Homework Answers
Scenario 1:
Evans Company
Production Cost report-Assembly Department (partial)
Month ended August 31
| Equivalent unit | |||
| Physical Units | Direct material | Conversion | |
| UNITS | |||
| Units accounted for | |||
| Completed and transferred out | 1600 | 1600 | 1600 |
| Ending work in process | 600 | 600 | 600*10% = 60 |
| Total units accounted for | 2200 | 2200 | 1660 |
Scenario 2:
Evans Company
Production Cost report-Assembly Department (partial)
Month ended August 31
| Equivalent unit | |||
| Physical Units | Direct material | Conversion | |
| UNITS | |||
| Units accounted for | |||
| Completed and transferred out | 1600 | 1600 | 1600 |
| Ending work in process | 600 | 600 | 600*90% = 540 |
| Total units accounted for | 2200 | 2200 | 2140 |
Scenario 3
Evans Company
Production Cost report-Assembly Department (partial)
Month ended August 31
| Equivalent unit | |||
| Physical Units | Direct material | Conversion | |
| UNITS | |||
| Units accounted for | |||
| Completed and transferred out | 1600 | 1600 | 1600 |
| Ending work in process | 600 | 0 | 600*10% = 60 |
| Total units accounted for | 2200 | 1600 | 1660 |
Scenario 4:
Evans Company
Production Cost report-Assembly Department (partial)
Month ended August 31
| Equivalent unit | |||
| Physical Units | Direct material | Conversion | |
| UNITS | |||
| Units accounted for | |||
| Completed and transferred out | 1600 | 1600 | 1600 |
| Ending work in process | 600 | 600 | 600*90% = 540 |
| Total units accounted for | 2200 | 2200 | 2140 |
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me company uses the weighted average method. mplete; materials are added at the beginning of the...
E18-20 (similar to) Question Help Williams Company has the following data for the Assembly Department for...
E18-20 (similar to) Question Help Williams Company has the following data for the Assembly Department for August: (Click the icon to view the data.) Conversion costs are added evenly throughout the process. The company uses the weighted average method. Read the requirement. Scenario 1. Units in process at the end of August are 40% complete; materials are added at the beginning of the process. i Requirements Williams Company Production Cost Report - Assembly Department (Partial) Month Ended August 31 Equivalent...
Evans Company has the following data for the Assembly Department for August m cck the icon...
Evans Company has the following data for the Assembly Department for August m cck the icon love the data) Conversion costs are added evenly throughout the process. The company uses the weighted average method Read the requirement Data Table Scenario 1. Units in process at the end of August are 10% complete materials are added at the beginning of the process Evans Company Production Cost Report Assembly Department (Partian Month Ended August 31 Equivalent Units Physical Direct Conversion UNITS Units...
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added...
Victory Company uses weighted-average process costing to
account for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the process. During November, the company transferred 700,000
units of product to finished goods. At the end of November, the
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Weighted Average Method, Journal Entries Muskoge Company uses a process-costing system. The company manufactures a product...
Weighted Average Method, Journal Entries Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity...
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A department uses the weighted average method of process costing. All direct materials are added at...
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Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: All materials are added at the beginning of the process. Beginning work in process had 81,400 units, 30 percent complete with respect to conversion costs. Ending work in process had 12,100 units, 25 percent complete with respect to conversion costs. Started in process, 110,000 units. Required: 1....
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The following information applies to the questions displayed below. Victory Company uses weighted average process costing...
The following information applies to the questions displayed below. Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 805,000 units of product to finished goods. At the end of November, the work in process inventory consists of 205,000 units that are 60% complete with respect to conversion. Beginning inventory had $525,200 of direct...
E18-20 (similar to) Question Help Williams Company has the following data for the Assembly Department for August: (Click the icon to view the data.) Conversion costs are added evenly throughout the process. The company uses the weighted average method. Read the requirement. Scenario 1. Units in process at the end of August are 40% complete; materials are added at the beginning of the process. i Requirements Williams Company Production Cost Report - Assembly Department (Partial) Month Ended August 31 Equivalent...
Evans Company has the following data for the Assembly Department for August m cck the icon love the data) Conversion costs are added evenly throughout the process. The company uses the weighted average method Read the requirement Data Table Scenario 1. Units in process at the end of August are 10% complete materials are added at the beginning of the process Evans Company Production Cost Report Assembly Department (Partian Month Ended August 31 Equivalent Units Physical Direct Conversion UNITS Units...
Victory Company uses weighted-average process costing to
account for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the process. During November, the company transferred 700,000
units of product to finished goods. At the end of November, the
work in process inventory consists of 180,000 units that are 30%
complete with respect to conversion. Beginning inventory had
$420,000 of direct materials and $139,000 of conversion cost. The
direct material cost...
Weighted Average Method, Journal Entries Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity...
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