Homework Answers
Answer:
1 Calculation of Equivalent unit of production
| Total | % | Material | % | Conversion | |
| Opening Stock | 18000 | 0% | 0 | 70% | 12600 |
| Purchased (167000+15000-18000) | 164000 | 100% | 164000 | 100% | 164000 |
| Clossing Stock | 15000 | 100% | 15000 | 60% | 9000 |
| Equivalent Production unit | 1,79,000 | 1,85,600 | |||
2 Cost per equialent
Total Cost of material =14600+133400
=$148000
Number of unit 179000+18000=197000
Cost per unit =$148000/197000
Material =$ 0.7513/-
Conversion
Total Cost =$7200+225500=$2.32.700/-
Total Unit = 18000+164000+9000= 191000
Cost per unit = 232700/191000
Conversion =$1.2183/-
3 Value of clossing Stock
Material =15000*.7513 =$11269.5/-
Conversion = 9000*1.2183 =$10964.7/-
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Weston Products manufactures an industrial cleaning compound that goes through three processing departments Grinding, Mixing, and...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments Grinding, Mixing, and...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process Grinding Department Completed and transferredInventory, May 121,800to the Mixing DepartmentMaterials133,400Conversion225,500Inventory, May 1?The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May,...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking....
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process-Grinding Department Completed and transferred Inventory, May 1 21,800 to the Mixing Department Materials 133,400 Conversion 225,500 Inventory, May 31 The May 1 work in process inventory consisted of 18,000 pounds with $14,600 in...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking....
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 21,800 Completed and transferred to the Mixing Department ? Materials 133,400 Conversion 225,500 Inventory, May 31 ? The May 1 work in process inventory consisted of 18,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking....
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process-Grinding Department Completed and transferred Inventory, May 1 21,800 to the Mixing Department Materials 133,400 Conversion 225,500 Inventory, May 31 ? The May 1 work in process inventory consisted of 18,000 pounds with $14,600...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mix and Cooking....
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mix and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for Grinding Department for May is given below: Work in Process-Grinding Department Completed and transferred Inventory, May 1 21,800 to the Mixing Department Materials 133,400 Conversion 225,500 Inventory, May 31 The May 1 work in process inventory consisted of 18,000 pounds with $14,600 in materials...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking....
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process-Grinding Department Inventory, May 1 121,830 | Completed and transferred to the Mixing Department Materials 505,550 Conversion 76,800 Inventory, May 31 The May 1 work in process inventory consisted of 93,000 pounds with $114,390...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments ---Grinding, Mixing, and...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments ---Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 Work in Process-Grinding Department 296,010 Completed and transferred to the Mixing Department 545,190 354,120 ? Materials Conversion Inventory, May 31 es The May 1 work in process inventory consisted of 117,000 pounds...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking....
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 171,360 Completed and transferred to the Mixing Department ? Materials 405,020 Conversion 175,260 Inventory, May 31 ? The May 1 work in process inventory consisted of 102,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding. Mixing. and Cooking....
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding. Mixing. and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 Materials Conversion Inventory, May 31 Work in Process-Grinding Department 7 7,760 Completed and transferred to the Mixing Department 423,340 215,668 P The May 1 work in process inventory consisted of 54.000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking....
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 Work in Process-Grinding Department 188,670 Completed and transferred to the Mixing Department 625,400 353, 320 ? Materials Conversion Inventory, May 31 The May 1 work in process inventory consisted of 57,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process-Grinding Department Completed and transferred Inventory, May 1 21,800 to the Mixing Department Materials 133,400 Conversion 225,500 Inventory, May 31 The May 1 work in process inventory consisted of 18,000 pounds with $14,600 in...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process-Grinding Department Completed and transferred Inventory, May 1 21,800 to the Mixing Department Materials 133,400 Conversion 225,500 Inventory, May 31 ? The May 1 work in process inventory consisted of 18,000 pounds with $14,600...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mix and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for Grinding Department for May is given below: Work in Process-Grinding Department Completed and transferred Inventory, May 1 21,800 to the Mixing Department Materials 133,400 Conversion 225,500 Inventory, May 31 The May 1 work in process inventory consisted of 18,000 pounds with $14,600 in materials...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process-Grinding Department Inventory, May 1 121,830 | Completed and transferred to the Mixing Department Materials 505,550 Conversion 76,800 Inventory, May 31 The May 1 work in process inventory consisted of 93,000 pounds with $114,390...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments ---Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 Work in Process-Grinding Department 296,010 Completed and transferred to the Mixing Department 545,190 354,120 ? Materials Conversion Inventory, May 31 es The May 1 work in process inventory consisted of 117,000 pounds...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding. Mixing. and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 Materials Conversion Inventory, May 31 Work in Process-Grinding Department 7 7,760 Completed and transferred to the Mixing Department 423,340 215,668 P The May 1 work in process inventory consisted of 54.000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 Work in Process-Grinding Department 188,670 Completed and transferred to the Mixing Department 625,400 353, 320 ? Materials Conversion Inventory, May 31 The May 1 work in process inventory consisted of 57,000 pounds with...
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