A department adds all materials at the beginning of the process and incurs conversion costs uniformly...
A department adds all materials at the beginning of the process
and incurs conversion costs uniformly throughout the process. For
the month of July, there was no beginning work in process; 39800
units were completed and transferred out; and there were 20000
units in the ending work in process that were 30% complete. During
July, $173420 materials costs and $151140 conversion costs were
charged to the department.
The unit production costs for materials and conversion costs for
July were
| Materials | Conversion Costs |
|
|
|
|
Homework Answers
Equivalent unit of material = 39800+20000 = 59800
Equivalent unit of conversion = 39800+(20000*30%) = 45800
Cost per equivalent unit of material = 173420/59800 = 2.90
Cost per equivalent unit of conversion = 151140/45800 = 3.30
So answer is d)
Add Answer to:
A department adds all materials at the beginning of the process
and incurs conversion costs uniformly...
A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout...
A department adds materials at the beginning of the process and
incurs conversion costs uniformly throughout the process. For the
month of May, there was no beginning Work in Process; 45300 units
were completed and transferred out; and there were 14400 units in
the ending Work in Process that were 10% complete. During May,
$95520 materials costs and $70110 conversion costs were charged to
the department. How much are unit production costs for materials
and conversion costs for May if...
Question 44 2 pts A department adds materials at the beginning of the process and incurs...
Question 44 2 pts A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of July, there was no beginning work in process; 40,000 units were completed and transferred out; and there were 20,000 units in the ending work in process that were 40% complete. During July, $120,000 materials costs and $105,000 conversion costs were charged to the department. The unit production costs for materials and conversion costs for...
A department adds raw materials to a process at the beginning of the process and incurs...
A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 90,000 units were started into production in January; 70,000 units were transferred to finished goods; and there were 20,000 units that were 40% complete in the ending work in process inventory at the end of January. What were the equivalent units of...
The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion...
The Assembly Department uses a process cost accounting system. The department adds materials and incurs conversion costs uniformly throughout the process. During May, $200,000 of materials costs and $95,000 in conversion costs were charged to the department. The beginning Work in Process inventory was $63,000 on May 1, comprised of $40,000 of materials costs and $23,000 of conversion costs. The company employs the FIFO method of process costing. Other data for the month of May are as follows: Beginning Work...
A department adds all raw materials to a process at the beginning of the process and...
A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 90500 units were started into production in January; and there were 21000 units that were 30% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for conversion costs for the...
A department adds raw materials to a process at the beginning of the process and incurs...
A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 80,000 units were started into production in January; and there were 20,000 units that were 40% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for conversion costs for the month...
A department adds raw materials to a process at the beginning of the process and incurs...
A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 20,000 units were started into production in January and there were 5,000 units that were 40% complete in the ending work in process inventory at the end of January.. What were the equivalent units of production for materials for the month of...
A department adds raw materials to a process at the beginning of the process and incurs...
A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 90,000 units were started into production in January; and there were 20,000 units that were 40% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for materials for the month of...
A department adds raw materials to a process at the beginning of the process and incurs...
A department adds raw materials to a process at the beginning of
the process and incurs conversion costs uniformly throughout the
process. For the month of January, there were no units in the
beginning Work in Process inventory; 9900 units were started into
production in January; and there were 4400 units that were 70%
complete in the ending Work in Process inventory at the end of
January. The weighted-average method is used. What were the
equivalent units of production for...
A department adds all raw materials to a process at the beginning of the process and...
A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 91200 units were started into production in January; and there were 19600 units that were 30% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for conversion costs for the...
A department adds materials at the beginning of the process and
incurs conversion costs uniformly throughout the process. For the
month of May, there was no beginning Work in Process; 45300 units
were completed and transferred out; and there were 14400 units in
the ending Work in Process that were 10% complete. During May,
$95520 materials costs and $70110 conversion costs were charged to
the department. How much are unit production costs for materials
and conversion costs for May if...
Question 44 2 pts A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of July, there was no beginning work in process; 40,000 units were completed and transferred out; and there were 20,000 units in the ending work in process that were 40% complete. During July, $120,000 materials costs and $105,000 conversion costs were charged to the department. The unit production costs for materials and conversion costs for...
A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 90500 units were started into production in January; and there were 21000 units that were 30% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for conversion costs for the...
A department adds raw materials to a process at the beginning of
the process and incurs conversion costs uniformly throughout the
process. For the month of January, there were no units in the
beginning Work in Process inventory; 9900 units were started into
production in January; and there were 4400 units that were 70%
complete in the ending Work in Process inventory at the end of
January. The weighted-average method is used. What were the
equivalent units of production for...
A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 91200 units were started into production in January; and there were 19600 units that were 30% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for conversion costs for the...
Most questions answered within 3 hours.
-
Do not neglect the old for the new. The existing business must
not lose priority simply...
asked 51 minutes ago -
Kylie is a single mom with two dependent children,
Tanner, age 7 and Olivia, age 11....
asked 2 hours ago -
Phosphorous + bromine = phosphorous tribromide. If 35.0 g of
bromine are reacted and 27.9 grams...
asked 3 hours ago -
Derive the long wavelength limit of the Planck energy density
distribution
asked 3 hours ago -
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 7 hours ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 7 hours ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 7 hours ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 7 hours ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 7 hours ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 7 hours ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 7 hours ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 7 hours ago