Homework Answers
| T-12 TABLES | C10 CHAIRS | |
| Beginning balance + units started for production | (0+19,000) | (0+17,000) |
| Units to be accounted for | 19,000 | 17,000 |
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Work in process unts, July 31 234,700 Overhead 100,740 247 PM to search
Cost of Production Report: Average Cost Method The increases to Work in Process- Roasting Department for...
Cost of Production Report: Average Cost Method The increases to Work in Process- Roasting Department for Boston Coffee Company for March 2016 as well as information concerning work in process, March 1, 2,900 pounds, 30% completed Coffee beans added during March, 178,900 pounds Conversion costs during March work in process, March 31, 1,700 pounds, 80% completed Goods finished during March, 180,100 pounds Prepare a cost of production report, using the average cost method. If required, round cost per equivalent unit...
Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production...
Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 107,000 gallons of paint in July and completes 89,000 gallons. The costs of the resources used by Sanchez in July consist of the following Materials Conversion costs (labor and overhead) S 271,660 270,700 Required The production supervisor estimates that the ending work-in-process is 85 percent complete. Compute the cost of paint transferred to finished goods and the amount in work-in-process ending inventory as...
Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production...
Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 107,000 gallons of paint in July and completes 82,000 gallons. The costs of the resources used by Sanchez in July consist of the following: Materials Conversion costs 192,775 287,800 (labor and overhead) Required: The production supervisor estimates that the ending work-in-process is 81 percent complete. Compute the cost of paint transferred to finished goods and the amount in work-in-process ending inventory as of...
Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production...
Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 111,000 gallons of paint in July and completes 86,000 gallons. The costs of the resources used by Sanchez in July consist of the following: Materials $ 293,650 Conversion costs (labor and overhead) 280,100 Required: The production supervisor estimates that the ending work-in-process is 81 percent complete. Compute the cost of paint transferred to finished goods and the amount in work-in-process ending inventory as...
Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production...
Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 111,000 gallons of paint in July and completes 88,000 gallons. The costs of the resources used by Sanchez in July consist of the following: Materials $ 209,398 Conversion costs (labor and overhead) 281,100 Required: The production supervisor estimates that the ending work-in-process is 81 percent complete. Compute the cost of paint transferred to finished goods and the amount in work-in-process ending inventory...
Help Save Quick Studies 7 222,500 Direct matenials Direct labor Factory overhead costs Work in process,...
Help Save Quick Studies 7 222,500 Direct matenials Direct labor Factory overhead costs Work in process, Dec. 31, 2014 161,200 Work in process, Dec. 31, 2015 156,250 66,000 27,600 l Cost of of Goods Manufactured Total cost of Cst of goods manufachured < Prev 7of 12 Next > to search
Cutting Department Plant 1 Plant 2 Production Data-July T12-Tables C10-Chairs Work in process units, July 1...
Cutting Department Plant 1 Plant 2 Production Data-July T12-Tables C10-Chairs Work in process units, July 1 0 0 Units started into production 20000 18000 Work in process units, July 31 3000 500 Work in process percent complete 60 80 Cost Data-July Work in process, July 1 0 0 Materials 380000 288000 Labor 234400 110000 Overhead 104000 104800 Total 718400 502800 (a) For each plant 1. Compute the physical units of production 2. Compute equivalent units of production for materials and...
If the balance of Work in Process on October 31 is $215,000, what was the amount of factory overhead applied in October?
Selected accounts with some amounts omitted are as followsWork in ProcessOct. 1Balance20,100 Oct. 31Finished goodsX 31Direct materials93,000 31Direct labor150,300 31Factory overheadX Finished GoodsOct. 1Balance13,500 31Goods finished345,000 If the balance of Work in Process on October 31 is $215,000, what was the amount of factory overhead applied in October?a.$93,000b.$385,400c.$296,600d.$150,300
Plant 1 T12-Tables Plant 2 C10-Chairs Production Data-July 16,480 Work in process units, July 1 Units...
Plant 1 T12-Tables Plant 2 C10-Chairs Production Data-July 16,480 Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 20,600 3,090 515 80 Cost Data-July Work in process, July 1 Materials Labor Overhead $0 391,400 241,432 107,120 $739,952 $0 296,640 113,300 107,944 $517,884 Total (al) Your answer is correct. For each plant compute the physical units of production. T12 Tables C10 Chairs Units to be accounted for 20600 16480...
Solve for July. Show Work Please. Process Costing Case - Accompanying Spreadsheet - Complete the yellow/blank...
Solve for July. Show Work
Please.
Process Costing Case - Accompanying Spreadsheet - Complete the yellow/blank cells -INCLUDE FORMULAS for calculations Process Costing - Assembly Department - JUNE $ 716,555 Direct Materials Costs in June for 41,300 Units Direct Labor Costs incurred in June Factory Overhead costs incurred in June Work completed in June: 35,700 units Ending Work in Progress, June 30:5,600 units, 30% completed 276,612 149,520 Process Costing - Assembly Department - JULY Direct Materials Costs in July for...
Cost of Production Report: Average Cost Method The increases to Work in Process- Roasting Department for Boston Coffee Company for March 2016 as well as information concerning work in process, March 1, 2,900 pounds, 30% completed Coffee beans added during March, 178,900 pounds Conversion costs during March work in process, March 31, 1,700 pounds, 80% completed Goods finished during March, 180,100 pounds Prepare a cost of production report, using the average cost method. If required, round cost per equivalent unit...
Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 107,000 gallons of paint in July and completes 89,000 gallons. The costs of the resources used by Sanchez in July consist of the following Materials Conversion costs (labor and overhead) S 271,660 270,700 Required The production supervisor estimates that the ending work-in-process is 85 percent complete. Compute the cost of paint transferred to finished goods and the amount in work-in-process ending inventory as...
Sanchez & Company produces paints. On July 1, it had no work-in-process inventory. It starts production of 107,000 gallons of paint in July and completes 82,000 gallons. The costs of the resources used by Sanchez in July consist of the following: Materials Conversion costs 192,775 287,800 (labor and overhead) Required: The production supervisor estimates that the ending work-in-process is 81 percent complete. Compute the cost of paint transferred to finished goods and the amount in work-in-process ending inventory as of...
Help Save Quick Studies 7 222,500 Direct matenials Direct labor Factory overhead costs Work in process, Dec. 31, 2014 161,200 Work in process, Dec. 31, 2015 156,250 66,000 27,600 l Cost of of Goods Manufactured Total cost of Cst of goods manufachured < Prev 7of 12 Next > to search
Plant 1 T12-Tables Plant 2 C10-Chairs Production Data-July 16,480 Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 20,600 3,090 515 80 Cost Data-July Work in process, July 1 Materials Labor Overhead $0 391,400 241,432 107,120 $739,952 $0 296,640 113,300 107,944 $517,884 Total (al) Your answer is correct. For each plant compute the physical units of production. T12 Tables C10 Chairs Units to be accounted for 20600 16480...
Solve for July. Show Work
Please.
Process Costing Case - Accompanying Spreadsheet - Complete the yellow/blank cells -INCLUDE FORMULAS for calculations Process Costing - Assembly Department - JUNE $ 716,555 Direct Materials Costs in June for 41,300 Units Direct Labor Costs incurred in June Factory Overhead costs incurred in June Work completed in June: 35,700 units Ending Work in Progress, June 30:5,600 units, 30% completed 276,612 149,520 Process Costing - Assembly Department - JULY Direct Materials Costs in July for...
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