Homework Answers
| d) 9,910 | |||
| Statement of Equivalent production | |||
| Particulars | Conversion | %completion | Equivalent Conv |
| Opening WIP | 100.00 | 0% | - |
| Units started and completed (10,000 - 150) | 9,850.00 | 100% | 9,850.00 |
| ending WIP | 150.00 | 40% | 60.00 |
| Equivalent Units of production | 9,910.00 | ||
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100 8) The following data were provided by Boze Co. units % complete conversion BWIP 75%...
BWIP has 2,000 units which are 100% complete in materials and 60% complete in conversion. Units...
BWIP has 2,000 units which are 100% complete in materials and 60% complete in conversion. Units started this period were 15,000. EWIP has 5,000 units, 100% complete in materials and 50% complete in conversion. Cost of BWIP was $6,000 in materials and $2,400 in conversion. Cost added during the period was $45,000 in materials and $26,600 in conversion. What was the cost of the units transferred-out this period? (hint: complete step 4 from the 5 step production report) (1 Point)...
10. BWIP has 2,000 units which are 100% complete in materials and 60% complete in conversion....
10. BWIP has 2,000 units which are 100% complete in materials and 60% complete in conversion. Units started this period were 15,000. EWIP has 5,000 units, 100% complete in materials and 50% complete in conversion. Cost of BWIP was $6,000 in materials and $2,400 in conversion. Cost added during the period was $45,000 in materials and $26,600 in conversion. What is the cost accounted for in step 5 of the production report? [1 (1 Point) $71,600 $80,000 $45,000 $8,000
DM added at the start of production and CC added uniformly. BWIP: 40 units; DM $100;...
DM added at the start of production and CC added uniformly. BWIP: 40 units; DM $100; CC $182 & 30% completed as to CC During the current period, 150 units started & completed in the current period EWIP: 60 units; 40% complete as to CC. FIFO method is used. Suppose that the current cost per EU for DM $2 and cost per EU for CC $3. Compute the cost of units completed & transferred out (TO) and the cost...
Copy - BIU H A . Merge & Center - %, Font Alignment Clipboard 5 ....
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Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Direct Materials Conversion Costs Units started and completed 49,000 49,000 Add: Units in beginning work in process × Percentage complete: 6,000 × 0% direct materials — 6,000 × 50% conversion Costs 3,000 Add: Units in ending work in process × Percentage complete: 10,000 × 100% direct materials 10,000 — 10,000 × 35% conversion Costs — 3,500 Equivalent units of...
Cost Information and FIFO Gunnison Company had the following equivalent units schedule and cost information for...
Cost Information and FIFO Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Direct Materials Conversion Costs Units started and completed 49,000 49,000 Add: Units in beginning work in process × Percentage complete: 6,000 × 0% direct materials — 6,000 × 50% conversion Costs 3,000 Add: Units in ending work in process × Percentage complete: 10,000 × 100% direct materials 10,000 — 10,000 × 35% conversion Costs —...
Cost Information and FIFO Gunnison Company had the following equivalent units schedule and cost information for...
Cost Information and FIFO Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Direct Materials Conversion Costs Units started and completed 49,000 49,000 Add: Units in beginning work in process × Percentage complete: 6,000 × 0% direct materials — 6,000 × 50% conversion Costs 3,000 Add: Units in ending work in process × Percentage complete: 10,000 × 100% direct materials 10,000 — 10,000 × 35% conversion Costs —...
The Nitrogen Fixation Department of Tomco Company began the month of December with beginning work in...
The Nitrogen Fixation Department of Tomco Company began the month of December with beginning work in process of 4,000 units that are 100% complete as to materials and 30% complete as to conversion costs Units transferred out are 12,000 units Ending work in process contains 5,000 units that are 100% complete as to materials and 40% complete as to conversion costs. Instructions Compute the equivalent units of production for materials and conversion costs for the month of December 2. The...
D. of cut En Copy Format Painter Clipboard . Calibri 11 BI U - . Á...
D. of cut En Copy Format Painter Clipboard . Calibri 11 BI U - . Á A . A. E === E Be Wrap Text Merge & Center - $ - % Font Alignment Number B C D E F This Homework Problem is similar to something you will see on a quiz for this chapter. This question (as many on the quiz) assumes that DL and OH are combined into "Conversion" as was explained in the video lecture(s) this...
Saved Required information The following information applies to the questions displayed below.] Tamar Co. manufactures a...
Saved Required information The following information applies to the questions displayed below.] Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 22,950 units, and transferred 23,700 units of product to the Assembly department. Its 3,300 units of beginning work in process consisted of $93,945 of direct materials and $457,446 of conversion costs. It has...
BWIP has 2,000 units which are 100% complete in materials and 60% complete in conversion. Units started this period were 15,000. EWIP has 5,000 units, 100% complete in materials and 50% complete in conversion. Cost of BWIP was $6,000 in materials and $2,400 in conversion. Cost added during the period was $45,000 in materials and $26,600 in conversion. What was the cost of the units transferred-out this period? (hint: complete step 4 from the 5 step production report) (1 Point)...
10. BWIP has 2,000 units which are 100% complete in materials and 60% complete in conversion. Units started this period were 15,000. EWIP has 5,000 units, 100% complete in materials and 50% complete in conversion. Cost of BWIP was $6,000 in materials and $2,400 in conversion. Cost added during the period was $45,000 in materials and $26,600 in conversion. What is the cost accounted for in step 5 of the production report? [1 (1 Point) $71,600 $80,000 $45,000 $8,000
Copy - BIU H A . Merge & Center - %, Font Alignment Clipboard 5 . - Number 316 : X V for A B C D E F G This Homework Problem is similar to something you will see on a quiz for this chapter. This question (as many on the quiz) assumes that DL and OH are combined into "Conversion" as was explained in the video lecture(s) this week. Diston Company uses the weighted average method in its...
The Nitrogen Fixation Department of Tomco Company began the month of December with beginning work in process of 4,000 units that are 100% complete as to materials and 30% complete as to conversion costs Units transferred out are 12,000 units Ending work in process contains 5,000 units that are 100% complete as to materials and 40% complete as to conversion costs. Instructions Compute the equivalent units of production for materials and conversion costs for the month of December 2. The...
D. of cut En Copy Format Painter Clipboard . Calibri 11 BI U - . Á A . A. E === E Be Wrap Text Merge & Center - $ - % Font Alignment Number B C D E F This Homework Problem is similar to something you will see on a quiz for this chapter. This question (as many on the quiz) assumes that DL and OH are combined into "Conversion" as was explained in the video lecture(s) this...
Saved Required information The following information applies to the questions displayed below.] Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 22,950 units, and transferred 23,700 units of product to the Assembly department. Its 3,300 units of beginning work in process consisted of $93,945 of direct materials and $457,446 of conversion costs. It has...
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