Homework Answers
Answer) Computation of production units S.No Particulars 1 Closing Inventory 2 Add: Completed units Direct Material Conversion cost units % completion Equilant units units % completion Equilant units 7000 100% 7000 7000 74% 5180 22000 100% 22000 22000 100% 22000 29000 100% 29000 29000 27180 5000 100% 5000 5000 61% 3050 24000 24130 3 Less: Opening Inventory 4 Produced During the year Equilant units = units * % completion Production units = Completion units + closing Inventory - Opening Inventory
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Kramer Corp. began the period with 5,000 units in process that were 100% complete for materials...
Kramer Corp. began the period with 4,200 units in process that were 100% complete for materials...
Kramer Corp. began the period with 4,200 units in process that were 100% complete for materials and 68% complete for conversiull, and ended the period with 20,300 units completed and 6,000 units still in process. Work in process was 100% complete for materials and 74% complete for conversion costs. Required: Using the weighted average method, compute the equivalent units of production for materials and conversion for the period. Direct Materials Conversion Costs Equivalent Units 24,5007,296
Kramer Corp. began the period with 4,800 units in process that were 100% complete for materials...
Kramer Corp. began the period with 4,800 units in process that were 100% complete for materials and 62% complete for conversion, and ended the period with 20,300 units completed and 6,200 units still in process. Work in process was 100% complete for materials and 79% complete for conversion costs. Required: Using the weighted average method, compute the equivalent units of production for materials and conversion for the period. Direct Materials Conversion Costs Equivalent Units
Kramer Corp. began the current period with 4,100 units in process that were 100% complete as...
Kramer Corp. began the current period with 4,100 units in process that were 100% complete as to materials and 60% complete as to conversion. Costs of $7,600 in direct materials and $4,840 in conversion costs were incurred in manufacturing those units in the previous period, Kramer ended the current period with 20700 units completed and 5,140 units still in process. Work in process was 100% complete as to materials and 70% complete as to conversion costs. Kramer incurred $69,500 in...
Kramer Corp. began the current period with 4,090 units in process that were 100% complete as...
Kramer Corp. began the current period with 4,090 units in process that were 100% complete as to materials and 60% complete as to conversion. Costs of $7,670 in direct materials and $4,770 in conversion costs were incurred in manufacturing those units in the previous period. Kramer ended the current period with 21,200 units completed and 5,070 units still in process. Work in process was 100% complete as to materials and 70% complete as to conversion costs. Kramer incurred $68,100 in...
Swan Corp. began work on 4,100 units this period. Work in Process Inventory was 670 at...
Swan Corp. began work on 4,100 units this period. Work in Process Inventory was 670 at the beginning of the period (60% complete) and 1,010 at the end of the period (50% complete). Swan uses the weighted average method of process costing. Direct materials are added at the beginning of the process, and conversion costs are incurred evenly throughout the period. Required: a. Using the weighted average method, how many units were completed during the period? Units Completed b. Using...
A department began the month with 50,000 units in work in process inventory. These units were...
A department began the month with 50,000 units in work in process inventory. These units were 90% complete with respect to direct materials and 40% complete with respect to conversion. During the month the department started 286,000 units; 220,000 of these units were completed during the month. The remaining 66,000 units are in ending work in process inventory, 80% complete with respect to direct materials and 30% complete with respect to conversion. Use FIFO method of process costing to: Compute...
2. Mickey Mouse Company had zero units in its Work in Process Inventory. During the period...
2. Mickey Mouse Company had zero units in its Work in Process Inventory. During the period it completed and transferred out 25,000 units and there were 5,000 units left in work in process inventory. The ending work in process were 100 % complete in materials and 40% complete as to conversion cost. Required: i. How many units were in production during the period? ii. Compute equivalent units for Materials and Conversion Cost under the Weighted Average Method. iii. If total...
$125,000 Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost...
$125,000 Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April 87,500 $212,500 $1,000,000 456,250 $1,456,250 Units transferred out totaled 21.250. Ending work in process was 1.250 units that are 100% complete as to materials and 40% complete as to conversion costs. (a) Compute the equivalent units of production for (1) materials and (2) conversion...
For the first process: 1. Determine the eqivalent units of production with respect to direct materials...
For
the first process:
1. Determine the eqivalent units of production with respect to
direct materials and conversion.
mework Saved Required information Problem 16-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 (The following information applies to the questions displayed below.) Victory Company uses weighted average process costing to account for its production costs. Conve evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process...
1. Mickey Mouse Company had zero units in its Work in Process Inventory. During the period...
1. Mickey Mouse Company had zero units in its Work in Process Inventory. During the period it completed and transferred out 25,000 units and there were 5,000 units left in work in process inventory. The ending work in process were 100 % complete in materials and 40% complete as to conversion cost. Required: i. How many units were in production during the period? ii. Compute equivalent units for Materials and Conversion Cost under the Weighted Average Method. iii. If total...
Kramer Corp. began the period with 4,200 units in process that were 100% complete for materials and 68% complete for conversiull, and ended the period with 20,300 units completed and 6,000 units still in process. Work in process was 100% complete for materials and 74% complete for conversion costs. Required: Using the weighted average method, compute the equivalent units of production for materials and conversion for the period. Direct Materials Conversion Costs Equivalent Units 24,5007,296
Kramer Corp. began the period with 4,800 units in process that were 100% complete for materials and 62% complete for conversion, and ended the period with 20,300 units completed and 6,200 units still in process. Work in process was 100% complete for materials and 79% complete for conversion costs. Required: Using the weighted average method, compute the equivalent units of production for materials and conversion for the period. Direct Materials Conversion Costs Equivalent Units
Kramer Corp. began the current period with 4,100 units in process that were 100% complete as to materials and 60% complete as to conversion. Costs of $7,600 in direct materials and $4,840 in conversion costs were incurred in manufacturing those units in the previous period, Kramer ended the current period with 20700 units completed and 5,140 units still in process. Work in process was 100% complete as to materials and 70% complete as to conversion costs. Kramer incurred $69,500 in...
Kramer Corp. began the current period with 4,090 units in process that were 100% complete as to materials and 60% complete as to conversion. Costs of $7,670 in direct materials and $4,770 in conversion costs were incurred in manufacturing those units in the previous period. Kramer ended the current period with 21,200 units completed and 5,070 units still in process. Work in process was 100% complete as to materials and 70% complete as to conversion costs. Kramer incurred $68,100 in...
Swan Corp. began work on 4,100 units this period. Work in Process Inventory was 670 at the beginning of the period (60% complete) and 1,010 at the end of the period (50% complete). Swan uses the weighted average method of process costing. Direct materials are added at the beginning of the process, and conversion costs are incurred evenly throughout the period. Required: a. Using the weighted average method, how many units were completed during the period? Units Completed b. Using...
$125,000 Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April 87,500 $212,500 $1,000,000 456,250 $1,456,250 Units transferred out totaled 21.250. Ending work in process was 1.250 units that are 100% complete as to materials and 40% complete as to conversion costs. (a) Compute the equivalent units of production for (1) materials and (2) conversion...
For
the first process:
1. Determine the eqivalent units of production with respect to
direct materials and conversion.
mework Saved Required information Problem 16-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 (The following information applies to the questions displayed below.) Victory Company uses weighted average process costing to account for its production costs. Conve evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process...
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