work in process was 5,410 liters (70% completed). All inventories are costed by the first-in, first-out method. What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process? equivalent units
The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 2,680 liters in beginning work in process inventory (30% complete). During the period 58,970 liters were completed. The ending work in process was 6,610 liters (70% completed). All inventories are costed by the first-in, first-out method. What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process? Please Help Me!! I do not...
The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 8,000 liters in beginning work in process inventory (60% complete). During the period 70,000 liters were completed. The ending work in process was 3,000 liters (60% completed). What are the total equivalent units for direct materials under the FIFO method if materials were added throughout the process? Whole Units Equivalent Units Inventory in process, beginning of period Started and completed during the period Transferred out...
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $901,600. The conversion cost for the period in the Bottling Department is $395,000. The total equivalent units for direct materials and conversion are 32,200 liters and 7,900 liters, respectively. Determine the direct materials and conversion cost per equivalent unit. Cost per equivalent unit of materials A Cost per equivalent unit of conversion Department M had 2,100 units 53% completed in process at the...
The Bottling Department of Rocky Springs Beverage Company had 3,400 ounces in beginning work in process inventory (10% complete). During the period, 56,100 ounces were completed. The ending work in process inventory was 2,800 ounces (10% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process?
The Bottling Department of Rocky Springs Beverage Company had 3,582 ounces in beginning work in process inventory (10% complete). During the period, 39,800 ounces were completed. The ending work in process inventory was 2,388 ounces (50% complete). What are the total equivalent units for conversion costs? Note: Round to the nearest whole unit. units
The Bottling Department of Rocky Springs Beverage Company had 4,000 ounces in beginning work in process inventory (40% complete). During the period, 67,100 ounces were completed. The ending work in process inventory was 3,400 ounces (10% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process? units
S5-16 (similar to) Question Help Mountain Springs produces premium bottled water. Mountain Springs purchases artesian water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling. At Mountain Springs, water is added at the beginning of the filtration process. Conversion costs are added evenly throughout the process. During May, the filtration process incurred the following costs in processing 200,000 liters: (Click the icon to view the costs.) (Click the icon to view the...
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $650,000. The conversion cost for the period in the Bottling Department is $498,000. The total equivalent units for direct materials and conversion are 26,000 liters and 8,300 liters, respectively. Determine the direct materials and conversion cost per equivalent unit. Cost per equivalent unit of materials $ Cost per equivalent unit of conversion $