Homework Answers
Equivalent units are the units produced considering the percentage of completion.
Equivalent units helps in determining the material an conversion cost per unit.
As the direct materials are added at the beginning of process , the units in ending work in process will be 100% complete in regards to direct material.
For conversion cost we will use given percentage.
|
Materials |
Conversion Costs |
|||||||||
| Units transferred | Percentage of completion | Ending work in process | Percentage of completion | Total Equivalent Units produced | Units transferred | Percentage of completion | Ending work in process | Percentage of completion | Total Equivalent Units produced | |
| January | 36,500 | 100% | 13,800 | 100% | 50,300[36,500+13,800] |
|
100% | 5,796 |
42% [13,800*42%] |
42,296[36,500+5,796] |
| March |
|
100% | 8,500 | 100% | 54,100[45,600+8,500] |
|
100% | 8,500 | 6,120[8,500*72%] | 51,720[45,600+6,120] |
| July |
|
100% | 17,400 | 100% | 67,500[50,100+17,400] |
|
100% | 17,400 | 3,480[17400*20%] | 53,580[50,100+17,400] |
36,500ANSWER:
| Material | Conversion costs | |
| January | 50,300 | 42,296 |
| March | 54,100 | 51,720 |
| July | 67,500 | 53,580 |
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Brief Exercise 17-4 Goode Company has the following production data for selected months. Beginning Work in...
Goode Company has the following production data for selected months. Ending Work in Process Month Beginning...
Goode Company has the following production data for selected
months.
Ending
Work in Process
Month
Beginning
Work in Process
Units
Transferred Out
Units
% Complete as to
Conversion Cost
January
0
36,800
10,700
42
%
March
0
42,700
8,500
70
July
0
46,300
21,700
21
Compute equivalent units of production for materials and conversion
costs, assuming materials are entered at the beginning of the
process.
Materials
Conversion Costs
January
March
July
Brief Exercise 16-04 Goode Company has the following production data for selected months. Ending Work in...
Brief Exercise 16-04 Goode Company has the following production data for selected months. Ending Work in Process Complete as to Units Conversion Cost Month Beginning Work in Process Units Transferred Out January March July 39,400 41,500 47,100 11,000 8,900 22,000 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process Materials Conversion Costs January March Click if you would like to Show Work for this question: Open Show Work
Goode Company has the following production data for selected months. Compute equivalent units of production for...
Goode Company has the following production data for selected
months.
Compute equivalent units of production for materials and
conversion costs, assuming materials are entered at the beginning
of the process.
Goode Company has the following production data for selected months. Ending Work in Process Beginning Work in Process % Complete as to Conversion Cost Month January March July Units Transferred Out 38,900 42,100 47,000 Units 10,500 8,300 17,700 44 % 72 22 Compute equivalent units of production for materials and...
Goode Company has the following production data for selected months. Ending Work In Process Beginning Units...
Goode Company has the following production data for selected months. Ending Work In Process Beginning Units % Complete as to Month Work in Process Transferred Out Units Conversion Cost January 0 36,100 12,900 40% March 41,200 8,100 75 July 48,900 21,400 25 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July
Brief Exercise 3-4 Goode Company has the following production data for selected months. Ending Work in...
Brief Exercise 3-4 Goode Company has the following production data for selected months. Ending Work in Process Month Beginning Work in Process % Complete as to Conversion Cost January -0- Units Transferred Out 36,300 41,000 46,600 Units 13,500 8,100 20,400 40 % 72 March -0- July -0- 25 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July Click if you would like to...
Question 11 Goode Company has the following production data for selected months. Ending Work in Process...
Question 11 Goode Company has the following production data for selected months. Ending Work in Process Beginning Units % Complete as to Month Work in Process Transferred Out Units January 40,300 10,600 43% March 42,000 8,900 70 July 47,700 20,000 som Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. is conversion costs January March w lila in Chw Work for this actions One Show work
BE16-4 Goode Company has the following production data for sele LOS Ending or 2 Work in...
BE16-4 Goode Company has the following production data for sele LOS Ending or 2 Work in Proc Sbor Beginning a % Complete as to Conversion Cost Month Work in Process f Units Transferred Out 35,000 en 40.0002 45,000 -0- Units 10,000 ,000 16,000 40% January March 8 25 July -0- mos e aindon norma Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process o r Shiloso q lo stados
Please help me with this question on my hmwk assignment. thank you! Goode Company has the...
Please help me with this question on my hmwk assignment. thank
you!
