Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company’s...
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company’s Assembly Department for the month of June.
| Materials | Conversion | ||||||
| Cost per equivalent unit | $ | 26.30 | $ | 29.10 | |||
| Equivalent units in ending work in process | 830 | 325 | |||||
During the month, 6,600 units were completed and transferred from the Assembly Department to the next department.
Required:
Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method. (Round your answers to 2 decimal places.)
|
Homework Answers
| Direct Materials | Conversion | ||
| Cost of ending work in process inventory | $ 21,829.00 | $ 9,457.50 | |
| Cost of units completed and transferred out | $ 173,580.00 | $ 192,060.00 | |
| Explanation: | |||
| Cost of ending work in process inventory (Direct Materials) 830 Units × $26.30 = $21,829 | |||
| Cost of ending work in process inventory (Conversion) 325 Units × $29.10 = $9,457.50 | |||
| Units Completed & Transferred Out (Direct Materials) 6,600 Units × $26.3 = $173,580 | |||
| Units Completed & Transferred Out (Conversion) 6,600 Units × $29.10 = $192,060 | |||
Add Answer to:
Hutchcroft Corporation uses the weighted-average method in its
process costing. The following data concern the company’s...
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company’s...
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company’s Assembly Department for the month of June. Materials Conversion Cost per equivalent unit $ 31.80 $ 34.60 Equivalent units in ending work in process 1,380 600 During the month, 7,700 units were completed and transferred from the Assembly Department to the next department. Required: Determine the cost of ending work in process inventory and the cost of units transferred out of the department during...
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company's...
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. Cost per equivalent unit Equivalent units in ending work in process Materials $ 29.30 1,130 Conversion $ 32.10 475 During the month, 7,200 units were completed and transferred from the Assembly Department to the next department. Required: Determine the cost of ending work in process inventory and the cost of units transferred out of the department during...
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company's...
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. Cost per equivalent unit Equivalent units in ending work in process Materials $ 28.80 1,080 Conversion $ 31.60 450 During the month, 7,100 units were completed and transferred from the Assembly Department to the next department Required: Determine the cost of ending work in process inventory and the cost of units transferred out of the department during...
Hutchcroft Corporation uses the weighted average method in its process costing
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.MaterialsConversionCost per equivalent unit$27.30$30.10Equivalent units in ending work in process930375During the month, 6,800 units were completed and transferred from the Assembly Department to the next department.Required:Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using th. weighted-average method. (Round your answers to 2 decimal places.)MaterialsConversionCost of...
38 Hutchcroft Corporation uses the weighted average method in its process costing. The following data cancer...
38 Hutchcroft Corporation uses the weighted average method in its process costing. The following data cancer the company's Assembly Department for the month of June. Cost peregailent unit ivalent units in ending work in process $32.10 B points During the month.7.200 units were completed and transferred from the Assembly Department to the next department Required: Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted average...
No results > Options mi Swed Help Save & E Hutchcroft Corporation uses the weighted average...
No results > Options mi Swed Help Save & E Hutchcroft Corporation uses the weighted average method in its process costing. The following data concern the companys Assembly Department for the month of June. Cost per equivalent unit Equivalent units in ending work in process Materials Conversion $33.30 $36.10 1,530 675 During the month, 8,000 units were completed and transferred from the Assembly Department to the next department. Required: Determine the cost of ending work in process inventory and the...
1) 2) 3) Mccabe Corporation uses the weighted average method in its process costing. The following...
1)
2)
3)
Mccabe Corporation uses the weighted average method in its process costing. The following data pertain to its Assembly Department for September Percent Complete Units Materials Conversion 2,400 55% 10% 9.800 Work in process, September 1 Units started into production during September Units completed during September and transferred to the next department Work in process, September 30 8,900 3,300 75% 25% Required: Compute the equivalent units of production for both materials and conversion costs for the Assembly Department...
Saved Help Save & E Suer Hutchcroft Corporation uses the weighted average method in its process...
Saved Help Save & E Suer Hutchcroft Corporation uses the weighted average method in its process costing. The following data concern the company's Assembly Department for the month of June. Cost per equivalent unit Equivalent units in ending work in process Materials $ 27.30 939 Conversion $ 30.10 375 During the month, 6,800 units were completed and transferred from the Assembly Department to the next department 2:49 Required: Determine the cost of ending work in process inventory and the cost...
