8. Paxton Corporation uses the weighted-average method in its
process costing system. The Molding Department is the second
department in its production process. The data below summarize the
department's operations in January.
The accounting records indicate that the conversion cost that had
been assigned to beginning work in process inventory was $10,973
and a total of $268,107 in conversion costs were incurred in the
department during January.
What was the cost per equivalent unit for conversion costs for
January in the Molding Department? (Round off to three decimal
places.)
_________________________________________________________________
9. Barnett Corporation uses the weighted-average method in its
process costing system. The company adds materials at the beginning
of the process in Department M. Conversion costs were 75% complete
with respect to the 4,000 units in work in process at May 1 and 50%
complete with respect to the 6,000 units in work in process at May
31. During May, 12,000 units were completed and transferred to the
next department. An analysis of the costs relating to work in
process at May 1 and to production activity for May follows:
The total cost per equivalent unit for May was:
Homework Answers
8)
Equivalent units = Completed units + (Ending units X % of completion)
= 50,300 + (9,400 X 20%)
= 52,180
Total conversion cost = $10,973 + $268,107 = $279,080
Cost per equivalent unit for conversion cost = $279,080 / 52,180 = $5.348
9)
Equivalent units:
Material = 12,000 + 6,000 = 18,000
Conversion cost = 12,000 + (6,000 X 50%) = 15,000
Total cost:
Material = $13,800 + $42,000 = $55,800
Conversion cost = $3,740 + $26,260 = $30,000
Cost per equivalent unit:
Material = $55,800 / 18,000 = $3.10
Conversion cost = $30,000 / 15,000 = $2
Total cost per equivalent unit = $3.10 + $2 = $5.10
Add Answer to:
8. Paxton Corporation uses the weighted-average method in its
process costing system. The Molding Department is...
Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the...
Paceheco Corporation uses the
weighted-average method in its process costing system. The Molding
Department is the second department in its production process. The
data below summarize the department’s operations in January. Units
Percent Complete with Respect to Conversion Beginning work in
process inventory 5,200 70 % Transferred in from the prior
department during January 59,100 Completed and transferred to the
next department during January 56,900 Ending work in process
inventory 7,400 40 % The accounting records indicate that the
conversion...
Barnett Corporation uses the weighted-average method in its process costing system. The company adds materials at...
Barnett Corporation uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in Department M. Conversion costs were 75% complete with respect to the 4,000 units in work in process at May 1 and 50% complete with respect to the 6,000 units in work in process at May 31. During May, 12,000 units were completed and transferred to the next department. An analysis of the costs relating to work in process...
Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the...
Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department’s operations in January. Units Percent Complete with Respect to Conversion Beginning work in process inventory 5,550 70 % Transferred in from the prior department during January 59,450 Completed and transferred to the next department during January 57,250 Ending work in process inventory 7,750 40 % The accounting records indicate that the conversion...
ABC Corporation uses the weighted-average method in its process costing system. The Molding Department is the...
ABC Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Percent Complete with Units Respect to Conversion Beginning work in process inventory 5,100 70% Transferred in from the prior department during January 59,000 Completed and transferred to the next department during January 56,800 Ending work in process inventory 7,300 40% The accounting records indicate that the conversion cost that...
Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the...
Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department’s operations in January. Units Percent Complete with Respect to Conversion Beginning work in process inventory 5,850 70 % Transferred in from the prior department during January 59,750 Completed and transferred to the next department during January 57,550 Ending work in process inventory 8,050 40 % The accounting records indicate that the conversion...
Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the...
Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department’s operations in January. Units Percent Complete with Respect to Conversion Beginning work in process inventory 5,600 70% Transferred in from the prior department during January 59,500 Completed and transferred to the next department during January 57,300 Ending work in process inventory 7,800 40% The accounting records indicate that the conversion cost that...
Paceheco Corporation uses the weighted average method in its process costing system. The Molding Department is...
Paceheco Corporation uses the weighted average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Percent Complete with Respect to Conversion 70% Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory Units 5,900 59,800 57,600 8,100 40% The accounting records indicate that the conversion cost...
Paceheco Corporation uses the weighted average method in its process costing system. The Molding Department is...
Paceheco Corporation uses the weighted average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department operations in January Percent Complete with Respect to Conversion Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory 6,85e 59,950 57,750 8,250 40% The accounting records indicate that the conversion cost that had...
Corporation uses the weighted average method in its process costing system. The Molding Department is the...
Corporation uses the weighted average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January Percent Complete Respect to Conversion Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory Units 8,000 66,800 8,200 BOX The Molding Department's cost per equivalent unit for conversion cost for cary...
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Corporation uses the weighted-average method in its process costing system. The Molding it is the second department in its production process. The data below summarize the department's in January Percent Complete with Respect to Conversion 70% ing work in process inventory erred in from the prior department during January ted and transferred to the next department during January work in process inventory Units 5,700 59,600 57,400 7,900 40% nting records indicate that the conversion cost that had been assigned to...
Paceheco Corporation uses the
weighted-average method in its process costing system. The Molding
Department is the second department in its production process. The
data below summarize the department’s operations in January. Units
Percent Complete with Respect to Conversion Beginning work in
process inventory 5,200 70 % Transferred in from the prior
department during January 59,100 Completed and transferred to the
next department during January 56,900 Ending work in process
inventory 7,400 40 % The accounting records indicate that the
conversion...
ABC Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Percent Complete with Units Respect to Conversion Beginning work in process inventory 5,100 70% Transferred in from the prior department during January 59,000 Completed and transferred to the next department during January 56,800 Ending work in process inventory 7,300 40% The accounting records indicate that the conversion cost that...
Paceheco Corporation uses the weighted average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Percent Complete with Respect to Conversion 70% Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory Units 5,900 59,800 57,600 8,100 40% The accounting records indicate that the conversion cost...
Paceheco Corporation uses the weighted average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department operations in January Percent Complete with Respect to Conversion Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory 6,85e 59,950 57,750 8,250 40% The accounting records indicate that the conversion cost that had...
Corporation uses the weighted average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January Percent Complete Respect to Conversion Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory Units 8,000 66,800 8,200 BOX The Molding Department's cost per equivalent unit for conversion cost for cary...
Corporation uses the weighted-average method in its process costing system. The Molding it is the second department in its production process. The data below summarize the department's in January Percent Complete with Respect to Conversion 70% ing work in process inventory erred in from the prior department during January ted and transferred to the next department during January work in process inventory Units 5,700 59,600 57,400 7,900 40% nting records indicate that the conversion cost that had been assigned to...
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