Homework Answers
1) Physical unit account for = 70000+30000 = 100000 Units
2) Equivalent unit
| Direct material-EUP | Conversion-EUP | |
| Unit transferred out | 70000 | 70000 |
| Ending WIP | 30000 | 30000*30% = 9000 |
| Equivalent unit | 100000 | 79000 |
3) Cost per equivalent unit of material = 190000+80000/100000 = 2.7
Cost per equivalent unit of conversion = 13000+137100/79000 = 1.9
Cost of unit transferred out = (2.7+1.9)*70000 = 322000
4) Cost of ending inventory = (30000*2.7+9000*1.9) = 98100
Add Answer to:
Section 3 (20 points) The Assembly Department uses a process cost accounting system and a weighted...
Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost...
Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the month of...
Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost...
Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the month of...
Coca-Cola uses a process cost accounting system and a weighted-average cost flow assumption. The department adds...
Coca-Cola uses a process cost accounting system and a weighted-average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80,000 of materials costs and $13,000 of conversion costs. (20 pts) Other data for the month of July are as...
sum Section 3 (20 points) The Assembly Department uses a uning womanda weighted average on flow...
sum Section 3 (20 points) The Assembly Department uses a uning womanda weighted average on flow assumption. The department adds materiais beginning of the pro n ours conversion costs uniformly throughout the proc During w $100.000 of materials and $137,100 in conversion costs were charged to the department. The beginning work inventory was $93,000 on July 1. comprised of SBO,000 of materials costs and $13.000 GA conversion costs. Other data for the month of July are as follows: Beginning work...
The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion...
The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion costs uniformly throughout the process. During May, $200,000 of materials costs and $95,000 in conversion costs were charged to the department. The beginning Work in Process inventory was $63,000 on May 1, comprised of $40,000 of materials costs and $23,000 of conversion costs. The company employs the FIFO method of process costing. Other data for the month of May are as follows: Beginning Work...
17. (16 points) The Hacking Department uses a process cost accounting system and a weighted-average During...
17. (16 points) The Hacking Department uses a process cost accounting system and a weighted-average During June, $205,000 of direct materials costs and $165,000 in conversion cost flow assumption. costs were charged to the department. The beginning work in process inventory was $98,000 on June 1, comprised of $65,000 of direct materials costs and $33,000 of conversion costs. Other data for the month of June Beginning work in process inventory, 6/1 Units completed and transferred out Ending work in process...
DBD0 8 D = Home Insert Mailings Review View Design Layout References 11 - A- A...
DBD0 8 D = Home Insert Mailings Review View Design Layout References 11 - A- A A I U .abe X, X? A. A A B 4. Coca-Cola uses a process cost accounting system and a weighted-average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July $190,000 of materials costs and $137,100 in conversion costs were charged to the department The beginning work in process inventory...
1. Darden Corporation uses the weighted-average method in its process costing system. The first processing department,...
1. Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 19,200 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $19,200. An additional 90,000 units were started into production during the month. There were 23,000 units in the ending work in process inventory of the Welding Department that...
1. The Richmond Corporation uses the weighted-average method in its process costing system. The company has...
1. The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 21,200 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $3.55 for materials and $5.05 for labor and overhead, the total...
Mogyardy's Hot Sauce uses a process costing system to determine its product's cost. The last of...
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...
Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the month of...
Ex. 169 The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $137,100 in conversion costs were charged to the department. The beginning work in process inventory was $93,000 on July 1, comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the month of...
sum Section 3 (20 points) The Assembly Department uses a uning womanda weighted average on flow assumption. The department adds materiais beginning of the pro n ours conversion costs uniformly throughout the proc During w $100.000 of materials and $137,100 in conversion costs were charged to the department. The beginning work inventory was $93,000 on July 1. comprised of SBO,000 of materials costs and $13.000 GA conversion costs. Other data for the month of July are as follows: Beginning work...
17. (16 points) The Hacking Department uses a process cost accounting system and a weighted-average During June, $205,000 of direct materials costs and $165,000 in conversion cost flow assumption. costs were charged to the department. The beginning work in process inventory was $98,000 on June 1, comprised of $65,000 of direct materials costs and $33,000 of conversion costs. Other data for the month of June Beginning work in process inventory, 6/1 Units completed and transferred out Ending work in process...
DBD0 8 D = Home Insert Mailings Review View Design Layout References 11 - A- A A I U .abe X, X? A. A A B 4. Coca-Cola uses a process cost accounting system and a weighted-average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July $190,000 of materials costs and $137,100 in conversion costs were charged to the department The beginning work in process inventory...
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...
Most questions answered within 3 hours.
-
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 51 minutes ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 1 hour ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 1 hour ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 1 hour ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 2 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 2 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 5 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 6 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 6 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 6 hours ago -
When a metal rod is heated, not only its resistance but also its
length and crossâsectional...
asked 6 hours ago -
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 6 hours ago