Homework Answers
Beginning units = 87,000 X 57% = 49,590
Units started and completed = 969,000 - 87,000 = 882,000
Ending units = 145,000 X 69% = 100,050
Total = 1,031,640
Equivalent units = 1,031,640
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signment Materials are added at the beginning of the production process at Campo Company. Campo uses...
Materials are added at the beginning of the production process at Campo Company. The following information...
Materials are added at the beginning of the production process at Campo Company. The following information on the physical flow of units is available for the month of November Beginning work in process (48 complete) 47,000 550,000 525,000 72,000 Started in November Completed in November and transferred out Ending work in process (50% complete) Cost data for November show the following. Beginning WIP inventory Direct materials costs 28,300 Conversion costs 45,700 Current period costs Direct materials costs 350,950 Conversion costs...
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Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added...
Victory Company uses weighted-average process costing to
account for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the process. During November, the company transferred 700,000
units of product to finished goods. At the end of November, the
work in process inventory consists of 180,000 units that are 30%
complete with respect to conversion. Beginning inventory had
$420,000 of direct materials and $139,000 of conversion cost. The
direct material cost...
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added...
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process transferred 750,000 units of product to the second process. Additional information for the first process follows. At the end of November, work in process inventory consists of 199,000 units that are 70% complete with respect to conversion. Beginning work in process inventory had $246,740...
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added even...
Victory Company uses weighted-average process costing to account
for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the first process. During November, the first process
transferred 705,000 units of product to the second process.
Additional information for the first process follows. At the end of
November, work in process inventory consists of 184,000 units that
are 50% complete with respect to conversion. Beginning work in
process inventory had $288,925...
Materials are added at the beginning of a production process, and ending work in process inventory...
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FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and...
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FIFO Muskoge Company
FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the...
Materials are added at the beginning of the production process at Campo Company. The following information on the physical flow of units is available for the month of November Beginning work in process (48 complete) 47,000 550,000 525,000 72,000 Started in November Completed in November and transferred out Ending work in process (50% complete) Cost data for November show the following. Beginning WIP inventory Direct materials costs 28,300 Conversion costs 45,700 Current period costs Direct materials costs 350,950 Conversion costs...
Victory Company uses weighted-average process costing to
account for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the process. During November, the company transferred 700,000
units of product to finished goods. At the end of November, the
work in process inventory consists of 180,000 units that are 30%
complete with respect to conversion. Beginning inventory had
$420,000 of direct materials and $139,000 of conversion cost. The
direct material cost...
Victory Company uses weighted-average process costing to account
for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the first process. During November, the first process
transferred 705,000 units of product to the second process.
Additional information for the first process follows. At the end of
November, work in process inventory consists of 184,000 units that
are 50% complete with respect to conversion. Beginning work in
process inventory had $288,925...
Materials are added at the beginning of a production process, and ending work in process inventory is 20% complete with respect to conversion costs. Use the information provided to complete a production cost report using the weighted average method. Costs to Account For Beginning inventory materials $9.000 Beg i nventory conversion 20.000 Direct material 58.600 Direct labor 74.000 Applied overhead 34520 Total costs to account for $196,120 Units to Account For Beginning work in process 5.000 Units started into production...
Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Units Costs Beginning work in process (30% complete) 126,800 Direct materials 184,000 Conversion cost 336,000 Total cost of beginning work in process 520,000 Number of units started 235,000 Number of units completed and transferred to finished goods Ending work in process (65% complete) Current period costs 334,000 Direct materials 499,400 640,000...
FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and...
FIFO Muskoge Company
FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the...
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