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Campbell Company had 240 units of product in its work in process inventory at the beginning...
Campbell Company had 300 units of product in work in process inventory at the beginning of the period. It started...
Campbell Company had 300 units of product in work in process inventory at the beginning of the period. It started 1,700 units during the period and transferred 1,500 units to finished goods inventory. The ending work in process inventory was estimated to be 60 percent complete. Cost data for the period follow Product Costs $ 58,200 57,000 $115,200 Beginning balance Added during period Total Required a. Calculate the number of equivalent units of production b. Calculate the product cost per...
Solomon Company had 100 units of product in work in process inventory at the beginning of the period. It started 1,300 units during the period and transferred 1,200 units to finished goods inventory....
Solomon Company had 100 units of product in work in process inventory at the beginning of the period. It started 1,300 units during the period and transferred 1,200 units to finished goods inventory. The ending work in process inventory was estimated to be 7O percent complete. Cost data for the period follow Product Costs Beginning balance Added during periocd $31,640 56,800 $88,440 Total Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent...
Costs Units 40,000 $ 42,000 97,000 $ 139,000 66,000 Beginning work in process (26% complete) Direct...
Costs Units 40,000 $ 42,000 97,000 $ 139,000 66,000 Beginning work in process (26% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (52% complete) Current period costs Direct materials Conversion cost Total current period costs 88,000 $ 99,000 148,000 $ 247,000 Required: 1 & 2. Using the weighted average method of process costing, complete each of the following steps:...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process....
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 37,000 $ 40,000 87,000 $127,000 70,000 Beginning work in process (28% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (51% complete) Curren period costs Direct materials Conversion cost Total current period costs ? 73,000...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process....
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 48,000 $ 37,000 100,000 $137,000 84,000 Beginning work in process (26% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (51% complete) Current period costs Direct materials Conversion cost Total current period costs 76,000 $...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process....
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 43,000 $ 45,000 86,000 $131,000 Beginning work in process (28% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (55% complete) Current period costs Direct materials Conversion cost Total current period costs 67,000 ? 73,000...
6. The parts department completed work for 5,500 toys. The remaining toy parts were 40 percent...
6. The parts department completed work for 5,500 toys. The remaining toy parts were 40 percent complete. The completed parts were transferred to the assembly department 7. All of the production supplies had been used by the end of 2018 8. Over- or underapplied overhead was closed to the Cost of Goods Sold account Required a. Determine the number of equivalent units of production b. Determine the product cost per equivalent unit c. Calculate the total cost allocated between the...
Perez Plastic Products Company makes a plastic toy using two departments: parts and assembly. The following...
Perez Plastic Products Company makes a plastic toy using two departments: parts and assembly. The following data pertain to the parts department's transactions in 2018: 1. The beginning balance in the Work in Process Inventory account was $12,200. This inventory consisted of parts for 1,000 toys. The beginning balances in the Raw Materials inventory Production Supplies, and Cash accounts were $178,400, $2.000 and $400,000, respectively 2. Direct materials costing $156,200 were issued to the parts department. The materials were sufficient...
Chapter 4: Applying Excel Data Beginning work in process inventory: Units in process 200 Completion with...
Chapter 4: Applying Excel Data Beginning work in process inventory: Units in process 200 Completion with respect to materials 100% Completion with respect to conversion 40% Costs in the beginning work in process inventory: Materials cost $2,000 Conversion cost $800 Units started into production during the period 1,800 Costs added to production during the period: Materials cost $18,400 Conversion cost $38,765 Ending work in process inventory: Units in process 100 Completion with respect to materials 100% Completion with respect to...
PLEASE USE SPREADSHEET PROVIDED AS A GUIDE FOR YOUR ANSWER. Thank you Molton Company had 300...
PLEASE USE SPREADSHEET PROVIDED AS A GUIDE FOR YOUR ANSWER.
Thank you
Molton Company had 300 units of product in work in process inventory at the beginning of the period. It started 1,500 units during the period and transferred 1,200 units to finished goods inventory. The ending work in process inventory was estimated to be 70 percent complete. Cost data for the period follow: Product Costs $28,200 150,000 $178,200 Beginning balance Added during period Total Required Prepare a cost of...
Campbell Company had 300 units of product in work in process inventory at the beginning of the period. It started 1,700 units during the period and transferred 1,500 units to finished goods inventory. The ending work in process inventory was estimated to be 60 percent complete. Cost data for the period follow Product Costs $ 58,200 57,000 $115,200 Beginning balance Added during period Total Required a. Calculate the number of equivalent units of production b. Calculate the product cost per...
Solomon Company had 100 units of product in work in process inventory at the beginning of the period. It started 1,300 units during the period and transferred 1,200 units to finished goods inventory. The ending work in process inventory was estimated to be 7O percent complete. Cost data for the period follow Product Costs Beginning balance Added during periocd $31,640 56,800 $88,440 Total Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent...
Costs Units 40,000 $ 42,000 97,000 $ 139,000 66,000 Beginning work in process (26% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (52% complete) Current period costs Direct materials Conversion cost Total current period costs 88,000 $ 99,000 148,000 $ 247,000 Required: 1 & 2. Using the weighted average method of process costing, complete each of the following steps:...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 37,000 $ 40,000 87,000 $127,000 70,000 Beginning work in process (28% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (51% complete) Curren period costs Direct materials Conversion cost Total current period costs ? 73,000...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 48,000 $ 37,000 100,000 $137,000 84,000 Beginning work in process (26% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (51% complete) Current period costs Direct materials Conversion cost Total current period costs 76,000 $...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 43,000 $ 45,000 86,000 $131,000 Beginning work in process (28% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (55% complete) Current period costs Direct materials Conversion cost Total current period costs 67,000 ? 73,000...
6. The parts department completed work for 5,500 toys. The remaining toy parts were 40 percent complete. The completed parts were transferred to the assembly department 7. All of the production supplies had been used by the end of 2018 8. Over- or underapplied overhead was closed to the Cost of Goods Sold account Required a. Determine the number of equivalent units of production b. Determine the product cost per equivalent unit c. Calculate the total cost allocated between the...
Perez Plastic Products Company makes a plastic toy using two departments: parts and assembly. The following data pertain to the parts department's transactions in 2018: 1. The beginning balance in the Work in Process Inventory account was $12,200. This inventory consisted of parts for 1,000 toys. The beginning balances in the Raw Materials inventory Production Supplies, and Cash accounts were $178,400, $2.000 and $400,000, respectively 2. Direct materials costing $156,200 were issued to the parts department. The materials were sufficient...
PLEASE USE SPREADSHEET PROVIDED AS A GUIDE FOR YOUR ANSWER.
Thank you
Molton Company had 300 units of product in work in process inventory at the beginning of the period. It started 1,500 units during the period and transferred 1,200 units to finished goods inventory. The ending work in process inventory was estimated to be 70 percent complete. Cost data for the period follow: Product Costs $28,200 150,000 $178,200 Beginning balance Added during period Total Required Prepare a cost of...
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