Homework Answers
Requirement 1:
a. On March 31, the Prepping Department beginning work-in-process inventory was 40% complete for materials and 60% complete for conversion costs. This means that for the beginning inventory 60% of materials and 40% of the conversion costs were added during April.
Explanation:
In Beginning work-in-process,
i. 40% completed for materials represents 40% completed in March and remaining 60% (100%-40%) added during the April.
ii.60% completed for conversion costs represents 60% completed in March and remaining 40% (100%-60%) added during the April.
.
b. On April, The Prepping Department ending Work-in-Process Inventory was 40% complete for materials and 45% complete for conversion costs. This means that for the ending inventory 40% of the materials and 45% of the conversion costs were added during April.
Explanation:
In ending work-in-process,
i. 40% completed for materials represents entire 40% completed in April because these are the ending balance of units starting during the April. Like the same,
ii.45% completed for conversion costs represents 60% completed in April because these are the ending balance of units starting during the April.
.
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1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40%...
1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40%...
1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40% complete for materials and 60% complete for conversion costs. This means that for the beginning inventory __ % of the materials and_ _% of the conversion costs were added during April. b. On April 30, the Prepping Department ending Work-in-Process Inventory was 40% complete for materials and 45% complete for conversion costs. This means that for the ending inventory __ _% of the materials...
John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018....
John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018. (Click the icon to view the production and cost data.) Read the requirements. Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 25% complete for materials and 90% complete for conversion costs. This means that for the beginning inventory 75 % of the materials and 10 % of the conversion costs were added during April. Requirement 1b. On April 30, the...
Brian's Frozen Plazas uses FIFO process costing Selected production and cost data follow for April 2018...
Brian's Frozen Plazas uses FIFO process costing Selected production and cost data follow for April 2018 (Click the icon to view the production and cost data) Read the requirements Month Ended April 30 Equivalent Units Direct Conversion Materials Costs 10 Physical Units Requirements UNITS Units to account for: Total units to account for 1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 75% complete for materials and 55% complete for conversion costs. This means...
Jeffrey's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018...
Jeffrey's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018 Click the icon to view the production and cost data.) Read the requirements Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 30% complete for materials and 75% complete for conversion costs. This means that for the beginning inventory 70% of the materials and 25% of the conversion costs were added during April Requirement 1b. On April 30, the Prepping Department...
follow for April 2018 Brian's Frozen Puzzasses FIFO process costing Selected production and cost the con...
follow for April 2018 Brian's Frozen Puzzasses FIFO process costing Selected production and cost the con low the production and cost data) 0 Data Table Read the moments Prepping Department Requirement la On March 31, the Prepping Department beginning Work in Process Inventory was 75% complete for materials and 58% complete for conversion costs. This means that for the beginning inventory 25 of the materials and 45 of the conversion were added during April Units to account for Beginning work...
Assume the following information: Percent Complete Materials Conversion 45% 30% Milling Department Beginning work in process...
Assume the following information: Percent Complete Materials Conversion 45% 30% Milling Department Beginning work in process inventory Units started into production during March Units completed during March and transferred to the next department Ending work in process inventory Units 300 6,100 5,800 600 100% 6ex 100% 50x Using the weighted average method, what is the equivalent units of production for conversion? Multiple Choice 6,400 units 6,025 units 6100 units 6.160 units Assume the following information Units 300 6,000 Percent Complete...
On March 1, 2019, Baltimore Company's beginning work in process inventory had 6,500 units. This is...
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Roger's Frozen Pizzas uses FIFO process costing. Selected production and cost data TOHOW IUI API 2010....
Roger's Frozen Pizzas uses FIFO process costing. Selected production and cost data TOHOW IUI API 2010. (Click the icon to view the production and cost data.) Read the requirements. Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 25% complete for materials and 40% complete for conversion costs. This means that for the beginning inventory A % of the materials and % of the conversion costs were added during April i Data Table Prepping Department 45,000 75,000...
Brian's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018...
Brian's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018 (Click the icon to view the production and cost data) Read the requirements Prepping Department Units to account for Requirement la 20,000 On March 31, the Prepping Department beginning Work in Process Inventory was 75% complete for materials and 50% complete for conversion costs. This means that for the beginning inventory of the materials and of conversion costs were added during April Beginning work-in-process,...
Assume the following information: Percent Complete Milling Department Units Materials Conversion Beginning work in process inventory...
Assume the following information: Percent Complete Milling Department Units Materials Conversion Beginning work in process inventory 200 40 % 30 % Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100 % 100 % Ending work in process inventory 600 70 % 60 % Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 299,000 385,000 Total cost $ 309,000...
1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40% complete for materials and 60% complete for conversion costs. This means that for the beginning inventory __ % of the materials and_ _% of the conversion costs were added during April. b. On April 30, the Prepping Department ending Work-in-Process Inventory was 40% complete for materials and 45% complete for conversion costs. This means that for the ending inventory __ _% of the materials...
John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018. (Click the icon to view the production and cost data.) Read the requirements. Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 25% complete for materials and 90% complete for conversion costs. This means that for the beginning inventory 75 % of the materials and 10 % of the conversion costs were added during April. Requirement 1b. On April 30, the...
Brian's Frozen Plazas uses FIFO process costing Selected production and cost data follow for April 2018 (Click the icon to view the production and cost data) Read the requirements Month Ended April 30 Equivalent Units Direct Conversion Materials Costs 10 Physical Units Requirements UNITS Units to account for: Total units to account for 1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 75% complete for materials and 55% complete for conversion costs. This means...
Jeffrey's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018 Click the icon to view the production and cost data.) Read the requirements Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 30% complete for materials and 75% complete for conversion costs. This means that for the beginning inventory 70% of the materials and 25% of the conversion costs were added during April Requirement 1b. On April 30, the Prepping Department...
follow for April 2018 Brian's Frozen Puzzasses FIFO process costing Selected production and cost the con low the production and cost data) 0 Data Table Read the moments Prepping Department Requirement la On March 31, the Prepping Department beginning Work in Process Inventory was 75% complete for materials and 58% complete for conversion costs. This means that for the beginning inventory 25 of the materials and 45 of the conversion were added during April Units to account for Beginning work...
Assume the following information: Percent Complete Materials Conversion 45% 30% Milling Department Beginning work in process inventory Units started into production during March Units completed during March and transferred to the next department Ending work in process inventory Units 300 6,100 5,800 600 100% 6ex 100% 50x Using the weighted average method, what is the equivalent units of production for conversion? Multiple Choice 6,400 units 6,025 units 6100 units 6.160 units Assume the following information Units 300 6,000 Percent Complete...
Roger's Frozen Pizzas uses FIFO process costing. Selected production and cost data TOHOW IUI API 2010. (Click the icon to view the production and cost data.) Read the requirements. Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 25% complete for materials and 40% complete for conversion costs. This means that for the beginning inventory A % of the materials and % of the conversion costs were added during April i Data Table Prepping Department 45,000 75,000...
Brian's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018 (Click the icon to view the production and cost data) Read the requirements Prepping Department Units to account for Requirement la 20,000 On March 31, the Prepping Department beginning Work in Process Inventory was 75% complete for materials and 50% complete for conversion costs. This means that for the beginning inventory of the materials and of conversion costs were added during April Beginning work-in-process,...
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