The Assembly Department for Right pens has the following production data for the current month.
Materials are entered at the beginning of the process. The ending work in process units are 70% complete as to conversion costs.
Compute the equivalent units of production for (a) materials and (b) conversion costs.
Materials | Conversion costs | |
The equivalent units of production | 30,000 | 27,000 |
Calculations and explanations:
(a): Equivalent units of production for materials = 20,000+10,000 = 30,000
This is because the materials are entered at the beginning of the process.
(b): Equivalent units of production for conversion costs = 20,000+(70% of 10,000) = 20,000+7,000
= 27,000
The Assembly Department for Right pens has the following production data for the current month.
The Assembly Department for Right pens has the following production data for the current month. BeginningWork in Process UnitsTransferred Out EndingWork in Process 0 18,000 10,000 Materials are entered at the beginning of the process. The ending work in process units are 70% complete as to conversion costs.Compute the equivalent units of production for (a) materials and (b) conversion costs.
The Assembly Department for Right pens has the following production data for the current month. Materials are entered at the beginning of the process. The ending work in process units are 56% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs.
The Assembly Department for Right pens has the following production data for the current month. Beginning Work in Process Units Transferred Out Ending Work in Process –0– 24,500 13,000 Materials are entered at the beginning of the process. The ending work in process units are 57% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs. Materials Conversion costs The equivalent units of production enter a number of the equivalent units of...
Department for Rightpens has the following production data for the current month, Beginning Units Ending Work in Process Transferred Out Work in Process 17.000 18,000 Materials are entered at the beginning of the process. The ending work in process units are 57% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs. Materials Conversion costs The equivalent units of production
The Smelting Department of Kiner Company has the following
production and cost data for November.
Production: Beginning work in process 3,700 units that are
100% complete as to materials and 29% complete as to conversion
costs; units transferred out 9,300 units; and ending work in
process 9,100 units that are 100% complete as to materials and 40%
complete as to conversion costs.
Compute the equivalent units of production for (a) materials and
(b) conversion costs for the month of November....
Weber Company purchases $50,100 of raw materials on account, and
it incurs $61,000 of factory labor costs. Supporting records show
that (a) the Assembly Department used $24,100 of raw materials and
$36,000 of the factory labor, and (b) the Finishing Department used
the remainder. Manufacturing overhead is assigned to departments on
the basis of 160% of labor costs.
Journalize the assignment of overhead to the Assembly and Finishing
Departments.
2) Goode Company has the following production data for selected
months....
The Smelting Department of Kiner Company has the following production and cost data for November.Production: Beginning work in process 2,800 units that are 100% complete as to materials and 29% complete as to conversion costs; units transferred out 9,700 units; and ending work in process 8,200 units that are 100% complete as to materials and 44% complete as to conversion costs.Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November. ...
-/1 Current Attempt in Progress The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,580 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 45,500; ending inventory of 5,200 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $21,400 of materials and $57,620 of...
Goode Company has the following production data for selected
months.
Ending
Work in Process
Month
Beginning
Work in Process
Units
Transferred Out
Units
% Complete as to
Conversion Cost
January
0
36,800
10,700
42
%
March
0
42,700
8,500
70
July
0
46,300
21,700
21
Compute equivalent units of production for materials and conversion
costs, assuming materials are entered at the beginning of the
process.
Materials
Conversion Costs
January
March
July
The Blending Department of Luongo Company has the following cost and production data for the month of April. $111,000 77,700 Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April $188,700 $888,000 405,150 $1,293,150 Units transferred out totaled 18,870. Ending work in process was 1,110 units that are 100% complete as to materials and 40%...