he following production data were taken from the records of the Finishing Department for July: Inventory...
he following production data were taken from the records of the
Finishing Department for July:
| Inventory in process, March 1, 30% completed | 4,000 units |
| Transferred to finished goods during March | 38,500 units |
| Ending work in process during March, 40% completed | 3,500 units |
Determine the total equivalent units for direct materials, assuming
that the first-in, first-out method is used to cost inventories.
Assume that all direct materials are placed in process at the
beginning of production.
Homework Answers
Add Answer to:
he following production data were taken from the records of the
Finishing Department for July:
Inventory...
The following production data were taken from the records of the Finishing Department for June: Inventory...
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (39% completed) 4,100 units Completed units during June 64,700 units Ending inventory (63% complete) 3,500 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process, is a.64,100 units b.3,500 units c.60,600 units d.68,200...
The following production data were taken from the records of the Finishing Department for June: Inventory...
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (30% completed) 4,000 units Completed units during June 65,000 units Ending inventory (60% complete) 7,000 units What is the number of material equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process? a. 68,000 units b. 76,000 units...
The following production data were taken from the records of the Finishing Department for June: Inventory...
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (36% completed) 5,600 units Completed units during June 56,700 units Ending Inventory (60% complete) 3,100 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost inventories and materials were added at the beginning of the process, is Ca. 54,200 units b. 59,800 units...
Calculator The following production data were taken from the records of the Finishing Department for June...
Calculator The following production data were taken from the records of the Finishing Department for June Inventory in process, June 1, 30% completed 4,000 units Completed units during June 65,000 units Ending Inventory, 60% completed 65,000 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost Inventories and materials were added at the beginning of the process, is Oa. 68,000 units Ob. 76,000...
The following production data were taken from the records of the Finishing Department for June: Inventory...
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (37% completed) 5,600 units Completed units during June 61,700 units Ending inventory (57% complete) 3,700 units The number of conversion equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories, is a.56,100 units b.65,400 units c.2,109 units d.59,800 units
The following production data were taken from the records of the Finishing Department for June: Inventory...
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (30% completed) 4,000 units Completed units during June 65,000 units Ending inventory (60% complete) 7,000 units What is the number of conversion equivalent units of production of the Finishing Department ? Group of answer choices 68,000 units 70,400 units 66,200 units 4,200 units
The following production data were taken from the records of the Finishing Department for January 12,000...
The following production data were taken from the records of the Finishing Department for January 12,000 Inventory in process, January 1 (60% completed) units Completed units during January 21,000l units Ending inventory (10% complete) 5,000 units Calculate the following: (use the template below as a reference, show your work and clearly label your final answers) 1. Equivalent units for materials: 2. Equivalent units for conversion Equivalent Units UNITS Whole Units Direct Materials Conversion Units to be assigned cost: Beg. Work...
The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing be
The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Equivalent Units of ProductionDirect MaterialsConversionUnits transferred out36,500EUP36,500EUPUnits of ending work in process4,000EUP2,400EUPEquivalent units of production40,500EUP38,900EUP Costs per EUPDirect MaterialsConversionCosts of beginning work in process$35,850$4,200Costs incurred this period421,800229,200Total costs$457,650$233,400 Units in beginning work in...
Equivalent Units of Production: Average Cost Method The following information concerns production in the Finishing Department...
Equivalent Units of Production: Average Cost Method The following information concerns production in the Finishing Department for May. The Finishing Department uses the average cost method. ACCOUNT Work in Process—Finishing Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit May 1 Bal., 15,500 units, 70% completed 62,000 31 Direct materials, 76,000 units 185,440 247,440 31 Direct labor 115,000 362,440 31 Factory overhead 116,800 479,240 31 Goods transferred, 80,600 units 461,032 18,208 31 Bal., ? units, 35% completed 18,208 a....
The following partially completed process cost summary describes the July production activities of the Molding department...
The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 39,500 EUP 4,000 EUP 43,500 EUP Conversion com 39,500 EUP 2,400...
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (36% completed) 5,600 units Completed units during June 56,700 units Ending Inventory (60% complete) 3,100 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost inventories and materials were added at the beginning of the process, is Ca. 54,200 units b. 59,800 units...
Calculator The following production data were taken from the records of the Finishing Department for June Inventory in process, June 1, 30% completed 4,000 units Completed units during June 65,000 units Ending Inventory, 60% completed 65,000 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost Inventories and materials were added at the beginning of the process, is Oa. 68,000 units Ob. 76,000...
The following production data were taken from the records of the Finishing Department for January 12,000 Inventory in process, January 1 (60% completed) units Completed units during January 21,000l units Ending inventory (10% complete) 5,000 units Calculate the following: (use the template below as a reference, show your work and clearly label your final answers) 1. Equivalent units for materials: 2. Equivalent units for conversion Equivalent Units UNITS Whole Units Direct Materials Conversion Units to be assigned cost: Beg. Work...
The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 39,500 EUP 4,000 EUP 43,500 EUP Conversion com 39,500 EUP 2,400...
Most questions answered within 3 hours.
-
Random characters You decide to create a program characters.py
that fills a two-dimensional list with random...
asked 8 minutes ago -
What are the major sources of error in your determination of the
molar mass? Select all...
asked 12 minutes ago -
A. Suppose your manager indicates that for a normally
distributed data set you are analyzing, your...
asked 33 minutes ago -
During the month of August, the average temperature of a lake
next to a local college...
asked 15 minutes ago -
Which of these four researchers is most likely to have made Type
1 error
Kim who...
asked 29 minutes ago -
In a performance test, each of two cars takes 8.9 s to
accelerate from rest to...
asked 29 minutes ago -
Sapphire Aerospace operates 52 weeks per year, and its cost of
goods sold last year was...
asked 33 minutes ago -
Create ER Model
Assets are resources that are used in CMS to display content.
Each asset...
asked 28 minutes ago -
For each the following molecules draw the best possible
structure based on formal charges for each...
asked 34 minutes ago -
A proton moves in the plane of this paper toward the top of the
page. A...
asked 43 minutes ago -
different divisions differing lines of business use
different costs of capital because their cost of equity...
asked 39 minutes ago -
Give an algorithm to determine whether or not the elements
of
an array of integers are...
asked 47 minutes ago