Homework Answers
Requirement 3
| Total Production Costs | Transferred-in Costs | Direct Materials | Conversion Costs | |
| Assignment of costs: | ||||
| Completed and transferred out | $384468 | (200*$1100)= $220000 | (200*$250)= $50000 | (200*$572.34)= $114468 |
| Work in process, ending | 75032 | (50*$1100)= 55000 | (0*$250)= 0 | (35*$572.34)= 20032 |
| Total costs to account for | $459500 | $275000 | $50000 | $134500 |
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the cor 0 Data Table curred - Εαι equival Physical Units Transferred-In Direct Conversion (tons) Costs...
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3. Compute the direct material cost and the conversion cost assigned to units completed and transferred...
3.
Compute the direct material cost and the conversion cost assigned
to units completed and transferred out and ending work in lrocess
inventory.
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 first process. During November, the first process transferred 780,000 units of product to the second process. Additional information for the first process follows. At the end of...
Trendy Clothing, Inc, is a manufacturer of winter clothes. It has a kniting department and a...
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compute the total costs of the units completed and transferred out to the packaging department Read...
compute the total costs of the units completed and transferred out
to the packaging department
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Asaya Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and a...
Asaya Clothing, Inc., is a manufacturer of winter clothes. It
has a knitting department and a finishing department. This exercise
focuses on the finishing department. Direct materials are added at
the end of the process. Conversion costs are added evenly during
the process. Asaya uses the weighted-average method of process
costing. The following information for June 2017 is available.
I need help with requirement 3. All the correct
answers are already shown, but this part confused me and I don't...
1. Asaya Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and...
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3.
Compute the direct material cost and the conversion cost assigned
to units completed and transferred out and ending work in lrocess
inventory.
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 first process. During November, the first process transferred 780,000 units of product to the second process. Additional information for the first process follows. At the end of...
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compute the total costs of the units completed and transferred out
to the packaging department
Read the requirements. Month Ended March 31 Physical Units Equivalent Units Direct Conversion Materials Costs UNITS Units to account for: Beginning work-in-process Started in production 600 9,300 Total units to account for 9.900 Units accounted for: Completed and transferred out Ending work-in-process 4,800 5.100 4.800 5,100 4,800 4,080 Total units accounted for 9,900 9,900 8,880 Requirement 2. Compute the total costs of the units (gallons)...
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Asaya Clothing, Inc., is a manufacturer of winter clothes. It
has a knitting department and a finishing department. This exercise
focuses on the finishing department. Direct materials are added at
the end of the process. Conversion costs are added evenly during
the process. Asaya uses the weighted-average method of process
costing. The following information for June 2017 is available.
I need help with requirement 3. All the correct
answers are already shown, but this part confused me and I don't...
1. Asaya Clothing, Inc., is a manufacturer of winter clothes. It has a knitting department and a finishing department. This exercise focuses on the finishing department Direct materials are added at the end of the process. Conversion costs are added evenly during the process. Asaya uses the weighted average method of process costing. The following information for June 2017 is available. (Click the icon to view the information.) Read the requirements? Requirement 1. Calculate equivalent units of transferred-in costs, direct...
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