Homework Answers
| Materials | Labour | Machining | |||||||
| Units | % | Eq. Units | % | Eq. Units | % | Eq. Units | |||
| Beginning | 15000 | 20% | 3000 | 10% | 1500 | 25% | 3750 | ||
| Units Started in Jan | 61000 | - | - | # | - | - | # | - | - |
| Ending Invt. | 22000 | 55% | 12100 | 25% | 5500 | 65% | 14300 | ||
| Units Transferred to WIP | 54000 | 100% | 54000 | 100% | 54000 | 100% | 54000 | ||
| (15000+61000-22000) | |||||||||
| Equivalent Units | 69100 | 61000 | 72050 | ||||||
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I need some help with this process costing Excel problem.
Thanks.
Using Weighted Average.
3 Answer...
Any help would be much appreciated on this process costing problem! G 3 Answer the questions...
Any help would be much appreciated on this process costing
problem!
G 3 Answer the questions listed below. Data is given regarding the process costing system of Ghent Widgets 4 for the month of January. Overhead pertains to machining costs. All costs refer to WIP. 5 6 Data Units Pct. Complete Pct. Complete Pct. Complete 7 Materials Labor Machining 8 Beginning Inventory January 9 Units Started January 15,000 80 % 90% 75% 61,000 22,000 10 Ending Inventory January 55% 25%...
A portion of the question is in FIFO and a portion requires weighted average. Answer the...
A portion of the question is in FIFO and a portion requires
weighted average.
Answer the questions listed below. Data is given regarding the process costing system of Ghent Widgets for the month of January. Overhead pertains to machining costs. All costs refer to WIP. Data Units Pct. Complete Pct. Complete Pct. Complete Materials Labor Machining 80% 90% 75% Beginning Inventory January Units Started January Ending Inventory January 15,000 54,500 22,000 55% 25% 65% Costs Beginning Inventory January Costs Added...
LIM Unit 4 Process Costing Steps in Determining the Weighted Average Costs for Process Costing 1....
LIM Unit 4 Process Costing Steps in Determining the Weighted Average Costs for Process Costing 1. Recap Costs 2. Determine the physical flow of units - how many physical units did you work on? 3. Determine EUP 1. For materials (always at 100%) 2. For conversion costs (direct labor and overhead) 4. Determine the unit cost 1. For materials 2. For conversion costs 3. And total 5. Allocate the costs incurred to goods 1. Finished and not finished 6. Reconcile...
Superior Micro Products uses the weighted average method in its process costing system. During January, the...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $659,560 in total. The ending work in process inventory in January consisted of 2,800 units, which were 60% complete with respect to materials and 40% complete with respect to labor and overhead....
A firm uses the weighted average method for process costing. It has 563 units in beginning...
A firm uses the weighted average method for process costing. It has 563 units in beginning WIP inventory at 31% complete with respect to conversion costs. It starts 25,827 units during the period and has 614 units in ending inventory (these units are 46% complete with respect to conversion costs). All direct materials are added at the beginning of the process. What are total equivalent units with respect to direct materials?
- Adapuve Pidclice 13: Process Costing (11 of 20) 23.11: Nelson industries makes widgets using a...
- Adapuve Pidclice 13: Process Costing (11 of 20) 23.11: Nelson industries makes widgets using a two-step process that involves machining first and assembly second. In the Machining Department, all materials are issued at the beginning of the process and conversion costs are incurred uniformly throughout the process. During the period, the Machining Department transferred out 8,600 widgets and had an ending inventory of 4,000 widgets that were 85% complete. Beginning inventory consisted of 6,000 units that were 35% complete....
Please answer 1-4 :) Superior Micro Products uses the weighted average method in its process costing...
Please answer 1-4 :)
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $699,720 in total. The ending work in process inventory in January consisted of 2,600 units, which were 70% complete with respect to materials and 50% complete with respect...
Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to...
Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 103,000 units made up of the
following.
Amount
Degree of Completion
Prior department costs transferred in from the Molding
Department
$
135,960
100
%
Costs added by...
Superior Micro Products uses the weighted average method in its process costing system. During January, the...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,200 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $698,244 in total. The ending work in process inventory in January consisted of 3,600 units, which were 60% complete with respect to materials and 40% complete with respect to labor and overhead....
Superior Micro Products uses the weighted average method in its process costing system. During January, the...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $653,994 in total. The ending work in process inventory in January consisted of 2,600 units, which were 50% complete with respect to materials and 30% complete with respect to labor and overhead....
Any help would be much appreciated on this process costing
problem!
G 3 Answer the questions listed below. Data is given regarding the process costing system of Ghent Widgets 4 for the month of January. Overhead pertains to machining costs. All costs refer to WIP. 5 6 Data Units Pct. Complete Pct. Complete Pct. Complete 7 Materials Labor Machining 8 Beginning Inventory January 9 Units Started January 15,000 80 % 90% 75% 61,000 22,000 10 Ending Inventory January 55% 25%...
A portion of the question is in FIFO and a portion requires
weighted average.
Answer the questions listed below. Data is given regarding the process costing system of Ghent Widgets for the month of January. Overhead pertains to machining costs. All costs refer to WIP. Data Units Pct. Complete Pct. Complete Pct. Complete Materials Labor Machining 80% 90% 75% Beginning Inventory January Units Started January Ending Inventory January 15,000 54,500 22,000 55% 25% 65% Costs Beginning Inventory January Costs Added...
LIM Unit 4 Process Costing Steps in Determining the Weighted Average Costs for Process Costing 1. Recap Costs 2. Determine the physical flow of units - how many physical units did you work on? 3. Determine EUP 1. For materials (always at 100%) 2. For conversion costs (direct labor and overhead) 4. Determine the unit cost 1. For materials 2. For conversion costs 3. And total 5. Allocate the costs incurred to goods 1. Finished and not finished 6. Reconcile...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $659,560 in total. The ending work in process inventory in January consisted of 2,800 units, which were 60% complete with respect to materials and 40% complete with respect to labor and overhead....
- Adapuve Pidclice 13: Process Costing (11 of 20) 23.11: Nelson industries makes widgets using a two-step process that involves machining first and assembly second. In the Machining Department, all materials are issued at the beginning of the process and conversion costs are incurred uniformly throughout the process. During the period, the Machining Department transferred out 8,600 widgets and had an ending inventory of 4,000 widgets that were 85% complete. Beginning inventory consisted of 6,000 units that were 35% complete....
Please answer 1-4 :)
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $699,720 in total. The ending work in process inventory in January consisted of 2,600 units, which were 70% complete with respect to materials and 50% complete with respect...
Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 103,000 units made up of the
following.
Amount
Degree of Completion
Prior department costs transferred in from the Molding
Department
$
135,960
100
%
Costs added by...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,200 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $698,244 in total. The ending work in process inventory in January consisted of 3,600 units, which were 60% complete with respect to materials and 40% complete with respect to labor and overhead....
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $653,994 in total. The ending work in process inventory in January consisted of 2,600 units, which were 50% complete with respect to materials and 30% complete with respect to labor and overhead....
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