Goode Company has the following production data for selected months. Month January March July Beginning Work in Process 0 0 0 Units Transferred Out 38,600 42,800 49,900 Ending Work in Process % Complete as to Units Conversion Cost 13,400 44 % 8,300 74 19,200 25 Compute equivalent units of production for materials and conversion costs, assuming materials are enter process. Materials Conversion Costs January March July 1
Exercise 21-05 a-b In Sunland Company, materials are entered at the beginning of each process. Work...
Exercise 21-05 a-b In Sunland Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Ending Work in Process Beginning Work in Process Conversion Units Cost% Conversion Month 60 January March May July Units Transferred Out 11,600 12,600 15,100 10,200 Units 1,900 4,100 7,140 1,700 0 Compute the physical units for January...
Weber Company purchases $50,100 of raw materials on account, and it incurs $61,000 of factory labor...
Weber Company purchases $50,100 of raw materials on account, and
it incurs $61,000 of factory labor costs. Supporting records show
that (a) the Assembly Department used $24,100 of raw materials and
$36,000 of the factory labor, and (b) the Finishing Department used
the remainder. Manufacturing overhead is assigned to departments on
the basis of 160% of labor costs.
Journalize the assignment of overhead to the Assembly and Finishing
Departments.
2) Goode Company has the following production data for selected
months....
Goode Company has the following production data for selected
months.
Ending
Work in Process
Month
Beginning
Work in Process
Units
Transferred Out
Units
% Complete as to
Conversion Cost
January
0
36,800
10,700
42
%
March
0
42,700
8,500
70
July
0
46,300
21,700
21
Compute equivalent units of production for materials and conversion
costs, assuming materials are entered at the beginning of the
process.
Materials
Conversion Costs
January
March
July
Brief Exercise 16-04 Goode Company has the following production data for selected months. Ending Work in Process Complete as to Units Conversion Cost Month Beginning Work in Process Units Transferred Out January March July 39,400 41,500 47,100 11,000 8,900 22,000 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process Materials Conversion Costs January March Click if you would like to Show Work for this question: Open Show Work
Goode Company has the following production data for selected
months.
Compute equivalent units of production for materials and
conversion costs, assuming materials are entered at the beginning
of the process.
Goode Company has the following production data for selected months. Ending Work in Process Beginning Work in Process % Complete as to Conversion Cost Month January March July Units Transferred Out 38,900 42,100 47,000 Units 10,500 8,300 17,700 44 % 72 22 Compute equivalent units of production for materials and...
Goode Company has the following production data for selected months. Ending Work In Process Beginning Units % Complete as to Month Work in Process Transferred Out Units Conversion Cost January 0 36,100 12,900 40% March 41,200 8,100 75 July 48,900 21,400 25 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July
Brief Exercise 3-4 Goode Company has the following production data for selected months. Ending Work in Process Month Beginning Work in Process % Complete as to Conversion Cost January -0- Units Transferred Out 36,300 41,000 46,600 Units 13,500 8,100 20,400 40 % 72 March -0- July -0- 25 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July Click if you would like to...
Question 11 Goode Company has the following production data for selected months. Ending Work in Process Beginning Units % Complete as to Month Work in Process Transferred Out Units January 40,300 10,600 43% March 42,000 8,900 70 July 47,700 20,000 som Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. is conversion costs January March w lila in Chw Work for this actions One Show work
BE16-4 Goode Company has the following production data for sele LOS Ending or 2 Work in Proc Sbor Beginning a % Complete as to Conversion Cost Month Work in Process f Units Transferred Out 35,000 en 40.0002 45,000 -0- Units 10,000 ,000 16,000 40% January March 8 25 July -0- mos e aindon norma Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process o r Shiloso q lo stados
Please help me with this question on my hmwk assignment. thank
you!
Goode Company has the following production data for selected months. Month January March July Beginning Work in Process 0 0 0 Units Transferred Out 38,600 42,800 49,900 Ending Work in Process % Complete as to Units Conversion Cost 13,400 44 % 8,300 74 19,200 25 Compute equivalent units of production for materials and conversion costs, assuming materials are enter process. Materials Conversion Costs January March July 1
Exercise 21-05 a-b In Sunland Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Ending Work in Process Beginning Work in Process Conversion Units Cost% Conversion Month 60 January March May July Units Transferred Out 11,600 12,600 15,100 10,200 Units 1,900 4,100 7,140 1,700 0 Compute the physical units for January...
Weber Company purchases $50,100 of raw materials on account, and
it incurs $61,000 of factory labor costs. Supporting records show
that (a) the Assembly Department used $24,100 of raw materials and
$36,000 of the factory labor, and (b) the Finishing Department used
the remainder. Manufacturing overhead is assigned to departments on
the basis of 160% of labor costs.
Journalize the assignment of overhead to the Assembly and Finishing
Departments.
2) Goode Company has the following production data for selected
months....
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