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It is necessary to calculate equivalent units of production in a department because some units worked on in the department are not Fully complete. ( Option B )
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4) It is necessary to calculate equivalent units of production in a department because a. a...
4) It is necessary to calculate equivalent units of production in a department because a. a...
4) It is necessary to calculate equivalent units of production in a department because a. a physical count of units is impossible. b. some units worked on in the department are not fully complete. c. the physical units in the department are always 100% complete. d. at times a department may use a job order cost system and then switch to a process cost system.
Equivalent units of production are calculated because O A. sometimes departments switch from job order costing...
Equivalent units of production are calculated because O A. sometimes departments switch from job order costing to process costing, and must recalculate units. O B. some units in ending work-in-process are incomplete at the end of the period O C. the equivalent cost per unit is used to determine the manufacturing overhead rate. D. the number of equivalent units must always equal the total number of physical units
1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per...
1. Calculate the equivalent units of production
for the forming department.
2. Calculate the costs per equivalent unit of
production for the forming department.
3. Using the weighted-average method, assign costs
to the forming department’s output—specifically, its units
transferred to painting and its ending work in process
inventory.
Required information [The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the...
Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-Average Method [LO4-2, L04-3, L04.4)...
Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-Average Method [LO4-2, L04-3, L04.4) Helix Corporation uses the weighted average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Units 53,000 33,000 Work in process inventory,...
helppp answer all parts plzzz Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to...
helppp answer all parts plzzz
Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-Average Method (LO4-2, LO4-3, LO4-4) Helix Corporation uses the weighted average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Work in...
equivalent units of production Equivalent Units of Production The Converting Department of Hopkinsville Company had 840...
equivalent units of production
Equivalent Units of Production The Converting Department of Hopkinsville Company had 840 units in work in process at the beginning of the period, which were 75% complete. During the period, 17,600 units were completed and transferred to the Packing Department. There were 960 units in process at the end of the period, which were 70% complete. Direct materials are placed into the process at the beginning of production Determine the number of equivalent units of production...
Equivalent Units of Production: Average Cost Method The following information concerns production in the Finishing Department...
Equivalent Units of Production: Average Cost Method The following information concerns production in the Finishing Department for May. The Finishing Department uses the average cost method. ACCOUNT Work in Process—Finishing Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit May 1 Bal., 15,500 units, 70% completed 62,000 31 Direct materials, 76,000 units 185,440 247,440 31 Direct labor 115,000 362,440 31 Factory overhead 116,800 479,240 31 Goods transferred, 80,600 units 461,032 18,208 31 Bal., ? units, 35% completed 18,208 a....
Equivalent units & cost per equivalent units - Weighted Average Method
Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first productiondepartment is added at the beginning of processing in that department. Data for May for the first production department follow:Percent CompleteUnits ...Materials... ConversionWork in process inventory, May 1 6,000 100% 40%Work in process inventory, May 31 11,500 100% 30%________________________________________Materials cost in work in process inventory, May 1 $1,500Conversion cost in work in process inventory, May...
Equivalent Units of Production: Average Cost Method The following information concerns production in the Finishing Department...
Equivalent Units of Production: Average Cost Method The following information concerns production in the Finishing Department for May. The Finishing Department uses the average cost method. ACCOUNT Work in Process—Finishing Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit May 1 Bal., 20,100 units, 80% completed 80,400 31 Direct materials, 98,500 units 240,340 320,740 31 Direct labor 149,000 469,740 31 Factory overhead 151,400 621,140 31 Goods transferred, 104,500 units 597,740 23,400 31 Bal., ? units, 35% completed 23,400 a....
equivalent units of production Fouvent Units Production The Converting Department of Worley Company had 2400 units...
equivalent units of production
Fouvent Units Production The Converting Department of Worley Company had 2400 units in work in process the beginning of the period, which were complete. During the period, 10.300 units were completed and transferred to the Padang Department. There were 1.500 units in process at the end of the period, which were complete. Direct materials are placed into the process at the beginning of production Determine the number of equivalent units of production with respect to direct...
4) It is necessary to calculate equivalent units of production in a department because a. a physical count of units is impossible. b. some units worked on in the department are not fully complete. c. the physical units in the department are always 100% complete. d. at times a department may use a job order cost system and then switch to a process cost system.
Equivalent units of production are calculated because O A. sometimes departments switch from job order costing to process costing, and must recalculate units. O B. some units in ending work-in-process are incomplete at the end of the period O C. the equivalent cost per unit is used to determine the manufacturing overhead rate. D. the number of equivalent units must always equal the total number of physical units
1. Calculate the equivalent units of production
for the forming department.
2. Calculate the costs per equivalent unit of
production for the forming department.
3. Using the weighted-average method, assign costs
to the forming department’s output—specifically, its units
transferred to painting and its ending work in process
inventory.
Required information [The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the...
Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-Average Method [LO4-2, L04-3, L04.4) Helix Corporation uses the weighted average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Units 53,000 33,000 Work in process inventory,...
helppp answer all parts plzzz
Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-Average Method (LO4-2, LO4-3, LO4-4) Helix Corporation uses the weighted average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Work in...
equivalent units of production
Equivalent Units of Production The Converting Department of Hopkinsville Company had 840 units in work in process at the beginning of the period, which were 75% complete. During the period, 17,600 units were completed and transferred to the Packing Department. There were 960 units in process at the end of the period, which were 70% complete. Direct materials are placed into the process at the beginning of production Determine the number of equivalent units of production...
equivalent units of production
Fouvent Units Production The Converting Department of Worley Company had 2400 units in work in process the beginning of the period, which were complete. During the period, 10.300 units were completed and transferred to the Padang Department. There were 1.500 units in process at the end of the period, which were complete. Direct materials are placed into the process at the beginning of production Determine the number of equivalent units of production with respect to direct...
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