Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing...
Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of 6,500 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 5,500 units that were 60% complete with respect to conversion costs. If 13,000 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be:
Homework Answers
| Calculation of equivalent units of production for conversion cost | ||||||
| 6500 * 25% + 6500*100% + 5500*60% = 11425 | ||||||
| Equivalent unit of production for conversion cost = 11425 unit |
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Intask Corporation uses the FIFO method in its process costing
system. Beginning inventory in the mixing...
Intask Corporation uses the FIFO method in its process costing system Beginning imventory in the mixing...
Intask Corporation uses the FIFO method in its process costing system Beginning imventory in the mixing department consisted of 6,900 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 5,900 units that were 60% complete with respect to conversion costs. If 13,800 units were transferred to the next processing department during the period the equivalent units of production for comversion cost would be: Multple Choice 14.525 units 12365 unts 15.525 unts 14800...
C)$200,000 D) $136,000 9) Intask Corporation uses the FIFO method in its process costing system. Beginning...
C)$200,000 D) $136,000 9) Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of6100 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of $100 units that were 60% complete with respect to conversion costs. If 12,200 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be: C)12,725 units D) 10,685 units A)...
Intask Corporation uses the first-in, first-out method in its process costing system. Beginning inventory in the...
Intask Corporation uses the first-in, first-out method in its process costing system. Beginning inventory in the mixing department consisted of 7,300 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 6,300 units that were 60% complete with respect to conversion costs. If 14,600 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be: Multiple Choice 15,425 units 12,905 units 16,425 units...
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Annenbaum Corporation uses the
weighted-average method in its process costing system. This month,
the beginning inventory in the first processing department
consisted of 2,400 units. The costs and percentage completion of
these units in beginning inventory were: Cost Percent Complete
Materials costs $ 7,700 65% Conversion costs $ 8,800 45% A total of
10,500 units were started and 7,900 units were transferred to the
second processing department during the month. The following costs
were incurred in the first processing department...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,000 50% Conversion costs $ 2,200 20% A total of 7,300 units were started and 6,600 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,100 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,200 50% Conversion costs $ 2,400 20% A total of 7,500 units were started and 6,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,700 65% Conversion costs $ 6,800 45% A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
Gaba Corporation uses the FIFO method in its process costing system. The Grinding Department started the...
Gaba Corporation uses the FIFO method in its process costing system. The Grinding Department started the month with 17,700 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. An additional 67,000 units were transferred in from the prior department during the month to begin processing in the Grinding Department. During the month 77,000 units were completed in the Grinding Department and transferred to the next processing department. There were 7,700 units in...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,300 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 7,400 50% Conversion costs $ 3,600 20% A total of 8,700 units were started and 8,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,800 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,900 50% Conversion costs $ 3,100 20% A total of 8,200 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Intask Corporation uses the FIFO method in its process costing system Beginning imventory in the mixing department consisted of 6,900 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 5,900 units that were 60% complete with respect to conversion costs. If 13,800 units were transferred to the next processing department during the period the equivalent units of production for comversion cost would be: Multple Choice 14.525 units 12365 unts 15.525 unts 14800...
C)$200,000 D) $136,000 9) Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of6100 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of $100 units that were 60% complete with respect to conversion costs. If 12,200 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be: C)12,725 units D) 10,685 units A)...
Annenbaum Corporation uses the
weighted-average method in its process costing system. This month,
the beginning inventory in the first processing department
consisted of 2,400 units. The costs and percentage completion of
these units in beginning inventory were: Cost Percent Complete
Materials costs $ 7,700 65% Conversion costs $ 8,800 45% A total of
10,500 units were started and 7,900 units were transferred to the
second processing department during the month. The following costs
were incurred in the first processing department...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,700 65% Conversion costs $ 6,800 45% A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
Gaba Corporation uses the FIFO method in its process costing system. The Grinding Department started the month with 17,700 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. An additional 67,000 units were transferred in from the prior department during the month to begin processing in the Grinding Department. During the month 77,000 units were completed in the Grinding Department and transferred to the next processing department. There were 7,700 units in...
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