2. Prepare the production report for the blending process. Physical Units Transferred-in Costs Direct Materials $8,000...
2. Prepare the production report for the blending process. Physical Units Transferred-in Costs Direct Materials $8,000 Conversion Costs $24,800 Beginning 40,000 WIP (a) Started during 750,000 month Completed 760,000 during March Costs added in March Ending 30,000 Inventory (b) $147,600 $554,200 a. Degree of completion: 100% complete for DM and 80% complete for CC. b. Degree of completion: 60% complete for DM and 40% complete for CC.
CALCULATIONS IN PROCESS COSTING GenX produces and organic cereal mix. The cereal mix is manufactured in a continuous two-step process: ROASTING and BLENDING. We will cover ROASTING Roasting Department Units % of Completion DM % of Completion Conversion costs (DL + MOH) Beginning WIP 3/31 30,000 100% 65% Units started 90,000 Units completed and transferred out 100,000 100% 100% Ending WIP 4/30 20,000 100% 25% $ 81,000 108,900 $189,900 GenX ROASTING DEPT. Beginning WIP DM Costs Conversion Costs Costs during...
RuE TARLE Question 3-10 marks The following data relates to October 2018 All direct materials are added at the beginning of the process Spoiled units are disposed of for no proceeds DM $ Units Conversion $ 40,000 $ 100 % 2000 35,000 WIP-beginning Degree of Completion Beginning WIP Started during October Goods completed and transferred out 35% 6000 5000 2200 WIP-end 100 % 130,000 $ 55% Degree of Completion End WIP 245,400 October Costs 5% Normal spoilage (5 marks) ASSIGN...
Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: All materials are added at the beginning of the process. Beginning work in process had 81,400 units, 30 percent complete with respect to conversion costs. Ending work in process had 12,100 units, 25 percent complete with respect to conversion costs. Started in process, 110,000 units. Required: 1....
Company uses the weighted average method in its process-costing system. Operating data for the first processing department for the last month appear below pertaining to the physical flow of units, direct materials (DM), and conversion costs (CC) 9 of % of completion completion: Units DM CC Beginning WIP inventory 1.100806 50% Started into production during the month 9,800 Ending WIP inventory 2,100 90% ? 3 How many units were transferred out of the first department during the month? 13,000 9,800...
fifo method production report , journal entries and t account for WIP Part 1 - 45 Marks Como Corporation manufactures car seats in its Sarnia plant. Each car seat passes through the Assembly Dept, and then the Testing Dept. Direct materials are added at the beginning of the process whereas conversion costs are incurred uniformly during the process. All units are transferred to the Testing Dept. upon completion. CC $402,750 Data for the month ended, December 2019 is given below:...
Adams Company uses the weighted average method in its process-costing system. Operating department for the last month appear below pertaining to the physi conversion costs (CC) h appear below pertaining to the physical flow of units, direct materials (DM), and og in its process-costing system. Operating data for the first processing % of completion DM 8 0% of completion: CC 50% Beginning WIP inventory Started into production during the month Ending WIP inventory Units 1.100 9.800 2.100 90% 3 How...
March 1, 201, Dorchester Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 19,500 units were started and completed. Dorchester also started but did not complete 7,500 units. These units remained in ending WIP inventory and were 70% complete as to conversion costs. Dorchester...
March 1, 201, Dorchester Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 12,500 units were started and completed. Dorchester also started but did not complete 9,500 units. These units remained in ending WIP inventory and were 60% complete as to conversion costs....
1. Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 30% complete with respect to conversion costs and the ending inventory is 70% complete with respect to conversion costs. Other data for the month include: Beginning WIP inventory 180 units Units transferred out 290...