Homework Answers
Closing stock= 30000 units
Equivalent material cost= 30000×100%×7 =2,10,000
Equivalent conversion cost=30000×75%×6=1,35,000
Total inventory cost= 2,10,000+1,35,000=3,45,000
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Please help solve
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Method In its first month’s operations (January 2019), Schramski
Company’s Department 1 incurred charges of $120,000 for direct
materials (10,000 units), $29,875 for direct labor, and $58,000 for
manufacturing overhead. At month-end, 9,000 units had been finished
and transferred out. The remaining units were finished with respect
to material but only 25% complete with respect to conversion
costs.
Assuming Schramski uses the weighted average method and that
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The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,200 units...
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Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,500 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process Units 3,000 10,000 4,500 Percent of Direct Materials 609 1008 80% Percent of Conversion 40% 1008 308 $2,365 (consists of $1,340 for direct materials and $1,025 for conversion) Beginning work in process inventory-Assembly dept...
Please help solve
The Finishing Department started the month with 900 units in process, received 1,500 units from the Assembly Department, and transferred 1,600 units to the finished goods storage area. All direct materials are added at the beginning of the process. The units in process at the end of the month are 20% complete with respect to conversion costs. The department uses the weighted average method. The Finishing Department incurred the following costs: (Click the icon to view the...
E4-3A. Equivalent Units and Product Cost Report—Weighted Average
Method In its first month’s operations (January 2019), Schramski
Company’s Department 1 incurred charges of $120,000 for direct
materials (10,000 units), $29,875 for direct labor, and $58,000 for
manufacturing overhead. At month-end, 9,000 units had been finished
and transferred out. The remaining units were finished with respect
to material but only 25% complete with respect to conversion
costs.
Assuming Schramski uses the weighted average method and that
materials are added at the...
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,200 units during November. The following production activity unit and cost information refers to the assembly department's November production activities Assembly Department Beginning work in process Units transferred out Ending work in process Units 3,000 10,000 5,200 Percent of Direct Materials Added 70% 100% 85% Percent of Conversion 30% 100% 35% $2,288 (includes $1,484 for direct materials and $804 for conversion) Beginning work in process inventory-Assembly...
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Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for Nelson Company's processing department work-in-process account for the month of September 2019: Beginning inventory (1,500 units, 70% complete) Direct materials $22,000 Conversion costs 10,000 Current period Direct materials (6,000 units) 50,000 Direct labor 41,000 Manufacturing overhead applied 65,440 Nelson uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of...
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