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Muffy Painting Company has the following production data for March. Ending Work in Process % Complete...
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000...
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process. What is the equivalent units of production during May for direct materials if the FIFO method is used? 51,000 53,000 42,200 42,000
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000...
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process What is the equivalent units of production during May for direct materials if the FIFO method is used? O 51,000 53,000 42,200 42,000
Brief Exercise 3-4 Goode Company has the following production data for selected months. Ending Work in...
Brief Exercise 3-4 Goode Company has the following production data for selected months. Ending Work in Process Month Beginning Work in Process % Complete as to Conversion Cost January -0- Units Transferred Out 36,300 41,000 46,600 Units 13,500 8,100 20,400 40 % 72 March -0- July -0- 25 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July Click if you would like to...
Pix Company has the following production data for March: no beginning work in process, units started...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 29,000, and
ending work in process 5,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $5
and unit conversion cost is $15. The total costs to be assigned are
$638,300, prepare the cost section of the production cost report
for Pix Company using...
Pix Company has the following production data for March: no beginning work in process, units started...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 27,000, and
ending work in process 3,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $6
and unit conversion cost is $10. The total costs to be assigned are
$465,000, prepare the cost section of the production cost report
for Pix Company using...
Mora Company has the following production data for March: no beginning work in process, 33,500 units started and completed, and 4,960 units in ending work in process that are 100% complete for materials and 40% complete for conversion costs. Mora uses the
Mora Company has the following production data for March: no beginning work in process, 33,500 units started and completed, and 4,960 units in ending work in process that are 100% complete for materials and 40% complete for conversion costs. Mora uses the FIFO method to calculate equivalent units. Unit materials cost is $6 and unit conversion cost is $13. The total costs to be assigned are $692,052.(a) Calculate the costs to be assigned to the units transferred out and the...
Tip Top Painting Company has the following production data for March Beginning work in process, 2,000...
Tip Top Painting Company has the following production data for March Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process. 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process What is the equivalent units of production during May for conversion costs if the FIFO method is used? 44,400 50.600 45.200 +8800
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000...
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process. What is the equivalent units of production during May for conversion costs if the FIFO method is used? 44,400 50,600 45,200 48,800
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for...
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation Production: 6,810 units finished and transferred out: 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $32,079; labor $20,600; overhead $35,271. Prepare a production cost report. (Round unit costs to 2 decimal places, e-s. 2.25.) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month...
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for...
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 7,140 units finished and transferred out: 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs Manufacturing costs: Materials $35,490; labor $20,700: overhead $42,768. Prepare a production cost report. (Round unit costs to 2 decimal places, eg. 2.25 and other answers to decimal places, eg, 125.) QUIK FURNITURE COMPANY...
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process. What is the equivalent units of production during May for direct materials if the FIFO method is used? 51,000 53,000 42,200 42,000
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process What is the equivalent units of production during May for direct materials if the FIFO method is used? O 51,000 53,000 42,200 42,000
Brief Exercise 3-4 Goode Company has the following production data for selected months. Ending Work in Process Month Beginning Work in Process % Complete as to Conversion Cost January -0- Units Transferred Out 36,300 41,000 46,600 Units 13,500 8,100 20,400 40 % 72 March -0- July -0- 25 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July Click if you would like to...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 29,000, and
ending work in process 5,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $5
and unit conversion cost is $15. The total costs to be assigned are
$638,300, prepare the cost section of the production cost report
for Pix Company using...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 27,000, and
ending work in process 3,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $6
and unit conversion cost is $10. The total costs to be assigned are
$465,000, prepare the cost section of the production cost report
for Pix Company using...
Tip Top Painting Company has the following production data for March Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process. 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process What is the equivalent units of production during May for conversion costs if the FIFO method is used? 44,400 50.600 45.200 +8800
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process. What is the equivalent units of production during May for conversion costs if the FIFO method is used? 44,400 50,600 45,200 48,800
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation Production: 6,810 units finished and transferred out: 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $32,079; labor $20,600; overhead $35,271. Prepare a production cost report. (Round unit costs to 2 decimal places, e-s. 2.25.) QUIK FURNITURE COMPANY Sanding Department Production Cost Report For the Month...
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 7,140 units finished and transferred out: 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs Manufacturing costs: Materials $35,490; labor $20,700: overhead $42,768. Prepare a production cost report. (Round unit costs to 2 decimal places, eg. 2.25 and other answers to decimal places, eg, 125.) QUIK FURNITURE COMPANY...
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