Homework Answers
1. Conversion cost = total manufacturing cost - material cost
= 132760 - 94000
= $38760
Conversion cost per unit = 38760/7600 = $5.10
2. Ending work in process = beginning work in process + units started - completed units
= 30300+59700-70200
= 19800 units
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Sunland Industries has equivalent units of 7600 for materials and for conversion costs. Total manufacturing costs...
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Costs Materials Conversion Costs Total Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, February 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, February 28 Materials Conversion costs Total costs Click if you would like to Show Work for this question: Open Show Work Exercise 3-13 (Video) The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020....
Equivalent units of production for direct materials and conversion. If an amount is zero or a...
Equivalent units of
production for direct materials and conversion. If an amount is
zero or a blank, enter in "0".
Work
in Process-Assembly Department
Equivalent Units of Production for Direct Materials and
Conversion Costs
Need help on
Section B
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department...
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Question 34 Fullerton Company has the following equivalent units for October: materials 40,000 and conversion costs 15,000. Production cost data are: Materials Conversion Work in process, October 1 $ 50,000 $ 7.500 Costs added in October 130.000 22,500 The unit production costs for October are: $3.25 Materials Cost per unit and $1.50 Conversion Costs per unit $4.50 Materials Cost per unit and $2.00 Conversion Costs per unit $3.25 Materials Cost per unit and $.50 Conversion Costs per unit 01.25 Materials...
A. Total conversion LUSU B. Conversion cost per equivalent unit C. Direct materials cost per equivalent...
A. Total conversion LUSU B. Conversion cost per equivalent unit C. Direct materials cost per equivalent unit 000 units EX 3-11 Equivalent units of production and related costs Obj. 2 The charges to Work in Process-Assembly Department for a period, together with informa- tion concerning production, are as follows. All direct materials are placed in process at the beginning of production. CEL TEMPLATE Work in Process-Assembly Department Bal., 1,600 units, 35% completed 17,440 To Finished Goods, 29,600 units Direct materials,...
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Sunland Company has the following production data for March: no beginning work in process, units started...
Sunland Company has the following production data for March: no beginning work in process, units started and completed 32,000, and ending work in process 3,200 units that are 100% complete for materials and 40% complete for conversion costs. Sunland uses the FIFO method to compute equivalent units. If unit materials cost is $4 and unit conversion cost is $13. The total costs to be assigned are $573,440, prepare the cost section of the production cost report for Sunland Company using...
Sunland Company has the following production data for March: no beginning work in process, units started...
Sunland Company has the following production data for March: no beginning work in process, units started and completed 32,000, and ending work in process 3,200 units that are 100% complete for materials and 40% complete for conversion costs. Sunland uses the FIFO method to compute equivalent units. If unit materials cost is $4 and unit conversion cost is $13. The total costs to be assigned are $573,440, prepare the cost section of the production cost report for Sunland Company using...
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a...
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 2,000 units, 75% completed 6,500 To Finished Goods, 46,000 units Direct materials, 47,000 units @ 61,100 $1.30 Direct labor 93,300 Factory overhead 36,340 Bal. ? units, 60% completed Determine the following: a. The number of units in work...
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a...
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 9,000 units, 75% completed 27,000 To Finished Goods, 207,000 units Direct materials, 212,000 units @ 318,000 $1.5 Direct labor 334,900 Factory overhead 130,290 Bal. ? units, 80% completed Determine the following: a. The number of units in work...
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a...
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 9,000 units, 40% completed 72,360 To Finished Goods, 41,500 units Direct materials, 40,000 units @ $6.80 272,000 Direct labor 80,000 Factory overhead 40,450 Bal., ? units, 30% completed Determine the following: a. The number of units in work...
Costs Materials Conversion Costs Total Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, February 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, February 28 Materials Conversion costs Total costs Click if you would like to Show Work for this question: Open Show Work Exercise 3-13 (Video) The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020....
Equivalent units of
production for direct materials and conversion. If an amount is
zero or a blank, enter in "0".
Work
in Process-Assembly Department
Equivalent Units of Production for Direct Materials and
Conversion Costs
Need help on
Section B
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department...
Question 34 Fullerton Company has the following equivalent units for October: materials 40,000 and conversion costs 15,000. Production cost data are: Materials Conversion Work in process, October 1 $ 50,000 $ 7.500 Costs added in October 130.000 22,500 The unit production costs for October are: $3.25 Materials Cost per unit and $1.50 Conversion Costs per unit $4.50 Materials Cost per unit and $2.00 Conversion Costs per unit $3.25 Materials Cost per unit and $.50 Conversion Costs per unit 01.25 Materials...
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Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in pro production. Work in Process-Assembly Department Bal., 6,000 units, 55% completed Direct materials, 141,000 units $1.3 Direct labor Factory overhead Bal, 2 units, 40% completed 19,350 183,300 To Finished Goods, 138,000 units 378,400 147,140 Determine the following a. The number of units in work in process inventory at the...
Sunland Company has the following production data for March: no beginning work in process, units started and completed 32,000, and ending work in process 3,200 units that are 100% complete for materials and 40% complete for conversion costs. Sunland uses the FIFO method to compute equivalent units. If unit materials cost is $4 and unit conversion cost is $13. The total costs to be assigned are $573,440, prepare the cost section of the production cost report for Sunland Company using...
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 2,000 units, 75% completed 6,500 To Finished Goods, 46,000 units Direct materials, 47,000 units @ 61,100 $1.30 Direct labor 93,300 Factory overhead 36,340 Bal. ? units, 60% completed Determine the following: a. The number of units in work...
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 9,000 units, 75% completed 27,000 To Finished Goods, 207,000 units Direct materials, 212,000 units @ 318,000 $1.5 Direct labor 334,900 Factory overhead 130,290 Bal. ? units, 80% completed Determine the following: a. The number of units in work...
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