In process 2, material G is added when a batch is 60% complete. Ending work-in-process units,...
In process 2, material
G is added when a batch is 60% complete. Ending work-in-process
units, which are 50% complete, would be included in the computation
of equivalent units for: (CPA adapted)
| Conversion Costs | Material G | |
| A. | Yes | No |
| B. | No | Yes |
| C. | No | No |
| D. | Yes | Yes |
Multiple Choice
-
Option A.
-
Option B.
-
Option C.
-
Option D.
Homework Answers
Correct answer---------Option A.
.
Conversion cost will be added for calculating equivalent units but not the material cost because material is nit yet added. Material will be added after 60% completion for work only.
Add Answer to:
In process 2, material
G is added when a batch is 60% complete. Ending work-in-process
units,...
Multiple Choice Question 70 A process with 1700 units of beginning work in process, completed and...
Multiple Choice Question 70 A process with 1700 units of beginning work in process, completed and transferred out 24200 units during a period. There were 9800 units in the ending work in process that were 50% complete as to conversion costs. Materials are added 70% at the beginning of the process and 30% when the units are 90% complete. How much is equivalent units of production for the period for material costs?
Assume there were 6,000 units in beginning work in process, 60% complete. 20,000 units were completed...
Assume there were 6,000 units in beginning work in process, 60%
complete. 20,000 units were completed during the month. Ending work
in process is 40% complete, which is equivalent to 3,200 units for
conversion costs. Materials are added at the beginning of the
process. The standard cost method is used.
Assume the total conversion costs for the month are $78,400. What
amount of conversion costs are attached to units in ending work in
process inventory? (please show calculation)
$8,960
$12,800...
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In June, one of the processing departments et Furbush Corporation had ending work in process inventory...
In June, one of the processing departments et Furbush Corporation had ending work in process inventory of $13,000. During the month, $414,000 of costs were added to production and the cost of units transferred out from the department was $436,000. In the department's cost reconciliation report for January, the cost of beginning work in process inventory for the department would be: Multiple Choice $35,000 $423,000 $9,000 $401.000 Paceheco Corporation uses the weighted-average method in its process costing system. The Molding...
Beginning Work-in-Process is 4,300 units; 48,600 units completed, and ending Work-in-Process is 3,850 units, which are...
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Assume the following information Milline Deporte Cost of beginning work in process mentary Costs added during...
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Assume there were 6,000 units in beginning work in process, 60%
complete. 20,000 units were completed during the month. Ending work
in process is 40% complete, which is equivalent to 3,200 units for
conversion costs. Materials are added at the beginning of the
process. The standard cost method is used.
Assume the total conversion costs for the month are $78,400. What
amount of conversion costs are attached to units in ending work in
process inventory? (please show calculation)
$8,960
$12,800...
Materials are added at the beginning of a production process, and ending work in process inventory is 20% complete with respect to conversion costs. Use the information provided to complete a production cost report using the weighted average method. Costs to Account For Beginning inventory materials $9.000 Beg i nventory conversion 20.000 Direct material 58.600 Direct labor 74.000 Applied overhead 34520 Total costs to account for $196,120 Units to Account For Beginning work in process 5.000 Units started into production...
In June, one of the processing departments et Furbush Corporation had ending work in process inventory of $13,000. During the month, $414,000 of costs were added to production and the cost of units transferred out from the department was $436,000. In the department's cost reconciliation report for January, the cost of beginning work in process inventory for the department would be: Multiple Choice $35,000 $423,000 $9,000 $401.000 Paceheco Corporation uses the weighted-average method in its process costing system. The Molding...
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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...
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