Homework Answers
Requirement 1
|
Particulars |
January |
May |
|
Units to be accounted for |
||
|
Beginning work in process |
0 |
0 |
|
Sent into production (11000 + 2000 , 14000 +7000) |
13000 |
21000 |
|
Total Units to be accounted for |
13000 |
21000 |
|
Units accounted for |
||
|
Transferred out |
11000 |
14000 |
|
Ending work in process |
2000 |
7000 |
|
Total Units to be accounted for |
13000 |
21000 |
Requirement 2
|
Month |
Materials |
Conversion costs |
|
|
January |
|||
|
Transferred out |
11000 |
11000 |
|
|
Ending work in process |
2000 |
1200 |
2000X60% |
|
Total for January |
13000 |
12200 |
|
|
March |
|||
|
Transferred out |
12000 |
12000 |
|
|
Ending work in process |
3000 |
900 |
3000X30% |
|
Total for March |
15000 |
12900 |
|
|
May |
|||
|
Transferred out |
14000 |
14000 |
|
|
Ending work in process |
7000 |
5600 |
7000X80% |
|
Total for May |
21000 |
19600 |
|
|
July |
|||
|
Transferred out |
10000 |
10000 |
|
|
Ending work in process |
1500 |
600 |
1500X40% |
|
Total for July |
11500 |
10600 |
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Instructions Journalize the transactions. (Omit explanations.) E3.5 (LO 3,...
please typed no hand written thank you structions a. Compute the physical units for January and...
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structions a. Compute the physical units for January and May. b. Compute the equivalent units of production for (1) materials and (2) conversion costs for each month E3.6 (LO 3. 4), AP The Cutting Department of Cassel Company has the following production and cost data for July Determine equivalent units, unit costs, and assignment of costs. Production Costs 1. Transferred out 12,000 units. Beginning work in process $ -0- 2. Started 3.000 units...
please typed no hand written thank you Instructions Journalize the April transactions. E3.3 (LO 2. 3....
please typed no hand written thank you
Instructions Journalize the April transactions. E3.3 (LO 2. 3. 4), AP The ledger of American Company has the following work in process account Answer questions on costs and production 5/1 5/31 5/31 5/31 5/31 Balance Materials Labor Overhead Balance Work in Process-Painting 3,590 5/31 Transferred out 5,160 2,530 1,380 Production records show that there were 400 units in the beginning inventory, 30% complete, 1,600 units started, and 1.700 units transferred out. The beginning...
Exer E3-5 Th Shady Company, materials are entered at the beginning of each process. process inventories,...
Exer E3-5 Th Shady Company, materials are entered at the beginning of each process. process inventories, with the percentage of work done on conversion cos and equivalent u production. and produc- for its Sterilizing Department in selected months during 2017 are as follows. (LO 3, 4), AP Beginning Work in Process Ending Work in Process Conversion Units Month Units Cost% Cost Transferred Out Units January0 March May July 1,000 14,000 10,000 3,000 7,000 1,500 30 80 40 Instructions (a) Compute...
please typed no hand written thank you Prepare a production cost report. E3.8 (LO 3. 4),...
please typed no hand written thank you
Prepare a production cost report. E3.8 (LO 3. 4), AP The Blending Department of Luongo Company has the following cost and production data for the month of April. Determine equivalent units, unit costs, and assignment of costs. Costs: Work in process, April 1 Direct materials: 100% complete $100,000 Conversion costs: 20% complete 70.000 Cost of work in process, April 1 $170,000 Costs incurred during production in April Direct materials $ 800,000 Conversion costs...
Exercise 3-5 (Video) In Shady Company, materials are entered at the beginning of each process. Work...
Exercise 3-5 (Video) In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Work in Process Ending Work in Process Month Units Conversion Cost% Units Transferred Out Units Conversion Cost% January 0 — 11,000 2,000 60 March 0 — 12,000 3,000 30 May 0 — 14,000 7,000 80 July...
mul Mchine hours were Cutting 1.680 and 7. Transferred good & Transferred goodscos sferred goods costing...
mul Mchine hours were Cutting 1.680 and 7. Transferred good & Transferred goodscos sferred goods costing 567,600 from the Cutting Department to the Assembly Department sferred goods costing $134,900 from Assembly to Finished Goods. Sold goods costing $150,000 for $200,000 on account Instructions sumalize the transactions. (Omit explanations.) 53.5 (LO 3, 4), AP In Sh. HO 3, 4), AP In Shady Company, materials are entered at the beginning of each process. Work in s inventories, with the percentage of work...
Exercise 3-5 (Video) In Shady Company, materials are entered at the beginning of each process. Work...
Exercise 3-5 (Video) In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Work in Process Ending Work in Process Month Units Conversion Cost% Units Transferred Out Conversion Cost% Units January 67 1,800 3,400 March 35 12,100 12,300 14,500 12,000 May ooo 7,290 80 July 2,300 41 Compute the...
In Shady Company, materials are entered at the beginning of each process. Work in process inventories,...
In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Ending Work in Process Beginning Work in Process Conversion Units Cost% Units Transferred Out Month Units Conversion Cost% January March May July 11,800 13,600 15,700 10,500 2,400 4,500 7,360 2,200 Compute the physical units for January and May. January May...
Exercise 16-05 In Shady Company, materials are entered at the beginning of each process. Work in...
Exercise 16-05 In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Work in Process Conversion Units Cost% 0 Month Units Transferred Out Ending Work in Process Conversion Units Cost% 1,800 67 3,400 35 January March 0 12,100 12,300 14,500 12,000 May 0 80 7,290 2,300 July 0 41...
CALCULATOR PULL SCREEN PRINTER VERSION « BACK NEXT Exercise 3-5 (Video) In Shady Company, materials are...
CALCULATOR PULL SCREEN PRINTER VERSION « BACK NEXT Exercise 3-5 (Video) In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Ending Work in Process Work In Process Conversion Units Conversion Month Units Cost% Transferred Out Units Cost% January 0 3,000 69 March 0 12,200 4,200 33 15,600 7,620...
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structions a. Compute the physical units for January and May. b. Compute the equivalent units of production for (1) materials and (2) conversion costs for each month E3.6 (LO 3. 4), AP The Cutting Department of Cassel Company has the following production and cost data for July Determine equivalent units, unit costs, and assignment of costs. Production Costs 1. Transferred out 12,000 units. Beginning work in process $ -0- 2. Started 3.000 units...
please typed no hand written thank you
Instructions Journalize the April transactions. E3.3 (LO 2. 3. 4), AP The ledger of American Company has the following work in process account Answer questions on costs and production 5/1 5/31 5/31 5/31 5/31 Balance Materials Labor Overhead Balance Work in Process-Painting 3,590 5/31 Transferred out 5,160 2,530 1,380 Production records show that there were 400 units in the beginning inventory, 30% complete, 1,600 units started, and 1.700 units transferred out. The beginning...
Exer E3-5 Th Shady Company, materials are entered at the beginning of each process. process inventories, with the percentage of work done on conversion cos and equivalent u production. and produc- for its Sterilizing Department in selected months during 2017 are as follows. (LO 3, 4), AP Beginning Work in Process Ending Work in Process Conversion Units Month Units Cost% Cost Transferred Out Units January0 March May July 1,000 14,000 10,000 3,000 7,000 1,500 30 80 40 Instructions (a) Compute...
please typed no hand written thank you
Prepare a production cost report. E3.8 (LO 3. 4), AP The Blending Department of Luongo Company has the following cost and production data for the month of April. Determine equivalent units, unit costs, and assignment of costs. Costs: Work in process, April 1 Direct materials: 100% complete $100,000 Conversion costs: 20% complete 70.000 Cost of work in process, April 1 $170,000 Costs incurred during production in April Direct materials $ 800,000 Conversion costs...
mul Mchine hours were Cutting 1.680 and 7. Transferred good & Transferred goodscos sferred goods costing 567,600 from the Cutting Department to the Assembly Department sferred goods costing $134,900 from Assembly to Finished Goods. Sold goods costing $150,000 for $200,000 on account Instructions sumalize the transactions. (Omit explanations.) 53.5 (LO 3, 4), AP In Sh. HO 3, 4), AP In Shady Company, materials are entered at the beginning of each process. Work in s inventories, with the percentage of work...
Exercise 3-5 (Video) In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Work in Process Ending Work in Process Month Units Conversion Cost% Units Transferred Out Conversion Cost% Units January 67 1,800 3,400 March 35 12,100 12,300 14,500 12,000 May ooo 7,290 80 July 2,300 41 Compute the...
In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Ending Work in Process Beginning Work in Process Conversion Units Cost% Units Transferred Out Month Units Conversion Cost% January March May July 11,800 13,600 15,700 10,500 2,400 4,500 7,360 2,200 Compute the physical units for January and May. January May...
Exercise 16-05 In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Work in Process Conversion Units Cost% 0 Month Units Transferred Out Ending Work in Process Conversion Units Cost% 1,800 67 3,400 35 January March 0 12,100 12,300 14,500 12,000 May 0 80 7,290 2,300 July 0 41...
CALCULATOR PULL SCREEN PRINTER VERSION « BACK NEXT Exercise 3-5 (Video) In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Ending Work in Process Work In Process Conversion Units Conversion Month Units Cost% Transferred Out Units Cost% January 0 3,000 69 March 0 12,200 4,200 33 15,600 7,620...
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