23.A. 3.55.........3.13.
working:
unit product cost = (beginning work in progress + cost added) / number of units
materials
=> ($8000+63,000) / 20,000 units
=>$3.55.
conversion
unit product cost = (3750+52500) / 18,000
=>$3.13.
38.$1,325,000.
Total estimated overhead = sum of all activity cost pools:
500,000+200,000+450,000+175,000
=>$1,325,000.
47.D.$3,499,000.
direct materials | 1,800,000 |
direct labor | 890,000 |
factory utilities | 225,000 |
indirect labor | 75,000 |
factory depreciation | 500,000 |
beginning work in process, january 1 | 27,000 |
less: ending work in process, december 31 | (18,000) |
total manufacturing costs | $3,499,000 |
51 .D.96,000.
units to be accounted for = ending work in process + units transferred out
=>65,000+31,000
=>96,000.
23. Holton Company has the following equivalent units for July: materials 20,000 and conversion 18,000. Production...
4. Crawford Company has the following equivalent units for July: materials 20,000 and conversion costs 18,000. Production cost data are: Materials Conversion Work in process, July 1 $ 6,400 $ 3,000 Costs added in July 50,400 42,000 The unit production costs for July are: Materials Conversion Costs A) $2.52 $2.50 Wiel 2.33 B) C) 2.84 2.84 2.52 2.50 D) 2.33 14. Edmiston Company reported the 1 Company reported the following year-end information: beginning work in process inventory, S80,000: cost of...
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We were unable to transcribe this image8. Cost of goods sold A) is calculated exactly the same for merchandising and manufacturing companies. B) only appears on manufacturing companies' income statements. C) appears on both manufacturing and merchandising companies' income statements. D) only appears on merchandising companies' income statements. 14. Edmiston Company reported the 1 Company reported the following year-end information: beginning work in process inventory, S80,000: cost of goods manufactured, $750,000, beginning finished...
Equivalent units of
production for direct materials and conversion. If an amount is
zero or a blank, enter in "0".
Work
in Process-Assembly Department
Equivalent Units of Production for Direct Materials and
Conversion Costs
Need help on
Section B
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department...
Multiple Choice Question 80 Waterway Company has the following equivalent units of production for July: materials 25500 and conversion costs 26000. Production cost data are: Work in process, July 1 Costs added in July Materials $ 6100 50000 Conversion $ 2200 42000 The unit production costs for July are: Materials Conversion Costs $2.20 $1.70 $1.96 $1.70 OOOO $2.20 $1.62 $1.96 $1.62
the unit production costs for july are?
Bramble Company has the following equivalent units for July: materials 30750 and conversion costs 32000. Production cost data are: Materials Conversion Work in process July 1 $ 7500 $ 2400 Costs added in July 54000 36000 The unit production costs for July are: Materials Conversion Costs $2.00 $1.13 $2.00 $1.20 $1.76 $1.20 $1.76 $1.13
Equivalent Units of Production The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 6,000 units, 3/5 completed 8,640 31 Direct materials, 108,000 units 194,400 203,040 31 Direct labor 56,060 259,100 31 Factory overhead 31,540 290,640 31 Goods finished, 109,500 units 279,660 10,980 31 Bal., ? units, 4/5 completed 10,980...
Goode Company has the following production data for selected
months.
Compute equivalent units of production for materials and
conversion costs, assuming materials are entered at the beginning
of the process.
Goode Company has the following production data for selected months. Ending Work in Process Beginning Work in Process % Complete as to Conversion Cost Month January March July Units Transferred Out 38,900 42,100 47,000 Units 10,500 8,300 17,700 44 % 72 22 Compute equivalent units of production for materials and...
Carrasco Corporation has the following data: Sales (units) Production (units) June 19,500 21,000 July 20,000 18,000 August 23,000 25,000 Three pounds of raw material are required for each finished unit. The inventory of materials at the end of each month should equal 25% of the following month’s production needs. Purchases of raw materials for July should be: 62,250 pounds 57,750 pounds 59,250 pounds 48,750 pounds
Equivalent Units of Production The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 18,000 units, 1⁄4 completed 14,760 31 Direct materials, 336,000 units 252,000 266,760 31 Direct labor 40,000 306,760 31 Factory overhead 60,530 367,290 31 Goods finished, 330,000 units 346,410 20,880 31 Bal. ? units, 2⁄5 completed 20,880...
37) John Brown Inc.'s accounting records reflect the following inventories: Dec 31.2019 Dec 31, 2020 $BO000 $ 64,000 Raw materials inventory 104,000 116.000 Work in process inventory 92.000 100,000 Finished goods inventory During 2020, John Brown purchased $1.450,000 of raw materials, incurred direct labor costs of $250.000, and incurred manufacturing overhead totaling $160.000. How much is total manufacturing costs incurred during 2020 for John Brown? a $1,864.000 b. $1,876,000 c. $1,860,000 d. $1,872,000 38) Bigtime Company reported the following year-end...