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Under Weighted average method, units completed and ending units in process are considered for Equivalent units calculation | |||
Materials | Conversion | ||
Units completed and transferred out | 80000 | 80000 | |
Units is process, August 31 | |||
41500 X 100% | 41500 | ||
41500 X 66% | 27390 | ||
Equivalent units | 121500 | 107390 | |
Materials | 121500 | Equivalent units of production | |
Conversion | 107390 | Equivalent units of production |
Hello, I am unable to solve this problem, it seems easy enough but cengage doesn't provide...
Nonuniform Inputs, Equivalent Units Terry Unens Inc, manufactures bed and bath linens. The bath linens department sews terry cloth into towels of various sizes. Terry uses the weighted average method. All materials are added at the beginning of the process. The following data are for the bath linens department for August: Production: 17,500 61,000 Units in process, August 1, 25% complete Units completed and transferred out Units in process, August 31, 66% complete - With respect to conversion costs. 27,250...
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Unit Cost and Cost Assignment, Nonuniform Inputs Loran Inc. had the following equivalent units schedule and cost for its fabrication department during September: Materials Conversion Units completed 180,000 180,000 Add: Units in ending WIP x Fraction complete 72,000 41,040 (72,000 x 57%) Equivalent units of output 252,000 221,040 Costs: Work in process, September 1: Materials $147,000 Conversion costs 7,875 Total $154,875...
Can you help with how to answer 8 and 9? I do not see those 2 questions answered in the problem. How did they get to the answer 10. I just want to make sure I understand before moving on. Use the following information for questions 1 through 6. Best Linens manufactures towels and other linens. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As...
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Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process The blending department had the following data for the month of March: Units in BWIP Units completed 21,600 Units in EWIP (20% complete) 2,250 Total manufacturing costs $74,970 Required: 1. What is the output in equivalent units for March? equivalent units 2. What is the unit manufacturing...
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Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following information: Production: Units in process, July 1, 80% complete 40,000 gallons Units completed and transferred out 260,000 gallons Units in process, July 31, 75% complete 16,000 gallons Costs: Work...
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Steiner Corporation manufactures water skis through two processes: Molding and Packaging. In the Molding Department, fiberglass is heated and shaped into the form of a ski. In the Packaging Department, the skis are placed in cartons and sent to the finished goods warehouse. Materials are entered at the beginning of both processes. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the...
Can someone please help me fill in this table???!!! I have
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it.
Smith Electronic Company’s chip-mounting production department
had 300 units of unfinished product, each 50% completed on
September 30. During October of the same year, this department put
another 800 units into production and completed 900 units and
transferred them to the next production department. At the end of
October, 200 units of unfinished product, 70% completed, were...
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2 I Online ten-hing and iearning resource from Cengage Learning 5/10/2019 -S Equivalent Units of Producti The Converting Department of Hopkinsville Company had 640 units in work in process at the beginning of the period, which were 25% complete. During the period, 13,600 units were completed and transferred to the Packing Department here were 720 units in process at the end of he period which were...
Can someone please fill in this table for me? i have provided
the information needed for it. USE FIFO
Smith Electronic Company’s chip-mounting production department
had 300 units of unfinished product, each 50% completed on
September 30. During October of the same year, this department put
another 800 units into production and completed 900 units and
transferred them to the next production department. At the end of
October, 200 units of unfinished product, 70% completed, were
recorded in the ending...
Test/Exam 2 (Ch. 5-7) Production Report Alfombra Inc. manufactures throw rugs. The throw rug department weaves cloth and yarn into throw rugs of various sizes. Alfombra uses the weighted average method. Materials are added uniformly throughout the weaving process. In August, Alfombra switched from FIFO to the weighted average method. The following data are for the throw rug department for August: Production: Units in process, August 1, 60% complete 40,000 Units completed and transferred out 120,000 Units in process, August...