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Answer
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| Equivalent units | |||||||
| Where do the units come from? | Where do the units go? | % Work Done | Direct Materials | % Work Done | Conversion Cost | ||
| Beginning units | 4000 | Completed and Transferred | 68000 | 100% | 68000 | 100% | 68000 |
| Started | 70000 | Ending Inventory | 6000 | 100% | 6000 | 30% | 1800 |
| Total | 74000 | Total | 74000 | 74000 | 69800 | ||
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eBook Print Question 1 Not complete Marked out of 0.75 P Flag question Equivalent Units Calculations...
Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's...
Equivalent Units Calculations - Weighted Average Method The
following are selected operating data for Jackson Company's
Blending Department for April 2019. Tinting and packaging
operations are carried out subsequently in other
departments.
Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's Blending Department for April 2019. Tinting and packaging operations are carried out subsequently in other departments. 22,000 units, 60% complete Beginning inventory Started and completed 374,000 units 33,000 units, 30% complete Ending...
Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's...
Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's Blending Department for April 2019. Tinting and packaging operations are carried out subsequently in other departments. Beginning inventory 4,000 units, 60% complete Started and completed 68,000 units Ending inventory 6,000 units, 30% complete Calculate the equivalent units completed using the weighted average method, assuming that the materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Jackson Company...
Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's...
Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's Blending Department for April 2019. Tinting and packaging operations are carried out subsequently in other departments. Beginning inventory 12,000 units, 60% complete Started and completed 204,000 units Ending inventory 18,000 units, 30% complete Calculate the equivalent units completed using the weighted average method, assuming that the materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Jackson Company...
Equivalent Units calculations-FIFO Method The following selected operating data are for Jackson Company's Blending Department for...
Equivalent Units calculations-FIFO Method The following selected operating data are for Jackson Company's Blending Department for the month of April 2019. Tinting and packaging operations are carried out subsequently in other departments Beginning inventory N complete 4.000 V 56000 UN Started and cord Linding inventory 000 to complete Calculate the equivalent units accomplished using the FIFO method, assuming that the materials are added at the beginning of the process and conversion costs are incurred every throughout Equivalent Units Direct Work...
eBook Print Question 3 Not complete Marked out of 2.00 P Flag question Calculate Equivalent Units,...
eBook Print Question 3 Not complete Marked out of 2.00 P Flag question Calculate Equivalent Units, Unit Costs, and Transferred Costs-Weighted Average Method Canfield Manufacturing, Inc., operates a plant that produces its own regionally-marketed Spicy Steak Sauce. The sauce is produced in two processes, blending and bottling. In the Blending Department, all materials are added at the start of the process, and labor and overhead are incurred evenly throughout the process. Canfield uses the weighted average method. The follow Sunnort...
Question 2 Not complete Marked out of 1.25 P Flag question Equivalent Units and Product Cost...
Question 2 Not complete Marked out of 1.25 P Flag question Equivalent Units and Product Cost Report-Weighted Average Method In its first month's operations (January 2019), Schramiski Company's Department 1 incurred charges of $120,000 for direct materials (10,000 units), $29,875 for direct labor, and $58,000 for manufacturing overhead. At month-end, 9,000 units had been finished and transferred out. The remaining units were finished with respect to material but only 25% complete with respect to conversion costs. Assuming Schramiski uses the...
Exercise 4-7B: Equivalent Units Calculations - FIFO Method The following selected operating data are for Jackson...
Exercise 4-7B: Equivalent Units Calculations - FIFO Method The following selected operating data are for Jackson Company's Blending Department for the month of November 2016. Painting and packaging operations are carried out subsequently in other departments. Beginning inventory 3,000 units, 70% complete Started and completed 60,000 units Ending inventory 5,000 units, 40% complete Calculate the equivalent units finished for the month of November using the FIFO method, assuming that the material is added at the beginning of the process and...
Ferris Corporation Flow of Units and Equivalent Units Calculation, March 2019 Equivalents Units Where do the...
Ferris Corporation
Flow of Units and Equivalent Units Calculation,
March 2019
Equivalents Units
Where do the units come from?
Where do the units go?
% Work
Done?
Direct
Materials
% Work
Done?
Conversion
Costs
Beginning Inventory
Answer
Completed/Transferred
Answer
Answer
Answer
Answer
Answer
Started
Answer
Ending Inventory
Answer
Answer
Answer
Answer
Answer
Total
Answer
Total
Answer
Answer
Answer
EXERCISES-SET A E4-1A. Equivalent Units Calculations-Weighted Average Method Ferris Corporation makes a powdered L03 rug shampoo in two sequential departments, Compounding and...
Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for Nelson...
Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for Nelson Company's processing department work-in-process account for the month of September 2019: Beginning inventory (1,500 units, 70% complete) Direct materials $22,000 Conversion costs 10,000 Current period Direct materials (6,000 units) 50,000 Direct labor 41,000 Manufacturing overhead applied 65,440 Nelson uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of...
E4-3A. Equivalent Units and Product Cost Report—Weighted Average Method In its first month’s operations (January 2019),...
E4-3A. Equivalent Units and Product Cost Report—Weighted Average
Method In its first month’s operations (January 2019), Schramski
Company’s Department 1 incurred charges of $120,000 for direct
materials (10,000 units), $29,875 for direct labor, and $58,000 for
manufacturing overhead. At month-end, 9,000 units had been finished
and transferred out. The remaining units were finished with respect
to material but only 25% complete with respect to conversion
costs.
Assuming Schramski uses the weighted average method and that
materials are added at the...
Equivalent Units Calculations - Weighted Average Method The
following are selected operating data for Jackson Company's
Blending Department for April 2019. Tinting and packaging
operations are carried out subsequently in other
departments.
Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's Blending Department for April 2019. Tinting and packaging operations are carried out subsequently in other departments. 22,000 units, 60% complete Beginning inventory Started and completed 374,000 units 33,000 units, 30% complete Ending...
Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's Blending Department for April 2019. Tinting and packaging operations are carried out subsequently in other departments. Beginning inventory 12,000 units, 60% complete Started and completed 204,000 units Ending inventory 18,000 units, 30% complete Calculate the equivalent units completed using the weighted average method, assuming that the materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Jackson Company...
Equivalent Units calculations-FIFO Method The following selected operating data are for Jackson Company's Blending Department for the month of April 2019. Tinting and packaging operations are carried out subsequently in other departments Beginning inventory N complete 4.000 V 56000 UN Started and cord Linding inventory 000 to complete Calculate the equivalent units accomplished using the FIFO method, assuming that the materials are added at the beginning of the process and conversion costs are incurred every throughout Equivalent Units Direct Work...
eBook Print Question 3 Not complete Marked out of 2.00 P Flag question Calculate Equivalent Units, Unit Costs, and Transferred Costs-Weighted Average Method Canfield Manufacturing, Inc., operates a plant that produces its own regionally-marketed Spicy Steak Sauce. The sauce is produced in two processes, blending and bottling. In the Blending Department, all materials are added at the start of the process, and labor and overhead are incurred evenly throughout the process. Canfield uses the weighted average method. The follow Sunnort...
Question 2 Not complete Marked out of 1.25 P Flag question Equivalent Units and Product Cost Report-Weighted Average Method In its first month's operations (January 2019), Schramiski Company's Department 1 incurred charges of $120,000 for direct materials (10,000 units), $29,875 for direct labor, and $58,000 for manufacturing overhead. At month-end, 9,000 units had been finished and transferred out. The remaining units were finished with respect to material but only 25% complete with respect to conversion costs. Assuming Schramiski uses the...
Exercise 4-7B: Equivalent Units Calculations - FIFO Method The following selected operating data are for Jackson Company's Blending Department for the month of November 2016. Painting and packaging operations are carried out subsequently in other departments. Beginning inventory 3,000 units, 70% complete Started and completed 60,000 units Ending inventory 5,000 units, 40% complete Calculate the equivalent units finished for the month of November using the FIFO method, assuming that the material is added at the beginning of the process and...
Ferris Corporation
Flow of Units and Equivalent Units Calculation,
March 2019
Equivalents Units
Where do the units come from?
Where do the units go?
% Work
Done?
Direct
Materials
% Work
Done?
Conversion
Costs
Beginning Inventory
Answer
Completed/Transferred
Answer
Answer
Answer
Answer
Answer
Started
Answer
Ending Inventory
Answer
Answer
Answer
Answer
Answer
Total
Answer
Total
Answer
Answer
Answer
EXERCISES-SET A E4-1A. Equivalent Units Calculations-Weighted Average Method Ferris Corporation makes a powdered L03 rug shampoo in two sequential departments, Compounding and...
Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for Nelson Company's processing department work-in-process account for the month of September 2019: Beginning inventory (1,500 units, 70% complete) Direct materials $22,000 Conversion costs 10,000 Current period Direct materials (6,000 units) 50,000 Direct labor 41,000 Manufacturing overhead applied 65,440 Nelson uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of...
E4-3A. Equivalent Units and Product Cost Report—Weighted Average
Method In its first month’s operations (January 2019), Schramski
Company’s Department 1 incurred charges of $120,000 for direct
materials (10,000 units), $29,875 for direct labor, and $58,000 for
manufacturing overhead. At month-end, 9,000 units had been finished
and transferred out. The remaining units were finished with respect
to material but only 25% complete with respect to conversion
costs.
Assuming Schramski uses the weighted average method and that
materials are added at the...
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