Homework Answers
| Opening WIP | $20,000 |
| Total Cost added to WIP | $50,000 |
| Cost accounted from | $70,000 |
| Less:Closing WIP | $29,000 |
| Cost of WIP completed | $41,000 |
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Beginning of Jan. End of Jan. work in process. 20000 29000 in January, total costs added...
Materials are added at the beginning of a production process, and ending work in process inventory...
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...
Assume the following information Milline Deporte Cost of beginning work in process mentary Costs added during...
Assume the following information Milline Deporte Cost of beginning work in process mentary Costs added during the period Total cost Materials Conversion Total $10,000 $ 15,000 $25,000 . 676,00 $191,00 5400,000 $701,600 Assume the equivalent units of production forms and conversion are 5.200 and 5.000, respectively, the weighted average method 400 units were completed and transferred to the next department, then what is the total cost of the ending work in process inventory in the Ming Departe о O 536200...
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials...
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials 33000 inventory Ending work in process inventory 54000 Ending raw materials inventory 17000 Raw materials purchased 850000 Direct labor 440000 Manufacturing overhead 100000 How much is Sheffield's cost of goods manufactured for the year? $866000 $1408000 $1404000 $1406000 O O Crane Company reported the following year-end information: Beginning work in process $32000 inventory Beginning raw materials inventory 14000 Ending work in process inventory 34000...
Department Shad no work in process at the beginning of the period. It added 12,000 units...
Department Shad no work in process at the beginning of the period. It added 12,000 units of direct materials during the period at a cost of $84,000; 9,000 units were completed during the period; and 3,000 units were 24% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $52,900 and factory overhead was $9,000. The total conversion costs for the period were $61,900 $43,900...
Department S had no work in process at the beginning of the period. It added 12,600...
Department S had no work in process at the beginning of the period. It added 12,600 units of direct materials during the period at a cost of $88,200; 9,450 units were completed during the period; and 3,150 units were 40% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $56,300 and factory overhead was $9,600. The total conversion costs for the period were a....
Department S had no work in process at the beginning of the period. It added 12,000...
Department S had no work in process at the beginning of the period. It added 12,000 units of direct materials during the period at a cost of $84,000; 9,000 units were completed during the period; and 3,000 units were 30% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $49,500 and factory overhead was $9,900. The total conversion costs for the period were a.$49,500...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied (60% complete at the end of the month). WIP beginning 0 units, $0 Units started 122,500 units Units completed 116,700 units Costs of materials added $382,720 Costs of conversion added $275,790 a. Calculate equivalent units for direct materials and conversion costs. b. Calculate the cost per unit of direct materials and cost per unit of conversion costs. c. What is the...
Department S had no work in process at the beginning of the period. It added 10,000...
Department S had no work in process at the beginning of the period. It added 10,000 units of direct materials during the period at a cost of $80,000. During the period, 7,500 units were completed, and 2,500 units were 45% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $51,750, and factory overhead was $24,150. The total cost of units completed during the period...
Department S had no work in process at the beginning of the period. It added 10,000...
Department S had no work in process at the beginning of the period. It added 10,000 units of direct materials during the period at a cost of $80,000. During the period, 7,500 units were completed, and 2,500 units were 45% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $51,750, and factory overhead was $24,150. The total cost of units completed during the period...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs added during the period Divided by: EUP this period Cost per equivalent unit Costs accounted for: Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Requirement 2. Joumalize all transactions affecting the Mixing Department during March, including...
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...
Assume the following information Milline Deporte Cost of beginning work in process mentary Costs added during the period Total cost Materials Conversion Total $10,000 $ 15,000 $25,000 . 676,00 $191,00 5400,000 $701,600 Assume the equivalent units of production forms and conversion are 5.200 and 5.000, respectively, the weighted average method 400 units were completed and transferred to the next department, then what is the total cost of the ending work in process inventory in the Ming Departe о O 536200...
Sheffield Corp. reported the following year-end information: Beginning work in process $56000 inventory Beginning raw materials 33000 inventory Ending work in process inventory 54000 Ending raw materials inventory 17000 Raw materials purchased 850000 Direct labor 440000 Manufacturing overhead 100000 How much is Sheffield's cost of goods manufactured for the year? $866000 $1408000 $1404000 $1406000 O O Crane Company reported the following year-end information: Beginning work in process $32000 inventory Beginning raw materials inventory 14000 Ending work in process inventory 34000...
Department Shad no work in process at the beginning of the period. It added 12,000 units of direct materials during the period at a cost of $84,000; 9,000 units were completed during the period; and 3,000 units were 24% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $52,900 and factory overhead was $9,000. The total conversion costs for the period were $61,900 $43,900...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs added during the period Divided by: EUP this period Cost per equivalent unit Costs accounted for: Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Requirement 2. Joumalize all transactions affecting the Mixing Department during March, including...
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