Homework Answers
Cost per equivalent unit
| Transferred in | Direct materials | Conversion Costs | Total cost | |
| Beginning WIP | 7900 | 3050 | 2275 | 13225 |
| Cost added | 18500 | 3150 | 14000 | 35650 |
| Total costs to account for | 26400 | 6200 | 16275 | 48875 |
| Equivalent unit | 3300 | 3100 | 1860 | |
| Cost per equivalent unit | 8 | 2 | 8.75 | |
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Equivalent Units of Production: Transferred In 3,300 Direct Materials 3,100 Conversion Costs 1,860 Costs: Total Added...
1. calculate the cost per equivalent unit for direct materials and conversion costs using the fifo...
1. calculate the cost per equivalent unit for direct materials
and conversion costs using the fifo way.
Sunny's produces sunglasses in a single department production. Direct materials are added at the start of the process. Conversion costs are added evenly during the process. Conversion costs are 70% complete for beginning WIP and 50% for ending WIP. The company uses FIFO method of process costing. The following information for April 2019 is available. Physical Equivalent Units Direct Conversion Materials Costs 20,000...
The Finishing Department reports the following data for the month: (Click the icon to review the...
The Finishing Department reports the following data for the month: (Click the icon to review the data.) Calculate the cost per equivalent units of production for each input. The company uses the weighted average method. (Round all cost per unit amounts to the nearest cent.) ( Data Table Transferred In Direct Materials Conversion Costs Total Costs COSTS Costs to account for: Equivalent Units of Production: Transferred In Direct Materials Conversion Costs 3,300 3,100 2.480 Total costs to account for Costs:...
12,780 44,290 48,150 WIP beginning (30% for conversion) Units started Units completed and transferred out WIP...
12,780 44,290 48,150 WIP beginning (30% for conversion) Units started Units completed and transferred out WIP ending (40% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Cost of materials added Cost of conversion added 23,940 8,820 $ 192,926 $ 172,193 What are the total physical units to account for? How many units are in ending WIP?[ What are the equivalent units of production for materials? What are the equivalent units of production in ending WIP for conversion? What...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 28,200 units 123,500 units 106,700 units 45,000 units $35,000 $22,500 $384,100 $271,125 What are the total equivalent units for direct materials? OA. 134,900 OB. 133,700...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP con Costs of materials added Costs of conversion added 26,200 units 129,500 units 109,700 units 46,000 units $35,000 $22,500 $384,100 $271,125 What are the total equivalent units for conversion costs? O A. 137,300 OB. 155700...
I need four parts to this problem. Direct Total Cost Cost Transferred In Conversion Costs Materials...
I need four parts to this
problem.
Direct Total Cost Cost Transferred In Conversion Costs Materials Costs per Unit COSTS Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for Costs accounted for: Total costs for beginning WIP Transferred to Plying Total costs accounted for Requirement 2. Joumalize all transactions affecting Carla's Dyeing Department during November, including the entries that have already been posted. Begin with a summary journal entry to record the assignment...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied (60% complete at the end of the month). WIP beginning 0 units, $0 Units started 122,500 units Units completed 116,700 units Costs of materials added $382,720 Costs of conversion added $275,790 a. Calculate equivalent units for direct materials and conversion costs. b. Calculate the cost per unit of direct materials and cost per unit of conversion costs. c. What is the...
Freddie Company adds direct materials at the beginning of the process and adds conversion costs throughout the...
Freddie Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Department follows WIP, April 1 14,000 units Transferred - in costs in WIP, April 1 $79.940 Direct materials (100%) in WIP. April 1 $24.420 Conversion costs (75%) in WIP, April 1 $23.400 Units transferred - in 47.000 Transferred - in costs during April $550.900 Units completed 45,000 Aprill direct materials cost $155,500 April conversion costs $239,250 WIP, April...
At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs...
At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (70% for conversion) Units started Units completed and transferred out WIP ending (50% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 152,000 units 119,000 units 56,200 units $44,500 $25,200 $442,100 $260,000 What is the cost per equivalent unit for direct materials? O A. $3.31...
the cor 0 Data Table curred - Εαι equival Physical Units Transferred-In Direct Conversion (tons) Costs...
the cor 0 Data Table curred - Εαι equival Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs 95 $ 95,000 $ 0 $ 28,500 100% 0% 40% nent 3 Ind your to the Work in process, beginning inventory (June 1) Degree of completion, beginning work in process Transferred-in during June Completed and transferred out during June Work in process, ending inventory (June 30) Degree of completion, ending work in process Total costs added during June ont of 100% ed...
1. calculate the cost per equivalent unit for direct materials
and conversion costs using the fifo way.
Sunny's produces sunglasses in a single department production. Direct materials are added at the start of the process. Conversion costs are added evenly during the process. Conversion costs are 70% complete for beginning WIP and 50% for ending WIP. The company uses FIFO method of process costing. The following information for April 2019 is available. Physical Equivalent Units Direct Conversion Materials Costs 20,000...
The Finishing Department reports the following data for the month: (Click the icon to review the data.) Calculate the cost per equivalent units of production for each input. The company uses the weighted average method. (Round all cost per unit amounts to the nearest cent.) ( Data Table Transferred In Direct Materials Conversion Costs Total Costs COSTS Costs to account for: Equivalent Units of Production: Transferred In Direct Materials Conversion Costs 3,300 3,100 2.480 Total costs to account for Costs:...
12,780 44,290 48,150 WIP beginning (30% for conversion) Units started Units completed and transferred out WIP ending (40% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Cost of materials added Cost of conversion added 23,940 8,820 $ 192,926 $ 172,193 What are the total physical units to account for? How many units are in ending WIP?[ What are the equivalent units of production for materials? What are the equivalent units of production in ending WIP for conversion? What...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 28,200 units 123,500 units 106,700 units 45,000 units $35,000 $22,500 $384,100 $271,125 What are the total equivalent units for direct materials? OA. 134,900 OB. 133,700...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP con Costs of materials added Costs of conversion added 26,200 units 129,500 units 109,700 units 46,000 units $35,000 $22,500 $384,100 $271,125 What are the total equivalent units for conversion costs? O A. 137,300 OB. 155700...
I need four parts to this
problem.
Direct Total Cost Cost Transferred In Conversion Costs Materials Costs per Unit COSTS Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for Costs accounted for: Total costs for beginning WIP Transferred to Plying Total costs accounted for Requirement 2. Joumalize all transactions affecting Carla's Dyeing Department during November, including the entries that have already been posted. Begin with a summary journal entry to record the assignment...
Freddie Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Department follows WIP, April 1 14,000 units Transferred - in costs in WIP, April 1 $79.940 Direct materials (100%) in WIP. April 1 $24.420 Conversion costs (75%) in WIP, April 1 $23.400 Units transferred - in 47.000 Transferred - in costs during April $550.900 Units completed 45,000 Aprill direct materials cost $155,500 April conversion costs $239,250 WIP, April...
At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (70% for conversion) Units started Units completed and transferred out WIP ending (50% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 152,000 units 119,000 units 56,200 units $44,500 $25,200 $442,100 $260,000 What is the cost per equivalent unit for direct materials? O A. $3.31...
the cor 0 Data Table curred - Εαι equival Physical Units Transferred-In Direct Conversion (tons) Costs Materials Costs 95 $ 95,000 $ 0 $ 28,500 100% 0% 40% nent 3 Ind your to the Work in process, beginning inventory (June 1) Degree of completion, beginning work in process Transferred-in during June Completed and transferred out during June Work in process, ending inventory (June 30) Degree of completion, ending work in process Total costs added during June ont of 100% ed...
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