2.
Units transferred out to finished goods = 34,000 + 394,000 - 12,000 = 416,000
3.
units transferred out = 416,000 / 100 = 4,160
Basic Flows, Equivalent Units Thayn Company produces an arthritis medication that passes through two departments: mixing...
Basic Flows, Equivalent Units Thayn Company produces an arthritis medication that passes through two departments: mixing and tableting. Thayn uses the weighted average method. Data for February for mixing are as follows: BWIP was zero; EWIP had 36,000 units, 50% complete; and 430,000 units were started. Tableting's data for February are as follows: BWIP was 34,000 units, 20% complete; and 12,000 units were in EWIP, 40% complete Required: 1. For Mixing, calculate the (a) number of units transferred to Tableting,...
FIFO Method, Equivalent Units, Unit Cost, Multiple Departments Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was $40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments. The second department (Polishing) had the following physical flow schedule for December: Units to account for: Units,...
please answer the followinf question.
Process Costing (Cornerstone Pages): The mixing department of Seville Company uses two processes, Blending and Cooking. The following information pertains to the Blending Department for February. Units in Beginning Work in Process (40% complete) Units Completed and Transferred Out Units in Ending Work in Process (60% complete) 100,000 370,000 50,000 Production Costs are as follows: Cost for Beginning WIP: Materials Conversion Total: $20,000 $40,000 $60,000 Current Costs: Materials Conversion Total: $200,000 $350,000 $550,000 * Note:...
FIFO Method, Equivalent Units, Unit Cost, Multiple Departments Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was $40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments. The second department (Polishing) had the following physical flow schedule for December: Units to account for: Units,...
Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, all materials are added at the beginning of the process. Output is measured in ounces. The production data for July are as follows: Production: Units in process, July 1, 60% complete* Units completed and transferred out Units in process, July 31, 80% complete* * With respect to conversion costs. 10,000 80,000 15,000 Required: 1. Prepare a physical flow schedule for July. Jackson Products...
Unit Information with BWIP, Weighted Average Method Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, all materials are added at the beginning of the process. Output is measured in ounces. The production data for July are as follows: Production: Units in process, July 1, 70% complete* 10,800 Units completed and transferred out 88,000 Units in process, July 31, 80% complete* 15,900 * With respect to conversion costs. Required: 1. Prepare a...
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.): Production: Units in process, April 1, 60% complete 21,500 49,000 Units completed and transferred out Units in process, April 30, 20% complete 10,500 Costs: WIP, April 1 $ 95,600 Costs added during April 287,650 Ranuired. Weighted Average...
Unit Information with BWIP, FIFO Method Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, all materials are added at the beginning of the process. Output is measured in ounces. The production data for July are as follows: Production: Units in process, July 1, 70% complete* 10,700 Units completed and transferred out 82,000 Units in process, July 31, 80% complete* 15,100 * With respect to conversion costs. Prepare an equivalent units schedule...
QUESTION 1 Equivalent Units, No Beginning Work in Process Frankle Manufacturing produces cylinders used in internal combustion engines. During June, Frankle’s welding department had the following data: Units in BWIP — Units completed 47,000 Units in EWIP (40% complete) 5,600 Required: Calculate June's output for the welding department in equivalent units of production. units QUESTION 2 Unit Cost, Valuing Goods Transferred Out and EWIP During April, the grinding department of Tranx Inc. completed and transferred out 312,000 units. At the...
Yarmouth Company produces a liquid solvent in two departments:
Mixing and Finishing. Accounting records at Yarmouth show the
following information for Finishing operations for February (no new
material is added in the Finishing Department):
WIP inventory—Finishing
Beginning inventory (10,700 units, 20% complete with respect to
Finishing costs)
Transferred-in costs (from Mixing)
$
123,670
Finishing conversion costs
8,003
Current work (99,400 units started)
Mixing costs
944,300
Finishing costs
472,867
The ending inventory has 14,700 units, which are 50 percent
complete with...