Homework Answers
| Flow of physical units and compute of equivalent unit | |||||
| Particulars | Equivalent units | ||||
| Flow of physical unit | |||||
| Beginning work in process nov 1 | 202000 | ||||
| production started during nov | 990000 | ||||
| total physical unit to account for | 1192000 | ||||
| Flow of physical unit & computation of equivalent unit | |||||
| Particulars | Equivalent unit | ||||
| Particulars | Flow of physical unit | Direct material | Conversion cost | ||
| Completed & transferred during nov | 1040000 | 1040000 | 1040000 | ||
| 1192000-152000 | |||||
| ending work in process nov 30 | 152000 | 114000 | 136800 | ||
| 152000*75% | 152000*90% | ||||
| total equivalent unit | 1192000 | 1154000 | 1176800 | ||
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Conversion Costs PhysicalDirect Materials Units (% complete) (% complete) 202,000 Ending work in process..152,000 Units started...
Units Materials Conversion Work in process inventory, beginning 10,000 $5,700 $20,400 Units started in process 90,000...
Units Materials Conversion Work in process inventory, beginning 10,000 $5,700 $20,400 Units started in process 90,000 Units transferred out 84,000 Work in process inventory, ending 8,000 Costs added during the month $52,800 $76,400 The beginning work in process inventory was 80% complete with respect to materials and 60% complete for Conversion. The ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to conversion costs. 5) What are the equivalent units for Materials...
Data for Pureform, Inc. are as follows: ending work in process, 8,000 units; units started, 45,000....
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Data for Pureform, Inc. are as follows: ending work in process, 8,000 units; units started, 45,000....
Data for Pureform, Inc. are as follows: ending work in process, 8,000 units; units started, 45,000. Beginning work in process contains 5,000 units with the following costs: $4,320 for materials, $2,830 for conversion costs. Additional costs incurred during the period are $52,800 for materials, and $53,750 for conversion costs. Assume Pureform adds all materials at the beginning of the process, and incurs conversion costs uniformly throughout the production process. (T of F) If ending work in process is 75% complete...
Mora Company has the following production data for March: no beginning work in process, 33,500 units started and completed, and 4,960 units in ending work in process that are 100% complete for materials and 40% complete for conversion costs. Mora uses the
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Given the following information, determine the equivalent units of ending work in process for materials and...
Given the following information, determine the equivalent units of ending work in process for materials and conversion under the weighted average method: • beginning inventory of 2,400 units is 100% complete with regard to materials and 60% complete with regard to conversion • 19,000 units were started during the period • 18,600 units were completed and transferred • ending inventory is 100% complete with materials and 65% complete with conversion Equivalent units of ending work in process for Materials Equivalent...
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$125,000 Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost...
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Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and...
Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and Transferred Out 95,000 Work-In-Process, Ending ? 60% 20% Work-In-Process, Beginning $22,600 $16,600 Costs added during period $133,400 $81,400 Using the weighted average process costing method what is the ending work-in-process physical units? Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and Transferred Out 95,000 Work-In-Process, Ending ? 60% 20% Work-In-Process, Beginning $22,600 $16,600 Costs added during period...
Swifty Company manufactures basketball Materials are deathe production process and conversion costs incurred ory...
Swifty Company manufactures basketball Materials are deathe production process and conversion costs incurred ory Production and cost data for the northet 2020 Production Data Basketballs Work in process units, July 1 Units stated into production Work in process units, fly 31 CostDataBasketball 560 Work in process, July 1 Materials Conversion costs Direct materials Direct labor Marutacturing overhead Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units Calculate the unit costs of production for...
Data for Pureform, Inc. are as follows: ending work in process, 8,000 units; units started, 45,000. Beginning work in process contains 5,000 units with the following costs: $4,320 for materials, $2,830 for conversion costs. Additional costs incurred during the period are $52,800 for materials, and $53,750 for conversion costs. Assume Pureform adds all materials at the beginning of the process, and incurs conversion costs uniformly throughout the production process. (T of F) If ending work in process is 75% complete...
Given the following information, determine the equivalent units of ending work in process for materials and conversion under the weighted average method: • beginning inventory of 2,400 units is 100% complete with regard to materials and 60% complete with regard to conversion • 19,000 units were started during the period • 18,600 units were completed and transferred • ending inventory is 100% complete with materials and 65% complete with conversion Equivalent units of ending work in process for Materials Equivalent...
Beginning work in process Units started Units completed Ending work in process Spoilage 17,500 units 67,500 units 64,000 units 17,500 units 3,500 units Beginning work in process direct materials Beginning work in process conversion Direct materials added during month Total costs incurred during month $14,875 $2,450 $63,325 $94,400 Beginning work in process was half complete as to conversion. Direct materials are added at the beginning of the process. Factory overhead is applied at a rate equal to 70% of direct...
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Swifty Company manufactures basketball Materials are deathe production process and conversion costs incurred ory Production and cost data for the northet 2020 Production Data Basketballs Work in process units, July 1 Units stated into production Work in process units, fly 31 CostDataBasketball 560 Work in process, July 1 Materials Conversion costs Direct materials Direct labor Marutacturing overhead Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units Calculate the unit costs of production for...
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