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The following information relates to Caromatic Company for its line of perfume products for the month...
Bubbly Bottling Company bottles ginger beer soft drinks using a process cost system. Following are cost...
Bubbly Bottling Company bottles ginger beer soft drinks using a process cost system. Following are cost and production data for the mixing department for March: Units Materials Conversion Costs 26,000 $6,440 $7,760 Inventory, March 1 Placed in production during March 74,000 $16,620 $31,200 Inventory, March 31 34,000 ? The March 31 inventory was 100% complete as to materials, and 40% complete as to conversion costs. Required: Prepare a production cost report for the month ended March 31 using the average...
Oslo Company produces large quantities of a standardized product. The following information is available for the...
Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May. $ 5,058 11,298 Units Beginning work in process inventory Started Ending work in process inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Costs 6,200 Beginning work in process inventory 23,000 Direct materials 7,400 Conversion Direet materials added 1001 Direet labor added 356 Overhead applied (908 of direct labor) Total costs to account...
Vista Vacuum Company has the following production information for the month of March. All materials are...
Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units • Beginning inventory of 4,100 units that are 100 percent complete for materials and 22 percent complete for conversion. • 14,400 units started during the period. • Ending inventory of 2,700 units that are 12 percent complete for conversion. Manufacturing Costs • Beginning inventory was $20,000 ($10,100 materials and $9,900 conversion costs). Costs added during...
3. Vista Vacuum Company has the following production information for the month of March. All materials...
3. Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units Beginning inventory of 3,100 units that are 100 percent complete for materials and 20 percent complete for conversion. .15,100 units started during the period. Ending inventory of 3,800 its that are 11 percent complete for conversion. Manufacturing Costs .Beginning inventory was $20,100 ($9,600 materials and $10,500 conversion costs). Costs added during the month were...
Brite Toothbrushes has gathered the following information to complete its Production Report for the month of...
Brite Toothbrushes has
gathered the following information to complete its Production
Report for the month of April. Assume all materials are added at
the beginning of the process.
(I appreciate any help that is given. Thanks in advance!)
Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the beginning of the process. Required: Using the provided information, complete the report. (Round cost per Equivalent Units to...
Brite Toothbrushes has gathered the following information to complete its Production Report for the month of...
Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the beginning of the process. Required: Using the provided information, complete the report. (Round cost per Equivalent Units to 2 decimal places.) Brite Toothbrushes Process Costing Production Report (Weighted Average Method) Assembly Department For the Month Ended April 30, XXXX Physical Units UNITS Units to be accounted for: Beginning work in process 50% complete as to conversion...
The records of Fremont Corporation's initial and unaudited accounts show the following ending inventory balances, which...
The records of Fremont Corporation's initial and unaudited accounts show the following ending inventory balances, which must be adjusted to actual costs. Units Unaudited Costs $798,572 343,800 Work-in-process inventory Finished goods inventory 140,000 18,000 As the auditor, you have learned the following information. Ending work-in-process inventory is 40 percent complete with respect to conversion costs. Materials are added at the beginning of the manufacturing process, and overhead is applied at the rate of 80 percent of the direct labor costs....
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 26,300 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $739,692 in total. The ending work in process inventory in January consisted of 2,700 units, which were 50% complete with respect to materials and 30% complete with respect to labor and overhead. The...
Elliott Company produces large quantities of a standardized product. The following information is available for the...
Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March. Units Beginning work in process inventory Started Ending work in process inventory 4,000 40,000 8,000 Costs Beginning work in process inventory Direct materials Conversion sok int Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 100 Direct labor added 209 Overhead applied (1408 of direct labor) Total costs to account for...
Check my w 14 Elliott Company produces large quantities of a standardized product. The following information...
Check my w 14 Elliott Company produces large quantities of a standardized product. The following information is available for its production activities for March. 0.54 points Units Beginning work in process inventory Started Ending work in process inventory 4,000 40,000 8,000 Costs Beginning work in process inventory Direct materials Conversion Skipped $ 4,720 15, 264 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete 25% Direct materials added 100% Direct labor added Overhead applied (140% of direct labor)...
Bubbly Bottling Company bottles ginger beer soft drinks using a process cost system. Following are cost and production data for the mixing department for March: Units Materials Conversion Costs 26,000 $6,440 $7,760 Inventory, March 1 Placed in production during March 74,000 $16,620 $31,200 Inventory, March 31 34,000 ? The March 31 inventory was 100% complete as to materials, and 40% complete as to conversion costs. Required: Prepare a production cost report for the month ended March 31 using the average...
Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May. $ 5,058 11,298 Units Beginning work in process inventory Started Ending work in process inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Costs 6,200 Beginning work in process inventory 23,000 Direct materials 7,400 Conversion Direet materials added 1001 Direet labor added 356 Overhead applied (908 of direct labor) Total costs to account...
Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units • Beginning inventory of 4,100 units that are 100 percent complete for materials and 22 percent complete for conversion. • 14,400 units started during the period. • Ending inventory of 2,700 units that are 12 percent complete for conversion. Manufacturing Costs • Beginning inventory was $20,000 ($10,100 materials and $9,900 conversion costs). Costs added during...
3. Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units Beginning inventory of 3,100 units that are 100 percent complete for materials and 20 percent complete for conversion. .15,100 units started during the period. Ending inventory of 3,800 its that are 11 percent complete for conversion. Manufacturing Costs .Beginning inventory was $20,100 ($9,600 materials and $10,500 conversion costs). Costs added during the month were...
Brite Toothbrushes has
gathered the following information to complete its Production
Report for the month of April. Assume all materials are added at
the beginning of the process.
(I appreciate any help that is given. Thanks in advance!)
Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the beginning of the process. Required: Using the provided information, complete the report. (Round cost per Equivalent Units to...
Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the beginning of the process. Required: Using the provided information, complete the report. (Round cost per Equivalent Units to 2 decimal places.) Brite Toothbrushes Process Costing Production Report (Weighted Average Method) Assembly Department For the Month Ended April 30, XXXX Physical Units UNITS Units to be accounted for: Beginning work in process 50% complete as to conversion...
The records of Fremont Corporation's initial and unaudited accounts show the following ending inventory balances, which must be adjusted to actual costs. Units Unaudited Costs $798,572 343,800 Work-in-process inventory Finished goods inventory 140,000 18,000 As the auditor, you have learned the following information. Ending work-in-process inventory is 40 percent complete with respect to conversion costs. Materials are added at the beginning of the manufacturing process, and overhead is applied at the rate of 80 percent of the direct labor costs....
Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March. Units Beginning work in process inventory Started Ending work in process inventory 4,000 40,000 8,000 Costs Beginning work in process inventory Direct materials Conversion sok int Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 100 Direct labor added 209 Overhead applied (1408 of direct labor) Total costs to account for...
Check my w 14 Elliott Company produces large quantities of a standardized product. The following information is available for its production activities for March. 0.54 points Units Beginning work in process inventory Started Ending work in process inventory 4,000 40,000 8,000 Costs Beginning work in process inventory Direct materials Conversion Skipped $ 4,720 15, 264 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete 25% Direct materials added 100% Direct labor added Overhead applied (140% of direct labor)...
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