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AB Process Costing Weighted average method, equivalent units The assembly division of Quality Time Pieces, Inc....
Process Costing e Weighted average method, equivalent units The assembly division of Quality Time Pleces, Inc....
Process Costing e Weighted average method, equivalent units The assembly division of Quality Time Pleces, Inc. uses the weighted average method of process costing. Consider the following data for the month of May 2017: Direct Materials $459,888 Physical Units (Watches) 100 510 450 160 Conversion Costs $142,570 $3,237,000 $1,916,000 Beginning work in process (May 1) Started in May 2017 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 Degree of completion: Direct materials...
The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing Consider...
The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing Consider the following data for the month of May 2017: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule Enter the physical units in first, then calculate the equivalent units. Physical Units Equivalent Units Direct Conversion Materials Costs Flow of Production Work in process, beginning Started during...
The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing. Consider...
The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017 (Click the icon to view the data.) Requirent Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule Enter ysical units in first, then calculate the equivalent units Equivalent Units Physical Conversion Direct Flow of Production Units Costs Materials in process, beginning Wo Started during current...
E17-26 (book/static) The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing. Co...
E17-26 (book/static) The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017 !!! (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units. Physical Data Table Units Conversion Costs $142,570 Flow of Production Work in process, beginning...
The assembly division of Walton Time Pieces, Inc. uses the weighted-average method of process costing. Consider...
The assembly division of Walton Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of May 2017: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units first, then calculate the equivalent units. Data Table Physical Flow of Production Units Conversion Work in process beginning Costs $83,200 Started during current period...
PLEASE FILL IN THE REMAINING BLUE CELLS WITH AN EXPLANATION OF THE CALCULATIONS Total Production Costs...
PLEASE FILL IN THE REMAINING BLUE CELLS WITH AN
EXPLANATION OF THE CALCULATIONS
Total Production Costs
Direct Materials
Conversion Costs
Work in
process, beginning
$602,458
$459,888
$142,570
Costs
added in current period
$5,153,000
$3,237,000
$1,916,000
Total
costs to account for
$5,755,458
$3,696,888
$2,058,570
Costs
added in current period
$3,237,000
$1,916,000
Divide
by: equivalent units of work done in current period
498
479
Cost per
equivalent unit of work done in current period
$6,500
$4,000
Assignment of costs:
Completed and transferred...
The assembly division of Walton Time Pieces, Inc. uses the weighted average method of process costing....
The assembly division of Walton Time Pieces, Inc. uses the weighted average method of process costing. Consider the following data for the month of May 2017: E (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Read the requirement. Begin by summarizing the total costs to account for. i Data Table Conversion Total Production Costs Direct Materials Costs Conversion Costs $71,250 Total costs to account for Physical Units Direct (Watches) Materials Beginning work...
The assembly division of Cannett Watches, Inc. uses the weighted average method of process costing. Cons...
The assembly division of Cannett Watches, Inc. uses the weighted average method of process costing. Cons der the following data for the month of May 2017: BE: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units first, then calculate the equivalent units. Equivalent Units Physical Units Direct Materials Conversion Costs i X Data Table - Flow of Production...
The assembly division of Walton Time Pieces, Inc. uses the weighted average method of process costing....
The assembly division of Walton Time Pieces, Inc. uses the weighted average method of process costing. Consider the following data for the month of May 2017: (Click the icon to view the data.) 3 (Click the icon to view the equivalent unit computation.) Read the requirement. Begin by summarizing the total costs to account for. Reference Work in process, beginning Total Direct Conversion Production Costs Materials Costs 503,750 $ 432,500 $ 71,250 4,620,000 3,225,000 1,395,000 5,123,750 $ 3,657,500 $ 1,466,250...
The assembly division of Fenton Watches, Inc. uses the FIFO method of process costing. Consider the...
The assembly division of Fenton Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017 EEB (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units Equivalent Units Physical Units Direct Conversion Flow of Productio Materials Costs Work in process, beginning Started during...
Process Costing e Weighted average method, equivalent units The assembly division of Quality Time Pleces, Inc. uses the weighted average method of process costing. Consider the following data for the month of May 2017: Direct Materials $459,888 Physical Units (Watches) 100 510 450 160 Conversion Costs $142,570 $3,237,000 $1,916,000 Beginning work in process (May 1) Started in May 2017 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 Degree of completion: Direct materials...
The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing Consider the following data for the month of May 2017: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule Enter the physical units in first, then calculate the equivalent units. Physical Units Equivalent Units Direct Conversion Materials Costs Flow of Production Work in process, beginning Started during...
The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017 (Click the icon to view the data.) Requirent Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule Enter ysical units in first, then calculate the equivalent units Equivalent Units Physical Conversion Direct Flow of Production Units Costs Materials in process, beginning Wo Started during current...
E17-26 (book/static) The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017 !!! (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units. Physical Data Table Units Conversion Costs $142,570 Flow of Production Work in process, beginning...
The assembly division of Walton Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of May 2017: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units first, then calculate the equivalent units. Data Table Physical Flow of Production Units Conversion Work in process beginning Costs $83,200 Started during current period...
PLEASE FILL IN THE REMAINING BLUE CELLS WITH AN
EXPLANATION OF THE CALCULATIONS
Total Production Costs
Direct Materials
Conversion Costs
Work in
process, beginning
$602,458
$459,888
$142,570
Costs
added in current period
$5,153,000
$3,237,000
$1,916,000
Total
costs to account for
$5,755,458
$3,696,888
$2,058,570
Costs
added in current period
$3,237,000
$1,916,000
Divide
by: equivalent units of work done in current period
498
479
Cost per
equivalent unit of work done in current period
$6,500
$4,000
Assignment of costs:
Completed and transferred...
The assembly division of Walton Time Pieces, Inc. uses the weighted average method of process costing. Consider the following data for the month of May 2017: E (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Read the requirement. Begin by summarizing the total costs to account for. i Data Table Conversion Total Production Costs Direct Materials Costs Conversion Costs $71,250 Total costs to account for Physical Units Direct (Watches) Materials Beginning work...
The assembly division of Cannett Watches, Inc. uses the weighted average method of process costing. Cons der the following data for the month of May 2017: BE: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units first, then calculate the equivalent units. Equivalent Units Physical Units Direct Materials Conversion Costs i X Data Table - Flow of Production...
The assembly division of Walton Time Pieces, Inc. uses the weighted average method of process costing. Consider the following data for the month of May 2017: (Click the icon to view the data.) 3 (Click the icon to view the equivalent unit computation.) Read the requirement. Begin by summarizing the total costs to account for. Reference Work in process, beginning Total Direct Conversion Production Costs Materials Costs 503,750 $ 432,500 $ 71,250 4,620,000 3,225,000 1,395,000 5,123,750 $ 3,657,500 $ 1,466,250...
The assembly division of Fenton Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017 EEB (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units Equivalent Units Physical Units Direct Conversion Flow of Productio Materials Costs Work in process, beginning Started during...
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