10. David Corporation uses the weighted-average method in its
process costing system. The first processing department, the
Welding Department, started the month with 20,000 units in its
beginning work in process inventory that were 80% complete with
respect to conversion costs. The conversion cost in this beginning
work in process inventory was $123,200. An additional 65,000 units
were started into production during the month. There were 19,000
units in the ending work in process inventory of the Welding
Department that were 10% complete with respect to conversion costs.
A total of $389,250 in conversion costs were incurred in the
department during the month.
What would be the cost per equivalent unit for conversion costs for
the month? (Round off to three decimal places.)
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11. Jimmy Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 9,000 units. The ending work in process inventory is 100% complete with respect to materials and 70% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $3.75 for material and $1.25 for labor and overhead, what is the balance of the ending work in process inventory account?
10) Unit transferred out = 20000+65000-19000 = 66000
Equivalent unit of conversion = 66000+(19000*10%) = 67900
Cost per equivalent unit of conversion = (123200+389250)/67900 = 7.547
11) Cost of ending work in process = (9000*3.75+9000*70%*1.25) = 41625
10. David Corporation uses the weighted-average method in its process costing system. The first processing department,...
David Corporation uses the weighted average method in its process costing system. The first processing department, the Welding Department, started the month with 19,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $139,200. An additional 97.000 units were started into production during the month. There were 19.000 units in the ending work in process inventory of the Welding Department that...
27. David Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 20,000 units in its beginning work in process inventory that were 80% complete with respect to conversion costs The conversion cost in this beginning work in process inventory was $133,200 An additional 85,000 units were started into production during the month. There were 21,000 units in the ending work in process inventory of the Welding Department that...
Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 19,400 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $19,700. An additional 91,000 units were started into production during the month. There were 24,000 units in the ending work in process inventory of the Welding Department that were...
1. Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 19,200 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $19,200. An additional 90,000 units were started into production during the month. There were 23,000 units in the ending work in process inventory of the Welding Department that...
Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 21,200 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $24,200. An additional 100,000 units were started into production during the month. There were 33,000 units in the ending work in process inventory of the Welding Department that were...
Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 21,000 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $23,700. An additional 99,000 units were started into production during the month. There were 32,000 units in the ending work in process inventory of the Welding Department that were...
Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 20,400 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $22,200. An additional 96,000 units were started into production during the month. There were 29,000 units in the ending work in process inventory of the Welding Department that were...
Hache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,300 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $7,720. An additional 89,600 units were started into production during the month and 92,600 units were completed in the Welding Department and transferred to the next processing department. There...
Hache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,550 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $7,920. An additional 90,100 units were started into production during the month and 93,100 units were completed in the Welding Department and transferred to the next processing department. There...
Harker Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 16,000 units in its beginning work in process inventory that were 40% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $29,440. An additional 59,000 units were started into production during the month and 61,000 units were completed in the Welding Department and transferred to the next processing department. There...