Total conversion costs = $10,900 + $12,950 + $24,200 =
$48,050
Flow of production | Direct materials | Conversion costs |
Beginning work in process | $0 | $0 |
Plus: Cost added during May | $180,000 | $48,050 |
Total costs to accounted for | $180,000 | $48,050 |
Divided by total equivalent units | 230,000 | 213,000 |
Cost per equivalent unit | $0.78 | $0.23 |
Pure Springs produces pou w Preprostheses Conversion cost added only thout the process ng May where...
ALP Springs wil l be of the process Pure Springsproces prebied wat Pure S c h w estore the warnings and then the water through two process wondo Conversions are assed evenly throughout the process Dung May the robion process incurred the following costs in processing 230 000 tors Cho the controw the coch) con to view and a data) Complete Skeps and do the process costing procedure S Round the per que no ha decimal t ocosts to acco...
Cold Springs produces premium bottled water. Cold Springs purchases artesian water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling. At Cold Springs, water is added at the beginning of the filtration process. Conversion costs are added evenly throughout the process. During May, the filtration process incurred the following costs in processing 250,000 liters: .: (Click the icon to view the costs.) (Click the icon to view additional data.) Complete Steps 3...
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High Springs produces premium bottled water. High Springs purchases artesian water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling High Springs, water is added at the beginning of the fitration process. Conversion costs are added evenly throughout the process, and in May, 125,000 liters have been completed and transferred out of the Filtration Department into the Bottling Department. The 115,000 liters remaining in the Filtration Department's ending work in process inventory...
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Mogyardy's Hot Sauce uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging Department reported the following information for the month of July: F: (Click the icon to view the reported information for July.) The units in ending work in process inventory were 70% complete with respect to direct materials but only 40% complete with respect to conversion. Requirement Summarize the flow of physical units and compute output in terms...
BlumhoffBlumhoff's Packaging Department had the following information at May 31. All direct materials are added at the end of the conversion process. The units in ending work in process inventory were only 28% of the way through the conversion process. Complete the schedule by computing the total equivalent units of direct materials and conversion costs for the month. Completed and transferred out 111,000 Plus: Ending work in process, May 31 9,200 Total physical units accounted for 120,200
viel A Data Table ng the Conversion Costs $96,800 Deging Physical Units Direct (Watches) Materials Beginning work in process (May 1) 105 $480,800 Started in May 2017 485 Completed during May 2017 445 Ending work in process (May 31) 145 Total costs added during May 2017 $3.190.000 Degree of completion direct materials, 80%, conversion costs, 35% Degree of completion direct materials 60%, conversion costs, 20% urrent $1,420.000 ount for Print Done i Reference X Physical Units Equivalent Units Direct Conversion...
n's Color Co.follow for May 2018: nd cost data.) Work-in-Process Inventory was 75% complete for materials and 25% complete for conversion costs. The Heating Department ending Work-in-Process ir mpany uses the weight 0 Data Table Mixing Department Heating Department nits of production for dir below for the Mixing De Color Co. -Mixing Department nded May 31 3,000 Units to account for: Beginning work-in-process, April 30 Started in May Transferred in during May 30,000 70,000 80,000 83,000 100,000 Physical Units Dire...
method of process casting Consider the following data for the month of May 2012 The assembly division of Fenton Watches Inc. uses the EIE (Click the icon to view the data. A Data Table Requirement Compute equivalent units for direct Conversion Costs $96,550 Flow of Product Nork in process, beginning Started during current period Physical Units Direct (Watches) Materials Beginning work in process (May 1) 60 $521,450 Started in May 2014 485 Completed during May 2014 455 Ending work in...