Homework Answers
| Cost per unit | |||
| Materials | 2.74 | ||
| Conversion | 1.80 | ||
| Inventory Transferred out | 86260 | ||
| Ending WIP inventory | 11460 | ||
| Workings: | |||
| Materials | Conversion | ||
| Units completed and transferred out | 19000 | 19000 | |
| Work in process, ending: | |||
| 3000 X 100% | 3000 | ||
| 3000 X 60% | 1800 | ||
| Equivalent units of production | 22000 | 20800 | |
| Materials | Conversion | ||
| Total costs | 60280 | 37440 | |
| Divide by Equivalent units of production | 22000 | 20800 | |
| Cost per Equivalent unit | 2.74 | 1.80 | |
| Materials | Conversion | Total | |
| Units completed and transferred out | 19000 | 19000 | |
| X Cost per Equivalent unit | 2.74 | 1.80 | |
| Inventory Transferred out | 52060 | 34200 | 86260 |
| Materials | Conversion | Total | |
| Work in process, ending units | 3000 | 1800 | |
| X Cost per Equivalent unit | 2.74 | 1.80 | |
| Ending WIP inventory | 8220 | 3240 | 11460 |
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Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired individuals. Manufacturing is a one-step process...
Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired individuals. Manufacturing is a one-step process...
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Kipling Manufacturing, Inc., operates a plant that produces its own regionally-marketed Super Salad Dressing. The dressing...
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Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired individuals. Manufacturing is a one-step process where the bands are cut and sewn. This is the information related to this year's production: Units to Account For Units Materials Conversion Beginning work in process inventory 500 500 250 Started 20,500 Total units to accounted for 21,000 Ending inventory was 100% complete as to materials and 60% complete as to conversion, and the total materials cost is $57,750 and the total conversion...
Kipling Manufacturing, Inc., operates a plant that produces its own
regionally-marketed Super Salad Dressing. The dressing is produced
in two processes, blending and bottling. In the Blending
Department, all materials are added at the beginning of the
process, and labor and overhead are incurred evenly throughout the
process. Kipling uses the FIFO method. The Work in Process—Blending
Department account for January 2016 follows:
Question 4 Not yet answered Marked out of 1,00 P Flag question Calculate Equivalent Units, Unit Costs,...
Canler Inc. uses the weighted-average method in its process
costing system. The following data concern the operations of the
company's first processing department for a recent month.
Required:
Using the weighted-average method, determine the equivalent units
of production for materials and conversion costs.
Assume a materials cost of
$4.50/equivalent unit and conversion cost of $10/equivalent unit.
Calculate the total value in ending WIP and inventory transferred
out.
g. Work in process, beginning: Units in process ........ Percent complete with respect...
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