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sum Section 3 (20 points) The Assembly Department uses a uning womanda weighted average on flow...
Section 3 (20 points) The Assembly Department uses a process cost accounting system and a weighted...
Section 3 (20 points) The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and me conversion costs uniformly throughout the process. During July $190,000 of materials costs and 137.100 in conversion costs were charged to the department. The beginning work in process mory was 593,000 on July 1. comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the...
Coca-Cola uses a process cost accounting system and a weighted-average cost flow assumption. The department adds...
Coca-Cola uses a process cost accounting system and a weighted-average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80,000 of materials costs and $13,000 of conversion costs. (20 pts) Other data for the month of July are as...
Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost...
Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the month of...
Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost...
Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the month of...
17. (16 points) The Hacking Department uses a process cost accounting system and a weighted-average During...
17. (16 points) The Hacking Department uses a process cost accounting system and a weighted-average During June, $205,000 of direct materials costs and $165,000 in conversion cost flow assumption. costs were charged to the department. The beginning work in process inventory was $98,000 on June 1, comprised of $65,000 of direct materials costs and $33,000 of conversion costs. Other data for the month of June Beginning work in process inventory, 6/1 Units completed and transferred out Ending work in process...
2. Fabian Corporation uses the weighted-average method in its process costing system. The Assembly Department started...
2. Fabian Corporation uses the weighted-average method in its
process costing system. The Assembly Department started the month
with 9,000 units in its beginning work in process inventory that
were 70% complete with respect to conversion costs. An additional
90,000 units were transferred in from the prior department during
the month to begin processing in the Assembly Department. During
the month 87,000 units were completed in the Assembly Department
and transferred to the next processing department. There were
12,000 units...
Required: Prepare a production cost worksheet, using Weighted Average for the finishing department. Please show work....
Required: Prepare a production cost worksheet, using Weighted
Average for the finishing department. Please show work.
13) Lexington Company produces baseball bats and cricket paddles. It has two departments that process all products. During July, the beginning work in process in the cutting department was half completed as to conversion, and complete as to direct materials. The beginning inventory included $40,000 for materials and $60,000 for conversion costs. Ending work-in-process inventory in the cutting department was 40% complete. Direct materials...
8. Paxton Corporation uses the weighted-average method in its process costing system. The Molding Department is...
8. Paxton Corporation uses the weighted-average method in its
process costing system. The Molding Department is the second
department in its production process. The data below summarize the
department's operations in January.
The accounting records indicate that the conversion cost that had
been assigned to beginning work in process inventory was $10,973
and a total of $268,107 in conversion costs were incurred in the
department during January.
What was the cost per equivalent unit for conversion costs for
January in...
Harker Corporation uses the weighted-average method in its process costing system. The first processing department, the...
Harker Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 16,000 units in its beginning work in process inventory that were 40% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $29,440. An additional 59,000 units were started into production during the month and 61,000 units were completed in the Welding Department and transferred to the next processing department. There...
1. Darden Corporation uses the weighted-average method in its process costing system. The first processing department,...
1. Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 19,200 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $19,200. An additional 90,000 units were started into production during the month. There were 23,000 units in the ending work in process inventory of the Welding Department that...
Section 3 (20 points) The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and me conversion costs uniformly throughout the process. During July $190,000 of materials costs and 137.100 in conversion costs were charged to the department. The beginning work in process mory was 593,000 on July 1. comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the...
Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the month of...
Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the month of...
17. (16 points) The Hacking Department uses a process cost accounting system and a weighted-average During June, $205,000 of direct materials costs and $165,000 in conversion cost flow assumption. costs were charged to the department. The beginning work in process inventory was $98,000 on June 1, comprised of $65,000 of direct materials costs and $33,000 of conversion costs. Other data for the month of June Beginning work in process inventory, 6/1 Units completed and transferred out Ending work in process...
2. Fabian Corporation uses the weighted-average method in its
process costing system. The Assembly Department started the month
with 9,000 units in its beginning work in process inventory that
were 70% complete with respect to conversion costs. An additional
90,000 units were transferred in from the prior department during
the month to begin processing in the Assembly Department. During
the month 87,000 units were completed in the Assembly Department
and transferred to the next processing department. There were
12,000 units...
Required: Prepare a production cost worksheet, using Weighted
Average for the finishing department. Please show work.
13) Lexington Company produces baseball bats and cricket paddles. It has two departments that process all products. During July, the beginning work in process in the cutting department was half completed as to conversion, and complete as to direct materials. The beginning inventory included $40,000 for materials and $60,000 for conversion costs. Ending work-in-process inventory in the cutting department was 40% complete. Direct materials...
8. Paxton Corporation uses the weighted-average method in its
process costing system. The Molding Department is the second
department in its production process. The data below summarize the
department's operations in January.
The accounting records indicate that the conversion cost that had
been assigned to beginning work in process inventory was $10,973
and a total of $268,107 in conversion costs were incurred in the
department during January.
What was the cost per equivalent unit for conversion costs for
January in...
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