Calculate equivalent units for conversion costs using the FIFO method.
Homework Answers
| To complete Work in Process, beginning inventory | 15080 | =150800*(1-90%) |
| Units started and completed | 249600 | =400400-150800 |
| Work in Process, ending inventory | 130260 | =200400*65% |
| Equivalent units for conversion costs | 394940 |
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Calculate equivalent units for conversion costs using the FIFO
method.
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1. calculate the cost per equivalent unit for direct materials
and conversion costs using the fifo way.
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Calculate Equivalent Units, Unit Costs, and Transferred Costs - Weighted Average Method Monroe Company processes a...
Calculate Equivalent Units, Unit Costs, and Transferred
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Compounding and Packaging departments. In yhe Compounding
Department, direct materials are added at the beginning of the
process, and direct labor and manufacturing overhead are incurred
evenly throughout the process. Monroe uses the weighted average
method. Costs in the Compounding Department can be summarized as
follows:
At August 31, 2019, 3,00 units were in process, 30% complete
with respect...
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Direct Disk Drive Company operates a computer disk manufacturing plant. Direct materials are added at the end of the process. The following data were for June 2017: 25,400 units Work in process, beginning inventory Transferred-in costs (100% complete) Direct materials (0% complete) Conversion costs (85% complete) Transferred in during current period Completed and transferred out 165,100 units 185,200 units 5,300 units Work in process, ending inventory Transferred-in costs (100% complete) Direct materials (0% complete) Conversion costs (65% complete) How many...
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1. calculate the cost per equivalent unit for direct materials
and conversion costs using the fifo way.
Sunny's produces sunglasses in a single department production. Direct materials are added at the start of the process. Conversion costs are added evenly during the process. Conversion costs are 70% complete for beginning WIP and 50% for ending WIP. The company uses FIFO method of process costing. The following information for April 2019 is available. Physical Equivalent Units Direct Conversion Materials Costs 20,000...
Calculate Equivalent Units, Unit Costs, and Transferred
Costs - Weighted Average Method
Monroe Company processes a food seasoning powder through its
Compounding and Packaging departments. In yhe Compounding
Department, direct materials are added at the beginning of the
process, and direct labor and manufacturing overhead are incurred
evenly throughout the process. Monroe uses the weighted average
method. Costs in the Compounding Department can be summarized as
follows:
At August 31, 2019, 3,00 units were in process, 30% complete
with respect...
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