Homework Answers
Total Cost per equivalent unit = 1.61+6 = 7.61
Total Cost of unit transferred out = Unit transferred out*Cost per equivalent unit = 32000*7.61 = 243520
So answer is c) $243520
Add Answer to:
Eco - Eliminator Manufacturing produces a chemical pesticide and uses process costing. There are three processing...
Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining,...
Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 44,000 fl. oz. of chemicals were started in production. Of these, 32,000 fl. oz. were completed and 12,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted average...
LDR Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining,...
LDR Manufacturing produces a pesticide chemical and uses process
costing. There are three processing departments—Mixing, Refining,
and Packaging. On January 1, 2014, the first department, Mixing,
had no beginning inventory. During January, 40,000 fl. oz. of
chemicals were started in production. Of these, 32,000 fl. oz. were
completed and 8,000 fl. oz. remained in process. Management
estimates that the in-process units are approximately 60% complete.
In the Mixing Department, all direct materials are added at the
beginning of the production...
Thomas Manufacturing produces a chemical pesticide and uses process costing. There are three processing departmentslong dash—Mixing,...
Thomas Manufacturing produces a chemical pesticide and uses process costing. There are three processing departmentslong dash—Mixing, Refining, and Packaging. On January 1, the Refining Department had 2,000 gallons of partially processed product in production. During January, 36,000 gallons were transferred in from the Mixing Department, and 31,000 gallons were completed and transferred out. At the end of the month, there were 7,000 gallons of partially processed product remaining in the Refining Department. See additional details below. Refining Department, beginning balance...
Thomas Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments-Mixing. Refining,...
Thomas Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments-Mixing. Refining, and Packaging On January 1, the Refining Department had 2,000 gallons of partially processed product in production. During January, 36,000 gallons were transferred in from the Mosing Department, and 31,000 gations were completed and transferred out. At the end of the month, there were 7.000 gallons of partially processed product remaining in the Refining Department. See additional Detais below Refining Department, beginning balance at...
Question 2 Vaasa Chemicals makes a product by way of two processes- Mixing & Refining. Its process- costing sys...
Question 2 Vaasa Chemicals makes a product by way of two processes- Mixing & Refining. Its process- costing system in the Mixing Department has two direct cost categories (Chemical P & Chemical Q) and one conversion costs pool. Chemical P is introduced at the start of the operations in the Mixing Department, and Chemical Q is added when the product is three- fourths completed in the Mixing Department. Conversion costs are added evenly during the process. The following data pertain...
Valley Past Inc., uses the weighted average method for process costing. Valley produces oil products that...
Valley Past Inc., uses the weighted average method for process costing. Valley produces oil products that pass through two sequential departments. All the materials are added at the beginning of the process while conversion costs are incurred evenly throughout the process. The work in process inventory for Department 1 at the beginning of March 2019 consisted of 12,000 gallons. There were beginning costs containing $135,000 of materials and $25,000 of Direct Labor and $10,000 of Manufacturing Overhead. During March 135,000...
you serve ware and uses process costing. At the start of May, 2,300 units were in...
you serve ware and uses process costing. At the start of May, 2,300 units were in process. During May, 11,000 units were completed and 2,000 units were in process at the end of May. The units in process at the end of May were 80% complete with respect to material and 30% complete with respect to conversion costs. Other information is as follows: Work in process, May 1: Direct material $28,800 Conversion costs 48,000 Costs incurred during May: Direct material...
8. Paxton Corporation uses the weighted-average method in its process costing system. The Molding Department is...
8. Paxton Corporation uses the weighted-average method in its
process costing system. The Molding Department is the second
department in its production process. The data below summarize the
department's operations in January.
The accounting records indicate that the conversion cost that had
been assigned to beginning work in process inventory was $10,973
and a total of $268,107 in conversion costs were incurred in the
department during January.
What was the cost per equivalent unit for conversion costs for
January in...
Harker Corporation uses the weighted-average method in its process costing system. The first processing department, the...
Harker Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 16,000 units in its beginning work in process inventory that were 40% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $29,440. An additional 59,000 units were started into production during the month and 61,000 units were completed in the Welding Department and transferred to the next processing department. There...
1. Darden Corporation uses the weighted-average method in its process costing system. The first processing department,...
1. Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 19,200 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $19,200. An additional 90,000 units were started into production during the month. There were 23,000 units in the ending work in process inventory of the Welding Department that...
Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 44,000 fl. oz. of chemicals were started in production. Of these, 32,000 fl. oz. were completed and 12,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted average...
LDR Manufacturing produces a pesticide chemical and uses process
costing. There are three processing departments—Mixing, Refining,
and Packaging. On January 1, 2014, the first department, Mixing,
had no beginning inventory. During January, 40,000 fl. oz. of
chemicals were started in production. Of these, 32,000 fl. oz. were
completed and 8,000 fl. oz. remained in process. Management
estimates that the in-process units are approximately 60% complete.
In the Mixing Department, all direct materials are added at the
beginning of the production...
Thomas Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments-Mixing. Refining, and Packaging On January 1, the Refining Department had 2,000 gallons of partially processed product in production. During January, 36,000 gallons were transferred in from the Mosing Department, and 31,000 gations were completed and transferred out. At the end of the month, there were 7.000 gallons of partially processed product remaining in the Refining Department. See additional Detais below Refining Department, beginning balance at...
Question 2 Vaasa Chemicals makes a product by way of two processes- Mixing & Refining. Its process- costing system in the Mixing Department has two direct cost categories (Chemical P & Chemical Q) and one conversion costs pool. Chemical P is introduced at the start of the operations in the Mixing Department, and Chemical Q is added when the product is three- fourths completed in the Mixing Department. Conversion costs are added evenly during the process. The following data pertain...
Valley Past Inc., uses the weighted average method for process costing. Valley produces oil products that pass through two sequential departments. All the materials are added at the beginning of the process while conversion costs are incurred evenly throughout the process. The work in process inventory for Department 1 at the beginning of March 2019 consisted of 12,000 gallons. There were beginning costs containing $135,000 of materials and $25,000 of Direct Labor and $10,000 of Manufacturing Overhead. During March 135,000...
you serve ware and uses process costing. At the start of May, 2,300 units were in process. During May, 11,000 units were completed and 2,000 units were in process at the end of May. The units in process at the end of May were 80% complete with respect to material and 30% complete with respect to conversion costs. Other information is as follows: Work in process, May 1: Direct material $28,800 Conversion costs 48,000 Costs incurred during May: Direct material...
8. Paxton Corporation uses the weighted-average method in its
process costing system. The Molding Department is the second
department in its production process. The data below summarize the
department's operations in January.
The accounting records indicate that the conversion cost that had
been assigned to beginning work in process inventory was $10,973
and a total of $268,107 in conversion costs were incurred in the
department during January.
What was the cost per equivalent unit for conversion costs for
January in...
Most questions answered within 3 hours.
-
A regional highway uses 8 tollbooths that are open to all
vehicles. A chi-square goodness-of-fit test...
asked 34 seconds ago -
In her Semiannual Monetary Policy Report to Congress on July 13,
2017, then Federal Reserve Chair...
asked 4 seconds from now -
Suppose N packets are sent,
and each packet arrives at rate of L/2R to a link....
asked 18 minutes ago -
17. Show the steps involved in reduction of the ketone in fatty
acid synthesis. Which cofactor...
asked 20 minutes ago -
5.61 g of octane, C8H18, reacts with excess oxygen in a bomb
calorimeter. The heat capacity...
asked 24 minutes ago -
The velocity field of a flow is given by V = (2+1) x
y2 i +...
asked 33 minutes ago -
(EPS with
Convertible Bonds) On June 1, 2012, Bluhm Company and
Amanar Company merged to form...
asked 30 minutes ago -
2. Discuss why the study exemplifies one that agrees with The
American Psychological Association’s (APA) Ethical...
asked 34 minutes ago -
Without considering the following capital gains and losses,
Charlene, who is single, has a taxable income...
asked 42 minutes ago -
1a. The __________ functional group often triggers our sense of
smell.
1b. The geometry around a...
asked 55 minutes ago -
A uniform plank of length 2.00 m and mass 34.0 kg is supported
by three ropes,...
asked 56 minutes ago -
Suppose a floor on a hospital has 12 physicians at any given
time. You are brought...
asked 1 hour ago