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beginning work in process 2,100 units that are 100% complete
as to materials and 26% complete...
$125,000 Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost...
$125,000 Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April 87,500 $212,500 $1,000,000 456,250 $1,456,250 Units transferred out totaled 21.250. Ending work in process was 1.250 units that are 100% complete as to materials and 40% complete as to conversion costs. (a) Compute the equivalent units of production for (1) materials and (2) conversion...
Assume the following information: Percent Complete Milling Department Units Materials Conversion Beginning work in process inventory...
Assume the following information: Percent Complete Milling Department Units Materials Conversion Beginning work in process inventory 200 40 % 30 % Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100 % 100 % Ending work in process inventory 600 70 % 60 % Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 299,000 385,000 Total cost $ 309,000...
Assume the following information: Percent Complete Milling Department Units Materials Conversion Beginning work in process inventory...
Assume the following information: Percent Complete Milling Department Units Materials Conversion Beginning work in process inventory 200 40 % 30 % Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100 % 100 % Ending work in process inventory 600 70 % 60 % Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 292,000 385,000 Total cost $ 302,000...
The Finishing Department had 6,900 incomplete units in its beginning Work-in-Process Inventory which were 100% complete...
The Finishing Department had 6,900 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 18,800 units were received from the previous department. The ending Work-in-Process Inventory consisted of 3,900 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first in, first-out (FIFO) process costing 0.25 What are the equivalent units of production for the conversion costs during the...
$125,000 Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost...
$125,000 Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April 87,500 $212,500 $1,000,000 456,250 $1,456,250 Units transferred out totaled 21.250. Ending work in process was 1.250 units that are 100% complete as to materials and 40% complete as to conversion costs. (a) Compute the equivalent units of production for (1) materials and (2) conversion...
Assume the following information: Percent Complete Milling DepartmentUnits Materials Conversion Beginning work in process inventory 200 40% 30% Units...
Assume the following information: Percent Complete Milling DepartmentUnits Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 70% 60% Milling DepartmentMaterials Conversion Cost of beginning work in process inventory$10,000 $15,000 Costs added during the period 304,000 385,000 Total cost$314,000 $400,000 Using the FIFO method, the total cost of the ending work in process inventory with respect to materials is closest to:
Assume the following information: Percent Complete Milling DepartmentUnits Materials Conversion Beginning work in process inventory 200 40% 30% Units...
Assume the following information: Percent Complete Milling DepartmentUnits Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 70% 60% Milling DepartmentMaterials Conversion Cost of beginning work in process inventory$10,000 $15,000 Costs added during the period 304,000 385,000 Total cost$314,000 $400,000 Using the FIFO method, the total cost of the ending work in process inventory with respect to materials is closest to:
In the month of June, a department had 20900 units in beginning work in process that were 65% complete. During June, 89...
In the month of June, a department had 20900 units in beginning work in process that were 65% complete. During June, 89600 units were started into production. At the end of June there were 10200 units in ending work in process that were 45% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. How many units were transferred out of the department in June? O 100300 units. 089600 units. O...
Assume the following information: Percent Complete Materials Conversion 45% 30% Milling Department Beginning work in process...
Assume the following information: Percent Complete Materials Conversion 45% 30% Milling Department Beginning work in process inventory Units started into production during March Units completed during March and transferred to the next department Ending work in process inventory Units 300 6,100 5,800 600 100% 6ex 100% 50x Using the weighted average method, what is the equivalent units of production for conversion? Multiple Choice 6,400 units 6,025 units 6100 units 6.160 units Assume the following information Units 300 6,000 Percent Complete...
BE3.5 Compute equivalent units of production. (LO 3), AP The Smelting Department of Kiner Company has...
BE3.5 Compute equivalent units of production. (LO 3), AP The Smelting Department of Kiner Company has the following production data for November. Beginning work in process 2,000 units that are 100% complete as to materials and 20% complete as to conversion costs; units transferred out 9,000 units; and ending work in process 7,000 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion...
$125,000 Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April 87,500 $212,500 $1,000,000 456,250 $1,456,250 Units transferred out totaled 21.250. Ending work in process was 1.250 units that are 100% complete as to materials and 40% complete as to conversion costs. (a) Compute the equivalent units of production for (1) materials and (2) conversion...
The Finishing Department had 6,900 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 18,800 units were received from the previous department. The ending Work-in-Process Inventory consisted of 3,900 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first in, first-out (FIFO) process costing 0.25 What are the equivalent units of production for the conversion costs during the...
$125,000 Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April 87,500 $212,500 $1,000,000 456,250 $1,456,250 Units transferred out totaled 21.250. Ending work in process was 1.250 units that are 100% complete as to materials and 40% complete as to conversion costs. (a) Compute the equivalent units of production for (1) materials and (2) conversion...
In the month of June, a department had 20900 units in beginning work in process that were 65% complete. During June, 89600 units were started into production. At the end of June there were 10200 units in ending work in process that were 45% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. How many units were transferred out of the department in June? O 100300 units. 089600 units. O...
Assume the following information: Percent Complete Materials Conversion 45% 30% Milling Department Beginning work in process inventory Units started into production during March Units completed during March and transferred to the next department Ending work in process inventory Units 300 6,100 5,800 600 100% 6ex 100% 50x Using the weighted average method, what is the equivalent units of production for conversion? Multiple Choice 6,400 units 6,025 units 6100 units 6.160 units Assume the following information Units 300 6,000 Percent Complete...
BE3.5 Compute equivalent units of production. (LO 3), AP The Smelting Department of Kiner Company has the following production data for November. Beginning work in process 2,000 units that are 100% complete as to materials and 20% complete as to conversion costs; units transferred out 9,000 units; and ending work in process 7,000 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion...
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