Bachelet Inc. uses the weighted-average method in its process costing system. The following data concern the...
Bachelet Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. 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: 400 90% 40% Materials cost Conversion Cost $756 $4,448 Units started into production during the month Units completed and transferred out 13,000 13,300 Costs added to production...
Avignon Inc. uses the weighted-average method in its process costing system. The following data concern the...
Avignon Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process.................................................. 900 Percent complete with respect to materials........ 90% Percent complete with respect to conversion..... 20% Costs in the beginning inventory: Materials cost..................................................... $6,768 Conversion cost.................................................. $3,186 Units started into production during the month.... 10,000 Units completed and transferred out..................... 10,100 Costs added to production during...
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. Cost per equivalent unit Equivalent units in ending work in process Materials $ 29.30 1,130 Conversion $ 32.10 475 During the month, 7,200 units were completed and transferred from the Assembly Department to the next department. Required: Determine the cost of ending work in process inventory and the cost of units transferred out of the department during...
Hutchcroft Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. Cost per equivalent unit Equivalent units in ending work in process Materials $ 28.80 1,080 Conversion $ 31.60 450 During the month, 7,100 units were completed and transferred from the Assembly Department to the next department Required: Determine the cost of ending work in process inventory and the cost of units transferred out of the department during...
38 Hutchcroft Corporation uses the weighted average method in its process costing. The following data cancer the company's Assembly Department for the month of June. Cost peregailent unit ivalent units in ending work in process $32.10 B points During the month.7.200 units were completed and transferred from the Assembly Department to the next department Required: Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted average...
No results > Options mi Swed Help Save & E Hutchcroft Corporation uses the weighted average method in its process costing. The following data concern the companys Assembly Department for the month of June. Cost per equivalent unit Equivalent units in ending work in process Materials Conversion $33.30 $36.10 1,530 675 During the month, 8,000 units were completed and transferred from the Assembly Department to the next department. Required: Determine the cost of ending work in process inventory and the...
1)
2)
3)
Mccabe Corporation uses the weighted average method in its process costing. The following data pertain to its Assembly Department for September Percent Complete Units Materials Conversion 2,400 55% 10% 9.800 Work in process, September 1 Units started into production during September Units completed during September and transferred to the next department Work in process, September 30 8,900 3,300 75% 25% Required: Compute the equivalent units of production for both materials and conversion costs for the Assembly Department...
Saved Help Save & E Suer Hutchcroft Corporation uses the weighted average method in its process costing. The following data concern the company's Assembly Department for the month of June. Cost per equivalent unit Equivalent units in ending work in process Materials $ 27.30 939 Conversion $ 30.10 375 During the month, 6,800 units were completed and transferred from the Assembly Department to the next department 2:49 Required: Determine the cost of ending work in process inventory and the cost...
Bachelet Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. 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: 400 90% 40% Materials cost Conversion Cost $756 $4,448 Units started into production during the month Units completed and transferred out 13,000 13,300 Costs added to production...
Most questions answered within 3 hours.
-
1.
A hemophiliac male mates with a healthy female. what are the
possible genotypes for the...
asked 14 minutes ago -
You could argue that even though Rockefeller clearly had
enormous market power (90% of the market)...
asked 29 minutes ago -
At the beginning of the year, Palermo Brothers, Inc., purchased
a new plastic water bottle making...
asked 28 minutes ago -
Calculate the change in the Gibbs energy of the system for the
following processes: a) 6.0...
asked 17 minutes ago -
After reading the Primary Care scenario in the Allied Health
Community, what could have been implemented...
asked 22 minutes ago -
A solution is prepared by dissolving 11.60 g of a mixture of
sodium carbonate and sodium...
asked 27 minutes ago -
1. Mini Case Study: Suppose that, in the future, most jobs will
be bid upon by...
asked 29 minutes ago -
Plantinga argues for the view that there is no solution to the
problem of moral evil....
asked 24 minutes ago -
For this Discussion, you examine a case study of
hearing-impaired children who developed their own language...
asked 29 minutes ago -
The moment of inertia of a disk rotating about its axis of
symmetry is Icm=1/2MR^2
The...
asked 36 minutes ago -
When using a relational database what makes data
formatting so important and critical to the functions...
asked 47 minutes ago -
The following temperatures show the (fictional) daily low
measured at O'Hare airport every January 1st from...
asked 1 hour ago