Question

DBD0 8 D = Home Insert Mailings Review View Design Layout References 11 - A- A A I U .abe X, X? A. A A B 4. Coca-Cola uses a
0 0
Add a comment Improve this question Transcribed image text
Answer #1
1)
Units (a)
Units completed and transferred out 70,000
Ending Work-in process inventory, 7/31 30,000
   Units accounted for 100,000
2) Materials Conversion
Units (a) % (b) Equivalent Units (a*b) % (c ) Equivalent Units (a*c)
Units completed and transferred out 70,000 100% 70,000 100% 70,000
Ending Work-in process inventory, 7/31 30,000 100% 30,000 30% 9,000
Totals 100,000 100,000 79,000
3) Materials Conversion Total
Work-in process inventory, beginning $80,000 $13,000 $93,000
Add: Costs added during the month $190,000 $137,100 $327,100
Total Costs accounts for equivalent units (a) $270,000 $150,100 $420,100
Equivalent units of production (b) 100,000 79,000 179,000
Cost per equivalent unit (a/b) $2.70 $1.90 $2.35
Cost per equivalent unit (a) Equivalent Units (b) Costs assigned to 70,000 units
   Materials $2.70 70,000 $189,000
   Conversion $1.90 70,000 $133,000
Total costs assigned to 70,000 units that were transferred out $322,000
4) Cost per equivalent unit (a) Equivalent Units (b) Costs assigned to 70,000 units
   Materials $2.70 30,000 $81,000
   Conversion $1.90 9,000 $17,100
Total costs assigned Inventory as on July 31st $98,100
Add a comment
Know the answer?
Add Answer to:
DBD0 8 D = Home Insert Mailings Review View Design Layout References 11 - A- A...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Coca-Cola uses a process cost accounting system and a weighted-average cost flow assumption. The department adds...

    Coca-Cola uses a process cost accounting system and a weighted-average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80,000 of materials costs and $13,000 of conversion costs. (20 pts) Other data for the month of July are as...

  • Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost...

    Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the month of...

  • Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost...

    Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the month of...

  • Document13 AutoSave View Review References Mailings Design Layout Insert Draw ome Aa v Calibri (Bo. 12...

    Document13 AutoSave View Review References Mailings Design Layout Insert Draw ome Aa v Calibri (Bo. 12 Paste U v ab x, x Required information [The following information applies to the questions displayed below. Mirada Company manufactures handheld calculators and has the following information available for the month of July: Work in process, July 1 (100% complete for materials, 25% for conversion) Direct materials 134,000 units $ 248,000 $ 402,000 Conversion cost 228,000 units Number of units started July costs Direct...

  • sum Section 3 (20 points) The Assembly Department uses a uning womanda weighted average on flow...

    sum Section 3 (20 points) The Assembly Department uses a uning womanda weighted average on flow assumption. The department adds materiais beginning of the pro n ours conversion costs uniformly throughout the proc During w $100.000 of materials and $137,100 in conversion costs were charged to the department. The beginning work inventory was $93,000 on July 1. comprised of SBO,000 of materials costs and $13.000 GA conversion costs. Other data for the month of July are as follows: Beginning work...

  • Draw Page Layout Formulas Data Review View Calibri (Body) 11 A = = = 2 2...

    Draw Page Layout Formulas Data Review View Calibri (Body) 11 A = = = 2 2 Wrap Text General Insert -X Cut b Copy ~ Format x A S E E Merge & Center $ % % -98 Conditional Form Formatting as Ta! BIV x ACCT 301 Week 6 HW Exercise 4 Process contestem Step 1 Physical flow begin WIP 4000 End WIP Started 2000 Transferred out 4000 The Finishing Department of Cosette Company has the following production and cost...

  • Section 3 (20 points) The Assembly Department uses a process cost accounting system and a weighted...

    Section 3 (20 points) The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and me conversion costs uniformly throughout the process. During July $190,000 of materials costs and 137.100 in conversion costs were charged to the department. The beginning work in process mory was 593,000 on July 1. comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the...

  • Documenti - Word nces Mailings Review View Help E 21 A Aa A E. DA AaBbccd4ABCD...

    Documenti - Word nces Mailings Review View Help E 21 A Aa A E. DA AaBbccd4ABCD Aabba Abbcct AaB Aabbed AaBbc 1 Normal 1 No Spac... Heading 1 Heading 2 Subtle Title Subtitle Paragraph Question 1 The ledger of Magdy Company has the following work in process account: Work in Process --Painting 5/1 Balance $3,690 5/31 Transferred out 57 S/31 Materials 8,150 5/31 Labour 2,400 5/31 Overhead 1,452 5/31 Balance 52 Production records show that there were 420 units in...

  • dit View Insert Format Tools Table Window Help Document14 Review View Mailings Com • AutoSave A...

    dit View Insert Format Tools Table Window Help Document14 Review View Mailings Com • AutoSave A S U . me Insert Draw Design Layout References hX Calibri (Bo... - 12 AA Aa A ste BTV x x A-DA 211 Share Afbedde AaBb, Accode E O No Spacing Heading Styles Sense Required information The following information applies to the questions displayed below Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of...

  • The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion...

    The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion costs uniformly throughout the process. During May, $200,000 of materials costs and $95,000 in conversion costs were charged to the department. The beginning Work in Process inventory was $63,000 on May 1, comprised of $40,000 of materials costs and $23,000 of conversion costs. The company employs the FIFO method of process costing. Other data for the month of May are as follows: Beginning Work...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT