Homework Answers
Transfered to next Department 8700
Closing WIP (60% Completed) (5700 * 60%) 3420
Total Unit Allocated 12120
Hence, Equivelent unit of production for the month is 12120.
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A production department's output for the most recent month consisted of 8,700 units completed and transferred...
A production department's output for the most recent month consisted of 8,200 units completed and transferred...
A production department's output for the most recent month consisted of 8,200 units completed and transferred to the next stage of production and 5,200 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
A production department's output for the most recent month consisted of 9,500 units completed and transferred...
A production department's output for the most recent month consisted of 9,500 units completed and transferred to the next stage of production and 6,500 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method. Multiple Choice 8,000 units. 11,250 units. 16,000 units. 6,250 units. 12,750 units.
A production department's output for the most recent month consisted of 14,000 units completed and transferred...
A production department's output for the most recent month consisted of 14,000 units completed and transferred to the next stage of production and 14,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 70% complete with respect to both direct materials and conversion costs. There were 1,800 units in beginning Work in Process inventory, and they were 90% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of...
A production department's output for the most recent month consisted of 18,500 units completed and transferred...
A production department's output for the most recent month consisted of 18,500 units completed and transferred to the next stage of production and 18,500 units in ending Work in Process inventory. The units in ending Work in Process inventory were 65% complete with respect to both direct materials and conversion costs. There were 2,700 units in beginning Work in Process inventory, and they were 85% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of...
1.) A production department's output for the most recent month consisted of 10,000 units completed and...
1.) A production department's output for the most recent month consisted of 10,000 units completed and transferred to the next stage of production and 7,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method. A.)8,500 units. B.)12,000 units. C.)17,000 units. D.)6,500 units. E.)13,500 units. 2.)...
need help with question #2 Multiple Choice Practice 1) A production department's output for the most recent month c...
need help with question #2
Multiple Choice Practice 1) A production department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage of production and 5,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method. A) 6,500 units....
1. Compute the first department's equivalent units of production for materials, labor, and overhead for the...
1. Compute the first department's equivalent units of
production for materials, labor, and overhead for the month.
2. Determine the first department's cost per equivalent unit
for materials, labor, and overhead for the month. (Round your
answers to 2 decimal places.)
Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow. Materials $ 68,600 Labor $30,000 Overhead $ 48,000...
Inventory, May 1 Work in Process-Grinding Department 286,200 Completed and transferred to the Mixing Department 551,030...
Inventory, May 1 Work in Process-Grinding Department 286,200 Completed and transferred to the Mixing Department 551,030 331,442 Materials Conversion Inventory, May 31 points The May 1 work in process inventory consisted of 108,000 pounds with $171,720 in materials cost and $114,480 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 305,000 pounds were started into production. The May 31 inventory consisted of 117,000...
The following info is given in the previous page: Work in process, beginning Units in process.......
The following info is given in the previous page: Work in process, beginning Units in process.... Stage of completion with respect to materials ....... Stage of completion with respect to conversion Costs in the beginning inventory: Materials cost..... Conversion cost 400 70% 90% $1,000 $6,000 9,600 9,200 Units started into production during the month. Units completed and transferred out Costs added to production during the month: Materials cost..... Conversion cost ... $200,000 $300,000 Work in process, ending Units in process...
6) Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted...
6) Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 55,000 units were started in production, and 57,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 35% complete with respect to conversion. (7 points) Solution Beginning inventory Units started in production Units to account for Equivalent Units: Total Material Equivalent Units: Conversion Completed and...
A production department's output for the most recent month consisted of 18,500 units completed and transferred to the next stage of production and 18,500 units in ending Work in Process inventory. The units in ending Work in Process inventory were 65% complete with respect to both direct materials and conversion costs. There were 2,700 units in beginning Work in Process inventory, and they were 85% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of...
need help with question #2
Multiple Choice Practice 1) A production department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage of production and 5,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method. A) 6,500 units....
1. Compute the first department's equivalent units of
production for materials, labor, and overhead for the month.
2. Determine the first department's cost per equivalent unit
for materials, labor, and overhead for the month. (Round your
answers to 2 decimal places.)
Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow. Materials $ 68,600 Labor $30,000 Overhead $ 48,000...
Inventory, May 1 Work in Process-Grinding Department 286,200 Completed and transferred to the Mixing Department 551,030 331,442 Materials Conversion Inventory, May 31 points The May 1 work in process inventory consisted of 108,000 pounds with $171,720 in materials cost and $114,480 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 305,000 pounds were started into production. The May 31 inventory consisted of 117,000...
The following info is given in the previous page: Work in process, beginning Units in process.... Stage of completion with respect to materials ....... Stage of completion with respect to conversion Costs in the beginning inventory: Materials cost..... Conversion cost 400 70% 90% $1,000 $6,000 9,600 9,200 Units started into production during the month. Units completed and transferred out Costs added to production during the month: Materials cost..... Conversion cost ... $200,000 $300,000 Work in process, ending Units in process...
6) Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 55,000 units were started in production, and 57,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 35% complete with respect to conversion. (7 points) Solution Beginning inventory Units started in production Units to account for Equivalent Units: Total Material Equivalent Units: Conversion Completed and...
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