Homework Answers
Weighted-Average Method
a. STEP 1 STEP
2
Physical Units
Equivalent Units
Flow of Production
DM CC
WIP Beginning (given) 180
Started during period (given)
280
To account for 460
Completed during current period (given)
240 3200 3200
WIP Ending* (10% complete) 170
170 17
Accounted for 410
Equivalent Units
3370 3217
Costs Total Production Cost
DM CC
STEP 3 WIP BI (given) $2,10,000
$1,02,000 $1,08,000
Cost added (given) 4,85,000
2,41,000 2,44,000
To account for $6,95,000
$3,43,000 $3,52,000
STEP 4 Cost Incurred
$3,43,000 $3,52,000
(Divided by) Equivalent Units
3370 3217
Cost per EU $211 $102
$109
STEP 5 Assignment of costs
(STEP 2*4) (STEP 2*4)
Completed and TO (3200 units) $6,75,837
$3,25,697 $3,50,140
WIP EI 19,163
17,303 1,860
Total Cost accounted for $6,95,000
$3,43,000 $3,52,000
b. Journal Entries:
Work in Process $2,41,000
Materials Inventory
$2,41,000
Finished Goods $6,75,837
Work in Process
$6,75,837
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Question 2 0/33.4 pts Four Seasons Company makes snow blowers. 100% of the materials are added...
1.)Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of...
1.)Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 30% complete with respect to conversion costs and the ending inventory is 70% complete with respect to conversion costs. Normal spoilage is 10% of units transferred out Other data for the month include: Beginning WIP...
1. Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning...
1. Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 30% complete with respect to conversion costs and the ending inventory is 70% complete with respect to conversion costs. Other data for the month include: Beginning WIP inventory 180 units Units transferred out 290...
0/12.5 pts Question 4 Four Seasons Company makes snow blowers. 100% of the materials are added...
0/12.5 pts Question 4 Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 80% complete with respect to conversion costs and the ending inventory is 10% complete with respect to conversion costs. Other data for the month include: Beginning WIP inventory 210 units Units...
Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and...
Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,000 units 2,500 units 2,500 units Beginning work-in-process inventory Units started Units completed and placed in finished goods Cost added during the period Cost of direct materials...
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process...
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,500 units 2,000 units 3,000 units Beginning work-in-process inventory Units started Units completed and placed in finished goods Cost added during the period Cost of direct...
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process...
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,500 2,000 3,000 Beginning work-in-process inventory units Units started units Units completed and placed in finished goods units Cost added during the period Cost of direct...
Please hand work on paper. Four Seasons Company makes snow blowers. Materials are added at the...
Please hand work on paper.
Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,000 units 2,500 units 2,500 units Beginning work-in-process inventory Units started Units completed and placed in finished goods Cost added during the...
* 7 Four Seasons Company makes snow blowers. Materials are added at the beginning of the...
* 7 Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incured. At the beginning of September, work- in-process is 40Na complete and at the end of the month it is 60% complete. Other data for the month include: Beginning work-in-process inventory Units started Units placed in finished goods 1600 units 2000 units 3200 units Conversion costs Cost of direct materials $260 (O Beginning work-in-process costs: Materials Conversion $154...
please make everything clear and show all thr steps 3) Four Seasons Company makes snow blowers....
please make everything clear and show all thr steps
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,500 2,000 3,000 Beginning work-in-process inventory units Units started units Units completed and placed in finished goods...
Four Seasons Company makes show blowers. Materials are added at the beginning of the process and...
Four Seasons Company makes show blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, work in process is 40% complete and at the end of the month it is 60% complete. Other data for the month include: Beginning work-in-process inventory Units started Units placed in finished goods 1,600 units 2,000 units 3,200 units $200,000 $260,000 Conversion costs Cost of direct materials Beginning work-in-process costs: Materials Conversion $154,000 $...
0/12.5 pts Question 4 Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 80% complete with respect to conversion costs and the ending inventory is 10% complete with respect to conversion costs. Other data for the month include: Beginning WIP inventory 210 units Units...
Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,000 units 2,500 units 2,500 units Beginning work-in-process inventory Units started Units completed and placed in finished goods Cost added during the period Cost of direct materials...
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,500 units 2,000 units 3,000 units Beginning work-in-process inventory Units started Units completed and placed in finished goods Cost added during the period Cost of direct...
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,500 2,000 3,000 Beginning work-in-process inventory units Units started units Units completed and placed in finished goods units Cost added during the period Cost of direct...
Please hand work on paper.
Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,000 units 2,500 units 2,500 units Beginning work-in-process inventory Units started Units completed and placed in finished goods Cost added during the...
* 7 Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incured. At the beginning of September, work- in-process is 40Na complete and at the end of the month it is 60% complete. Other data for the month include: Beginning work-in-process inventory Units started Units placed in finished goods 1600 units 2000 units 3200 units Conversion costs Cost of direct materials $260 (O Beginning work-in-process costs: Materials Conversion $154...
please make everything clear and show all thr steps
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,500 2,000 3,000 Beginning work-in-process inventory units Units started units Units completed and placed in finished goods...
Four Seasons Company makes show blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, work in process is 40% complete and at the end of the month it is 60% complete. Other data for the month include: Beginning work-in-process inventory Units started Units placed in finished goods 1,600 units 2,000 units 3,200 units $200,000 $260,000 Conversion costs Cost of direct materials Beginning work-in-process costs: Materials Conversion $154,000 $...
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