Homework Answers
Answer:
| Computation of Equivalent units | |||
| Particulars | Physical Units | Equivalent units | |
| Material | Conversion | ||
| Work in Process, beginning | 24,000 | ||
| Started during the current period | 59,000 | ||
| Total units to account for | 83,000 | ||
| Units accounted for: | |||
| Unit completed & Transferred out | 68,000 | 68,000 | 68,000 |
| Closing WIP: | 15,000 | ||
| Material (100%) | 15,000 | ||
| Conversion (45%)(15000*.45) | 6,750 | ||
| Equivalent units of production | 83,000 | 83,000 | 74,750 |
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During April, the production department of a process manufacturing
system completed a number of units of a product transferred them to
finished goods. these transferred units, 60, 00 were in process in
the production department at the beginning of April and 240.000
were started and completed in April. April's beginning inventory
units were 60% complete with respect to materials and 40% complete
with respect to conversion. At the end of April, 82,000 additional
units were in process in the production...
Victory Company uses a weighted-average process costing to account for its production costs. Required information [The...
Victory Company uses a weighted-average process costing to account
for its production costs.
Required information [The following information applies to the questions displayed below) Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 700,000 units of product to finished goods. At the end of November, the work in process inventory consists of 180,000...
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added...
Victory Company uses weighted-average process costing to
account for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the process. During November, the company transferred 700,000
units of product to finished goods. At the end of November, the
work in process inventory consists of 180,000 units that are 30%
complete with respect to conversion. Beginning inventory had
$420,000 of direct materials and $139,000 of conversion cost. The
direct material cost...
I need help with my assignment please.. Exercise 3-4 Weighted average: Equivalent units computed LO C2...
I need help with my assignment please..
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During April, the production department of a process manufacturing
system completed a number of units of a product transferred them to
finished goods. these transferred units, 60, 00 were in process in
the production department at the beginning of April and 240.000
were started and completed in April. April's beginning inventory
units were 60% complete with respect to materials and 40% complete
with respect to conversion. At the end of April, 82,000 additional
units were in process in the production...
Victory Company uses a weighted-average process costing to account
for its production costs.
Required information [The following information applies to the questions displayed below) Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 700,000 units of product to finished goods. At the end of November, the work in process inventory consists of 180,000...
Victory Company uses weighted-average process costing to
account for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the process. During November, the company transferred 700,000
units of product to finished goods. At the end of November, the
work in process inventory consists of 180,000 units that are 30%
complete with respect to conversion. Beginning inventory had
$420,000 of direct materials and $139,000 of conversion cost. The
direct material cost...
I need help with my assignment please..
Exercise 3-4 Weighted average: Equivalent units computed LO C2 The production department in a process manufacturing system completed 279,000 units of product and transferred them to finished goods during a recent period of these units, 59,000 were in process at the beginning of the period. The other 220,000 units were started and completed during the period. At period end, 39,000 units were in process. Prepare the department's equivalent units of production with respect...
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