Answers
Physical Units |
Physical Units |
||
Beginning Units |
134,000 |
Units completed |
210,000 |
Units started |
228,000 |
Ending Units |
152,000 |
Total Units |
362,000 |
Total Units |
362,000 |
Physical Units |
Direct Material - Equivalent unit |
Conversion - Equivalnet unit |
|
Beginning Inventory |
134,000 |
- |
100,500 |
Started and completed |
76,000 |
76,000 |
76,000 |
Ending Inventory |
152,000 |
152,000 |
15,200 |
Total |
228,000 |
228,000 |
191,700 |
Direct materials |
Conversion |
|
Cost per EU |
$ 1.90351 |
$ 2.56651 |
[($434000 / 228000)] |
[($492000 / 191700)] |
Prior Period |
Direct materials |
Conversion |
Total Cost |
|
Beginning Inventory |
$650,000 |
$0 |
$257,934 |
$907,934 |
Started and completed |
$0 |
$144,667 |
$195,055 |
$339,722 |
Ending Inventory |
$0 |
$289,334 |
$39,011 |
$328,344 |
Total Cost accounted for |
$650,000 |
$434,000 |
$492,000 |
$1,576,000 |
Mirada Company manufactures handheld calculators and has the following information available for the month of July:...
Mirada Company manufactures handheld calculators and has the following information available for the month of July: Work in process, May 1 (100% complete for July, 25% for conversion) Direct materials Conversion cost $ $ 126,000 units 240,000 394,000 Number of units started 220,000 units July costs Direct materials Conversion cost $ $ 426,000 484,000 Work in process, July 31 (100% complete for materials, 10% for conversion) 144,000 units Required: Using the weighted average method of process costing, complete each of...
Mirada Company manufactures handheld calculators and has the following information available for the month of July: Work in process, May 1 (100% complete for July, 25% for conversion) Direct materials Conversion cost $ $ 126,000 units 240,000 394,000 Number of units started 220,000 units July costs Direct materials Conversion cost $ $ 426,000 484,000 Work in process, July 31 (100% complete for materials, 10% for conversion) 144,000 units Required: Using the weighted average method of process costing, complete each of...
Arboles Company manufactures pencils and has the following information available for the month of July: Work in process, May 1 (100% complete for July, 60% for conversion) 75,000 units $5,000 $17,500 Direct materials Number of units started 100,000 units July costs $ 6,500 $ 24,000 Direct materials Work in process, July 31 (100% complete for materials, 10% for conversion) 70,000 units Required Using the FIFO method of process costing, complete each of the following steps 1. Reconcile the number of...
e-Built Problems Required information (The following information applies to the questions displayed below) Mirada Company manufactures handheld calculators and has the following information available for the month of July. Work in process, July 1 (100% complete for materials, 25% for conversion) Direct materials Conversion cost 124,000 units $ 238,000 $ 392,000 Number of units started 218,000 units July costs Direct materials Conversion cost $ 424,000 $ 482,000 Work in process, July 31 (100% complete for materials, 10% for conversion) 142,000...
Legacy Company manufactures umbrellas and has the following information available for the month of May Work in process, May 1 (100% complete for materials, 86% for conversion) Direct materials Conversion cost 78,000 units $131,000 $176,000 Number of units started 183,000 units May costs Direct materials Conversion cost $200,000 $377,000 Work in process, May 31 (100% complete for materials, 22% for conversion) 57,000 units Required: Using the weighted-average method of process costing, complete each the following steps: 1. Reconcile the number...
Silver Company manufactures kites and has the following information available for the month of April: 52,000 units $ 80,000 $ 110,000 Work in process, April 1 (188% complete for materials, 40% for conversion) Direct materials Conversion cost Number of units started April costs Direct materials Conversion cost 158,000 units $ 226,000 $ 336,000 Work in process, April 30 (100% complete for materials, 20% for conversion) 80,000 units Required: Using the weighted-average method, complete each of the following steps: 1. Reconcile...
Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (100% complete for materials, 40% for conversion) 44,000 units Direct materials $ 72,000 Conversion cost $ 102,000 Number of units started 150,000 units April costs Direct materials $ 218,000 Conversion cost $ 328,000 Work in process, April 30 (100% complete for materials, 20% for conversion) 76,000 units Required: Using the weighted-average method, complete each of the following steps: 2. Calculate...
Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units Beginning inventory of 3,300 units that are 100 percent complete for materials and 24 percent complete for conversion. 15,000 units started during the period. Ending inventory of 3,400 units that are 13 percent complete for conversion. Manufacturing Costs Beginning inventory was $21,100 ($10,400 materials and $10,700 conversion costs). Costs added during the month were $29,500...
Required information [The following information applies to the questions displayed below.] Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Units Costs Beginning work in process (30% complete) 127,800 Direct materials $ 182,000 Conversion cost 334,000 Total cost of beginning work in process $ 516,000 Number of units started 233,000 Number of units completed and transferred to finished goods 333,800...
[The following information applies to the questions displayed below.] Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Units Costs Beginning work in process (30% complete) 121,300 Direct materials $ 199,000 Conversion cost 351,000 Total cost of beginning work in process $ 550,000 Number of units started 250,000 Number of units completed and transferred to finished goods 335,500 Ending work...