Homework Answers
| Direct Materials | Conversion costs | ||
| Units completed in May | 212000 | 212000 | |
| Work in Process, May 31 | 81000 | 16200 | =81000*20% |
| Equivalent units | 293000 | 228200 | |
| Option B 293,000 materials; 228,200 conversion is correct | |||
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MC Qu. 116 Pitt Enterprises manufactures jeans... Pitt Enterprises manufactures jeans. All materials are introduced at...
Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in...
Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting Department. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows. Work in Process, May 1 (51,500 units, 100% complete for direct materials, 40% complete with respect to conversion costs; includes $73,500 of direct material cost;...
Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in...
Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting Department. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows. Work in Process, May 1 (50,000 units, 100% complete for direct materials, 40% complete with respect to conversion costs; includes $70,500 of direct material cost;...
18. Sparky Corporation uses the weighted-average method of process costing. The following information is available for...
18. Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 31,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 122,000. Units completed and transferred out: 153,000. Ending Inventory: 33,000 units, 100% complete as to materials and 30% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $49,000. Costs in beginning Work in Process...
Q. Top That manufactures baseball-style hats. Material is introduced at the beginning of the process in...
Q. Top That manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2009 follow: Work-in-process, January 31-50,000 units 100% complete for direct materials; 40% completed for conversion costs actual costs of direct materials, s70,500; actual costs of...
Clarke Manufacturing produces denim jeans in two departments, cutting and finishing. In the cutting department, the...
Clarke Manufacturing produces denim jeans in two departments, cutting and finishing. In the cutting department, the materials are added at the beginning of the process and conversion costs are added uniformly during the process. In the finishing department, materials are added once the jeans have passed through the mid-way point of the process and conversion costs are added uniformly throughout the process. The following are costs relating to the finishing department for the month of May: Work-in-Process, May 1, 20XX...
Haskins Textile Co. manufactures a variety of fabrics. All materials are introduced at the beginning of...
Haskins Textile Co. manufactures a variety of fabrics. All materials are introduced at the beginning of production; conversion cost is incurred evenly through manufacturing. The Weaving Department had 3,000 units of work in process on April 1 that were 40% complete as to conversion costs. During April, 8,000 units were completed and on April 30, 2,500 units remained in production, 20% complete with respect to conversion costs. . The equivalent units of direct materials for April total: 12,300. 13,500. 11,700. ...
i) Nihon Pty Ltd manufactures Digital cameras. All direct materials are introduced at the start of...
i) Nihon Pty Ltd manufactures Digital cameras. All direct materials are introduced at the start of the production process, and conversion costs are incurred evenly throughout the production process. The business has the following information available for the month of June: Work in process, 1 June - 500 units: Direct material: 100% complete Conversion cost: 75% complete $50,000 $198.000 $248,000 9,500 9,000 Units started during June Units completed during June Cost incurred during June: Direct material Conversion cost $700 000...
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Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 28,200 units of product to finished goods inventory. Its 4,200 units of beginning work in process consisted of $73,980 of direct materials and $1,308,684 of conversion costs. It has 3,000 units (100% complete with respect to direct materials and 80% complete with respect to...
Austin Company manufactures a product called Aster in a three-process series. All materials are introduced at...
Austin Company manufactures a product called Aster in a three-process series. All materials are introduced at the beginning of the first process. Austin uses the first- first-out method of inventory costing. Unit and cost data for the first process (Department A) for the month of December follow: Units Completion Cost 60% 12,000 5,000 14,000 $140,400 7 Work in process inventory: December 1 December 31 Started in December Direct materials cost Conversion cost Completed in December 40% 106,400 70,310 ? 21,000...
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Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals. The balance in the account Work in Process—Filling was as follows on January 1: Work in Process—Filling Department (2,200 units, 60% completed): Direct materials (2,200 x $12) $26,400 Conversion (2,200 x 60% x $7.8) 10,296 $36,696 The following costs were charged to Work...
Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting Department. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows. Work in Process, May 1 (51,500 units, 100% complete for direct materials, 40% complete with respect to conversion costs; includes $73,500 of direct material cost;...
Q. Top That manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2009 follow: Work-in-process, January 31-50,000 units 100% complete for direct materials; 40% completed for conversion costs actual costs of direct materials, s70,500; actual costs of...
i) Nihon Pty Ltd manufactures Digital cameras. All direct materials are introduced at the start of the production process, and conversion costs are incurred evenly throughout the production process. The business has the following information available for the month of June: Work in process, 1 June - 500 units: Direct material: 100% complete Conversion cost: 75% complete $50,000 $198.000 $248,000 9,500 9,000 Units started during June Units completed during June Cost incurred during June: Direct material Conversion cost $700 000...
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