Beginning Work-in-Process is 4,300 units; 48,600 units completed, and ending Work-in-Process is 3,850 units, which are 100% complete for direct materials and 50% complete for conversion costs. The beginning WIP Inventory is 100% complete for direct materials and 50% complete for conversion.
What are the equivalent units for materials and conversion using the FIFO method?
Keep in mind this is just the FIFO method; I already figured out the Weighted average method.
Please comment for any queries... Thank you!!!
Beginning Work-in-Process is 4,300 units; 48,600 units completed, and ending Work-in-Process is 3,850 units, which are...
Satina Corporation's Department A has the following information: % Completed Costs Beginning Work in Process: 6,000 Units Direct Materials 100 $43,708 Conversion 40 $35,550 New Units Started: 28,000 units Direct Materials $112,000 Conversion $88,200 Ending Work in Process: 2,000 units Direct Materials 100 Conversion 50 Required: Complete the table below using the weighted-average and FIFO methods Weighted-Average Equivalent Units FIFO Equivalent Units Physical Units Materials Conversion Materials Conversion Beginning WIP Units Started To account for Units Finished Ending WIP Total...
Beginning work in process Units started Units completed Ending work in process Spoilage 17,500 units 67,500 units 64,000 units 17,500 units 3,500 units Beginning work in process direct materials Beginning work in process conversion Direct materials added during month Total costs incurred during month $14,875 $2,450 $63,325 $94,400 Beginning work in process was half complete as to conversion. Direct materials are added at the beginning of the process. Factory overhead is applied at a rate equal to 70% of direct...
Given the following information, determine the equivalent units of ending work in process for materials and conversion under the weighted average method: • beginning inventory of 2,400 units is 100% complete with regard to materials and 60% complete with regard to conversion • 19,000 units were started during the period • 18,600 units were completed and transferred • ending inventory is 100% complete with materials and 65% complete with conversion Equivalent units of ending work in process for Materials Equivalent...
Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: All materials are added at the beginning of the process. Beginning work in process had 81,400 units, 30 percent complete with respect to conversion costs. Ending work in process had 12,100 units, 25 percent complete with respect to conversion costs. Started in process, 110,000 units. Required: 1....
March 1, 201, Dorchester Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 19,500 units were started and completed. Dorchester also started but did not complete 7,500 units. These units remained in ending WIP inventory and were 70% complete as to conversion costs. Dorchester...
March 1, 201, Dorchester Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 12,500 units were started and completed. Dorchester also started but did not complete 9,500 units. These units remained in ending WIP inventory and were 60% complete as to conversion costs....
March 1, 201, Dorchester Company's beginning work in process inventory had 10,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 19,500 units were started and completed. Dorchester also started but did not complete 5,500 units. These units remained in ending WIP inventory and were 70% complete as to conversion costs....
March 1, 201, Dorchester Company's beginning work in process inventory had 7,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 16,500 units were started and completed. Dorchester also started but did not complete 10,500 units. These units remained in ending WIP inventory and were 40% complete as to conversion costs. Dorchester...
Materials are added at the beginning of a production process, and ending work in process inventory is 20% complete with respect to conversion costs. Use the information provided to complete a production cost report using the weighted average method. Costs to Account For Beginning inventory materials $9.000 Beg i nventory conversion 20.000 Direct material 58.600 Direct labor 74.000 Applied overhead 34520 Total costs to account for $196,120 Units to Account For Beginning work in process 5.000 Units started into production...
March 1, 201, Dorchester Company's beginning work in process inventory had 5,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 19,500 units were started and completed. Dorchester also started but did not complete 7,500 units. These units remained in ending WIP inventory and were 70% complete as to conversion costs. Dorchester...