When using the weighted-average method, equivalent units are the number of units completed in a period....
When using the weighted-average method, equivalent units are
|
the number of units completed in a period. |
|
the number of units completed in a period plus the number of units in process at the end of the period multiplied by the percentage of which the units have been completed. |
|
the number of units in beginning inventory plus the number of units completed in a period. |
|
the number of units produced in a period less the number of units in process at the end of the period. |
Homework Answers
In case of weighted average method,
Equivalent units= Finished goods+ (ending work in progress*percentage of completion)
So correct answer is the the number of units completed in a period plus the number of units in process at the end of the period multiplied by the percentage of which the units have been completed.
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When using the weighted-average method, equivalent units are
the number of units completed in a period....
13. The weighted average process-costing method caleulates the equivalent units by A) considering only the work...
13. The weighted average process-costing method caleulates the equivalent units by A) considering only the work done during the current period B) the units started during the current period minus the units in enam C) the units started during the current period plus the units in ending inventory D) the equivalent units completed during the current period plus the equivalent units in ending inventory 14. In the computation of the cost per equivalent unit, the weighted average method or process...
A company uses the weighted average method for inventory costing. At the beginning of a period...
A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 20,000 units in beginning work in process inventory which were 40% complete, the department completed and transferred 165,000 units. At the end of the period,22,000 units were in the ending work in process inventory and are 75% complete. Compute the number of equivalent units produced by the department.
Process Costing using the Weighted-Average Method 1. Compute the equivalent units of production using the weighted-average...
Process Costing using the Weighted-Average Method 1. Compute the equivalent units of production using the weighted-average method. 2. Compute the cost per equivalent unit using the weighted average method. 3. Assign costs to units using the weighted-average method 4. Prepare a cost reconciliation report. KOS ? x . HOME Process Costing using the Weighted-Average Method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW - 5 Sign In FILE INSERT Paste IU - 23 - A Alignment Number Cells Editing Conditional...
In a given process costing system, the equivalent units are computed using the weighted average method....
In a given process costing system, the equivalent units are computed using the weighted average method. With respect to conversion costs, the percentage of completion for the current period is necessary for the calculation of the: Beginning Work-In- Process Inventory Yes Yes Ending Work-In- Process Inventory Yes No A) B) No Yes D) No No
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VaRUI Using the weighted average method, compute the equivalent units of production if the beginning inventory consisted of 24,000 units; 59,000 units were started in production; and 68,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 45% complete with respect to conversion Equivalent Units of Materials Equivalent units of Conversion
13. The weighted average process-costing method calculates the equivalent units by A) considering only the work...
13. The weighted average process-costing method calculates the equivalent units by A) considering only the work done during the current period its started during the current period minus the units in ending inventory C) the units started during the current period plus the units in ending inventory D) the equivalent units completed during the current period plus the equivalent units in ending inventory
6) Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted...
6) Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 55,000 units were started in production, and 57,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 35% complete with respect to conversion. (7 points) Solution Beginning inventory Units started in production Units to account for Equivalent Units: Total Material Equivalent Units: Conversion Completed and...
14. In the computation of the cost per equivalent unit, the weighted average method of process...
14. In the computation of the cost per equivalent unit, the weighted average method of process costing considers all the costs A) entering work in process from the units in beginning inventory plus the costs for the work completed during the current accounting period B) that have entered work in process from the units started or transferred in during the current accounting period C) that have entered work in process during the current accounting period from the units started or...
Equivalent Units of Production: weighted average method The Converting Department of Tender Soft Tissue Company uses...
Equivalent Units of Production: weighted average method The Converting Department of Tender Soft Tissue Company uses the weighted average method and had 2,500 units in work in process that were 70% complete at the beginning of the period. During the period, 31,500 units were completed and transferred to the Packing Department. There were 1,400 units in process that were 10% complete at the end of the period. a. Determine the number of whole units to be accounted for and to...
Chapter 17 Homework Calculator Printer Equivalent Units of Productions weighted average method The Converting Department of...
Chapter 17 Homework Calculator Printer Equivalent Units of Productions weighted average method The Converting Department of Tenderson T Company use the weighted average method and had 3,000 units in work in process that were 60% complete at the beginning of the period. During the period, 47,000 units were completed and transferred to the Packing Department. There were 2,100 units in process that were 10 complete the end of the period. d. Determine the number of whole units to be accounted...
13. The weighted average process-costing method caleulates the equivalent units by A) considering only the work done during the current period B) the units started during the current period minus the units in enam C) the units started during the current period plus the units in ending inventory D) the equivalent units completed during the current period plus the equivalent units in ending inventory 14. In the computation of the cost per equivalent unit, the weighted average method or process...
Process Costing using the Weighted-Average Method 1. Compute the equivalent units of production using the weighted-average method. 2. Compute the cost per equivalent unit using the weighted average method. 3. Assign costs to units using the weighted-average method 4. Prepare a cost reconciliation report. KOS ? x . HOME Process Costing using the Weighted-Average Method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW - 5 Sign In FILE INSERT Paste IU - 23 - A Alignment Number Cells Editing Conditional...
In a given process costing system, the equivalent units are computed using the weighted average method. With respect to conversion costs, the percentage of completion for the current period is necessary for the calculation of the: Beginning Work-In- Process Inventory Yes Yes Ending Work-In- Process Inventory Yes No A) B) No Yes D) No No
VaRUI Using the weighted average method, compute the equivalent units of production if the beginning inventory consisted of 24,000 units; 59,000 units were started in production; and 68,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 45% complete with respect to conversion Equivalent Units of Materials Equivalent units of Conversion
13. The weighted average process-costing method calculates the equivalent units by A) considering only the work done during the current period its started during the current period minus the units in ending inventory C) the units started during the current period plus the units in ending inventory D) the equivalent units completed during the current period plus the equivalent units in ending inventory
6) Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 55,000 units were started in production, and 57,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 35% complete with respect to conversion. (7 points) Solution Beginning inventory Units started in production Units to account for Equivalent Units: Total Material Equivalent Units: Conversion Completed and...
14. In the computation of the cost per equivalent unit, the weighted average method of process costing considers all the costs A) entering work in process from the units in beginning inventory plus the costs for the work completed during the current accounting period B) that have entered work in process from the units started or transferred in during the current accounting period C) that have entered work in process during the current accounting period from the units started or...
Equivalent Units of Production: weighted average method The Converting Department of Tender Soft Tissue Company uses the weighted average method and had 2,500 units in work in process that were 70% complete at the beginning of the period. During the period, 31,500 units were completed and transferred to the Packing Department. There were 1,400 units in process that were 10% complete at the end of the period. a. Determine the number of whole units to be accounted for and to...
Chapter 17 Homework Calculator Printer Equivalent Units of Productions weighted average method The Converting Department of Tenderson T Company use the weighted average method and had 3,000 units in work in process that were 60% complete at the beginning of the period. During the period, 47,000 units were completed and transferred to the Packing Department. There were 2,100 units in process that were 10 complete the end of the period. d. Determine the number of whole units to be accounted...
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