Homework Answers
Correct answer-----------(D) Cannot determine.
.
The percentage of completion is of Conversion cost do not decide the % completion of material. If material are added in beginning then material will be 100% complete whereas if material are added at end of process then material will be 0% complete. Material maybe added along with the process that goes on or maybe at a particular completion percent. So this cannot be determined with the available information.
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If conversion costs are added evenly throughout the production process, and the units have made it...
If all direct materials are added at the end of the production process, and the units...
If all direct materials are added at the end of the production process, and the units have made it 50% of the way through the production process, then the percentage completion for direct materials is 0% 100% 50% none of the above.
Waterway Manufacturing is trying to determine the equivalent units for conversion costs with 2700 units of...
Waterway Manufacturing is trying to determine the equivalent
units for conversion costs with 2700 units of ending Work in
Process at 70% completion and 15500 physical units that are 100%
complete as to materials. There are no beginning units in the
department. Materials are added at the beginning of the process,
and conversion costs occur evenly throughout the entire production
period. What are the equivalent units for conversion costs for the
current period if the weighted-average method is used?
18200...
Victory Company uses weighted average process costing to account for its production costs. Conversion cost is...
Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 705,000 units of product to finished goods. At the end of November, the work in process inventory consists of 204,000 units that are 50% complete with respect to conversion. Beginning inventory had $354,510 of direct materials and $201,750 of conversion cost. The direct material...
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added even...
Victory Company uses weighted-average process costing to account
for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the first process. During November, the first process
transferred 705,000 units of product to the second process.
Additional information for the first process follows. At the end of
November, work in process inventory consists of 184,000 units that
are 50% complete with respect to conversion. Beginning work in
process inventory had $288,925...
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added...
Victory Company uses weighted-average process costing to
account for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the process. During November, the company transferred 700,000
units of product to finished goods. At the end of November, the
work in process inventory consists of 180,000 units that are 30%
complete with respect to conversion. Beginning inventory had
$420,000 of direct materials and $139,000 of conversion cost. The
direct material cost...
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added...
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process transferred 750,000 units of product to the second process. Additional information for the first process follows. At the end of November, work in process inventory consists of 199,000 units that are 70% complete with respect to conversion. Beginning work in process inventory had $246,740...
Victory Company uses weighted average process costing to account for its production costs. Conversion cost is...
Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 705,000 units of product to finished goods. At the end of November, the work in process inventory consists of 204,000 units that are 50% complete with respect to conversion. Beginning inventory had $354,510 of direct materials and $201,750 of conversion cost. The direct material...
Victory Company uses weighted average process costing to account for its production costs. Conversion cost is...
Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 705,000 units of product to finished goods. At the end of November, the work in process inventory consists of 204,000 units that are 50% complete with respect to conversion. Beginning inventory had $354,510 of direct materials and version cost. The direct material cost added...
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...
Victory Company uses weighted-average process costing to account for its production costs. Direct labor is added evenly...
Victory Company uses weighted-average process costing to account for its production costs. Direct labor is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 700,000 units of product to finished goods. At the end of November, the goods in process inventory consists of 180,000 units that are 30% complete with respect to labor. Beginning inventory dat $420,000 of direct materials and $139,000 of direct labor cost. The direct material...
If all direct materials are added at the end of the production process, and the units have made it 50% of the way through the production process, then the percentage completion for direct materials is 0% 100% 50% none of the above.
Waterway Manufacturing is trying to determine the equivalent
units for conversion costs with 2700 units of ending Work in
Process at 70% completion and 15500 physical units that are 100%
complete as to materials. There are no beginning units in the
department. Materials are added at the beginning of the process,
and conversion costs occur evenly throughout the entire production
period. What are the equivalent units for conversion costs for the
current period if the weighted-average method is used?
18200...
Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 705,000 units of product to finished goods. At the end of November, the work in process inventory consists of 204,000 units that are 50% complete with respect to conversion. Beginning inventory had $354,510 of direct materials and $201,750 of conversion cost. The direct material...
Victory Company uses weighted-average process costing to account
for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the first process. During November, the first process
transferred 705,000 units of product to the second process.
Additional information for the first process follows. At the end of
November, work in process inventory consists of 184,000 units that
are 50% complete with respect to conversion. Beginning work in
process inventory had $288,925...
Victory Company uses weighted-average process costing to
account for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the process. During November, the company transferred 700,000
units of product to finished goods. At the end of November, the
work in process inventory consists of 180,000 units that are 30%
complete with respect to conversion. Beginning inventory had
$420,000 of direct materials and $139,000 of conversion cost. The
direct material cost...
Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 705,000 units of product to finished goods. At the end of November, the work in process inventory consists of 204,000 units that are 50% complete with respect to conversion. Beginning inventory had $354,510 of direct materials and $201,750 of conversion cost. The direct material...
Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 705,000 units of product to finished goods. At the end of November, the work in process inventory consists of 204,000 units that are 50% complete with respect to conversion. Beginning inventory had $354,510 of direct materials and version cost. The direct material cost added...
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...
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