Homework Answers
| Assignment of total costs | Direct Materials | Conversion costs | Total |
| Equivalent units completed and transferred out | 1,400,000 | 1,400,000 | |
| Multiplied by :cost per equivalent unit | 1.15 | 0.4 | |
| Costs assigned to units completed and transferred out | 1,610,000 | 560,000 | 2,170,000 |
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ussions Woodson Dairy produces an organic butter that is...
Woodson Daly produces an organic butter that is sold by the pound. The production of the...
Woodson Daly produces an organic butter that is sold by the pound. The production of the butter begins in the Chuning Deparment, Woodson Dary's Duta for the Churring Department for January blows: Click the icon to view the data from January) Woodson Dairy prepared the following production cost report for January for the Chuming Department Click the icon to view the January production cost report) Read the singer Requirement 1. What journal entry's) would have beey made during the month...
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The HoneyButter Company makes flavored butter in 1 pound containers. At the beginning of March, the...
The HoneyButter Company makes flavored butter in 1 pound containers. At the beginning of March, the firm's Mixing Department already had 10,000 pounds of butter in production. During the month, the firm started 100,000 pounds, and completed 95,000 pounds and transferred them to the Packaging Department. All direct materials are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The Weighted Average method of process costing is used by HoneyButter. Beginning...
Nonuniform Inputs, Transferred-In Cost Drysdale Dairy produces a variety of dairy products. In Department 12, cream...
Nonuniform Inputs, Transferred-In Cost Drysdale Dairy produces a variety of dairy products. In Department 12, cream (transferred in from Department 6) and other materials (sugar and flavorings) are mixed at the beginning of the process and churned to make ice cream. The following data are for Department 12 for August: Production: Units in process, August 1, 30% complete 30.000 Units completed and transferred out 140,000 Units in process, August 31, 60% complete 20,000 "With respect to conversion costs. 1. Prepare...
1. HoneyButter Company The HoneyButter Company makes flavored butter in 1 pound containers. At the beginning...
1. HoneyButter Company The HoneyButter Company makes flavored butter in 1 pound containers. At the beginning of March, the firm's Mixing Department already had 10.000 pounds of butter in production. During the month, the firm started 100,000 pounds, and completed 95,000 pounds and transferred them to the Packaging Department. All direct materials are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The Weighted Average method of process costing is used...
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Problem 6-46 FIFO Method; Two Departments [LO 6-2, 6-5, 6-6] Bhatti Company produces plastic photo frames....
Problem 6-46 FIFO Method; Two Departments [LO 6-2, 6-5, 6-6] Bhatti Company produces plastic photo frames. Two departments, molding and finishing, are involved in the manufacturing. The E molding department fills the molds with hot liquid plastic that is left to cool and then opens them. The finishing department removes the plastic frame from the mold and strips the edges of the frames of extra plastic. The following information is available for the month of January: Work-in-Process Inventory Molding department...
Calculate the cost per equivalent unit of material and conversion cost for January - using the...
Calculate the cost per equivalent unit of material and conversion cost for January - using the Weighted Average Approach Units Materials Conversion Work in process January 1 2,500 50% 35% Work in process January 31 45% 25% Materials cost in work in process January 1 $25,000 Conversion costs in work in process January 1 $10,000 Units started in production 12,000 Units transferred to the next department 8,000 Materials cost added during January $20,000 Conversion costs added during January $7,500 Complete...
ACC 212 Challenge 3 Process Cost Accounting Foducts, Inc, makes sheets of owned in a three-step...
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Woodson Daly produces an organic butter that is sold by the pound. The production of the butter begins in the Chuning Deparment, Woodson Dary's Duta for the Churring Department for January blows: Click the icon to view the data from January) Woodson Dairy prepared the following production cost report for January for the Chuming Department Click the icon to view the January production cost report) Read the singer Requirement 1. What journal entry's) would have beey made during the month...
Nonuniform Inputs, Transferred-In Cost Drysdale Dairy produces a variety of dairy products. In Department 12, cream (transferred in from Department 6) and other materials (sugar and flavorings) are mixed at the beginning of the process and churned to make ice cream. The following data are for Department 12 for August: Production: Units in process, August 1, 25% complete* 40,000 120,000 Units completed and transferred out Units in process, August 31, 60% complete* 30,000 * With respect to conversion costs. Part...
Nonuniform Inputs, Transferred-In Cost Drysdale Dairy produces a variety of dairy products. In Department 12, cream (transferred in from Department 6) and other materials (sugar and flavorings) are mixed at the beginning of the process and churned to make ice cream. The following data are for Department 12 for August: Production: Units in process, August 1, 30% complete 30.000 Units completed and transferred out 140,000 Units in process, August 31, 60% complete 20,000 "With respect to conversion costs. 1. Prepare...
1. HoneyButter Company The HoneyButter Company makes flavored butter in 1 pound containers. At the beginning of March, the firm's Mixing Department already had 10.000 pounds of butter in production. During the month, the firm started 100,000 pounds, and completed 95,000 pounds and transferred them to the Packaging Department. All direct materials are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The Weighted Average method of process costing is used...
Calculator Drysdale Dairy produces a variety of dairy products. In Department 12, cream (transferred in from Department 6) and other materials (sugar and flavorings) are mixed at the beginning of the process and churned to make ice cream. The following data are for Department 12 for August: Production: Units in process, August 1, 25% complete* 40,000 Units completed and transferred out 130,000 30,000 Units in process, August 31, 70% complete* *With respect to conversion costs. 1. Prepare a physical flow...
Problem 6-46 FIFO Method; Two Departments [LO 6-2, 6-5, 6-6] Bhatti Company produces plastic photo frames. Two departments, molding and finishing, are involved in the manufacturing. The E molding department fills the molds with hot liquid plastic that is left to cool and then opens them. The finishing department removes the plastic frame from the mold and strips the edges of the frames of extra plastic. The following information is available for the month of January: Work-in-Process Inventory Molding department...
ACC 212 Challenge 3 Process Cost Accounting Foducts, Inc, makes sheets of owned in a three-step process that involves the following departments Oregon Wood Product s heets of plywood in a threes Forming. 2) Siring, and 3) Finishing In all three departments materials costs are adde added evenly throughout the process. departments materials costs are added at the beginning of the process and conversion costs are The following information applies to the Farmine Department at the beginning of May- Womer...
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