24. Jawson Corporation uses the weighted-average method in its
process costing system. Operating data for the Painting Department
for the month of April appear below:
What were the equivalent units for conversion costs in the Painting
Department for April?
Unit transferred out = 6300+65600-4600 = 67300
Equivalent unit for conversion = Unit transferred out+(Ending WIP*percent completion)
= 67300+(4600*70%)
Equivalent unit for conversion = 70520
24. Jawson Corporation uses the weighted-average method in its process costing system. Operating data for the...
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...
4. Narver Corporation uses the weighted-average method in its
process costing system. Operating data for the Lubricating
Department for the month of October appear below:
What were the equivalent units for conversion costs in the
Lubricating Department for October?
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5. Baker Corporation uses the weighted-average method in its
process costing system. The Assembly Department started the month
with 8,000 units in its beginning work in process inventory that
were 90% complete with respect to conversion costs. An additional
95,000...
25. Narver Corporation uses the weighted-average method in its
process costing system. Operating data for the Lubricating
Department for the month of October appear below:
What were the equivalent units for conversion costs in the
Lubricating Department for October?
Percent Complete with Respect to Conversion 60% Beginning work in process inventory... Transferred in from the prior department during October Completed and transferred to the next department during October..... Ending work in process inventory.. Units 6,600 40,100 37,100 9,600 80%
1. (2 points) Jason Corporation uses the weighted average method in its process costing system. The Assembly Department started the month with 10,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 55,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. During the month 52,000 units were completed in the Assembly Department and transferred to the next processing department. There...
Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 4,600 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 67,500 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 31,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion...
6. Larner Corporation uses the weighted-average method in its
process costing system. Operating data for the first processing
department for the month of June appear below:
According to the company's records, the conversion cost in
beginning work in process inventory was $68,064 at the beginning of
June. Additional conversion costs of $585,324 were incurred in the
department during the month.
What was the cost per equivalent unit for conversion costs for the
month? (Round off to three decimal places.)
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Paceheco 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. Units
Percent Complete with Respect to Conversion Beginning work in
process inventory 5,200 70 % Transferred in from the prior
department during January 59,100 Completed and transferred to the
next department during January 56,900 Ending work in process
inventory 7,400 40 % The accounting records indicate that the
conversion...
Lanjan Corporation uses the weighted average method in its process costing system. Operating data for the first processing department for the month of June appear below: Percent Complete with Respect to Conversion 50% Beginning work in process inventory Started into production during June Ending work in process inventory Units 14,000 76,000 20,000 10% According to the company's records, the conversion cost in beginning work in process inventory was $92,218 at the beginning of June. Additional conversion costs of $571,618 were...
1. The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 21,200 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $3.55 for materials and $5.05 for labor and overhead, the total...
Tabet Corporation uses the FIFO method in its process costing system Operating data for the Curing Department for the month of March appear below Percent Complete with Respect to Units Conversion 6,5 70% 57,500 59,5ee 4,500 Beginning work in process inventory Transferred in from the prior department during March Completed and transferred to the next department during March Ending work in process inventory According to the company's records, the conversion cost in beginning work in process inventory was $21149 at...