Units to account for options: Beginning work-in process, Completed and transferred out, Ending work-in process, and Transferred in
Equivalent Units | ||||
Physical Units | Transferred In | Direct Materials | Conversion Costs | |
UNITS | ||||
Units to account for : | ||||
Beginning Work in Process | 1700 | |||
Units Started in Production | 7300 | |||
Total Units to account for | 9000 | |||
Units Accounted for : | ||||
Completed and transferred Out | 3700 | 2000 | 1700 | 1700 |
Ending Work in Process | 5300 | 5300 | 5300 | 2120 |
Total Units Accounted for | 9000 | 7300 | 7000 | 3820 |
Ending Work in Process for conversion 5300x 40% = 2120
Units to account for options: Beginning work-in process, Completed and transferred out, Ending work-in process, and...
SeaWorthy uses three processes to manufacture lifts for personal watercraft: forming a lift's parts from galvanized steel, assembling the lift, and testing the completed lift. (Click the icon to view additional information.) More Info - X The lifts are transferred to Finished Goods Inventory before shipment to marinas across the country. SeaWorthy's Testing Department requires no direct materials. Conversion costs are incurred evenly throughout the testing process. Other information follows for the month of August: UNITS 2,400 units 7,300 units...
uses three processes to manufacture lifts for personal watercraft: forming a lift's parts from galvanizedsteel, assembling the lift, and testing the completed lift. LOADING... (Click the icon to view additional information.)The cost transferred into Finished Goods Inventory is the cost of the lifts transferred out of the Testing Department. WaterWorthyWaterWorthy uses weighted-average process costing.Read the requirements LOADING... . Requirement 1. Prepare a production cost report for the Testing Department. (Round all cost per unit amounts to the nearest cent and...
i Data Table UNITS Beginning Work-in-Process Inventory Transferred in from Spinning Department during November Completed during November Ending work-in-Process (80% complete for conversion work) 85 rolls 580 rolls 530 rolls 135 rolls COSTS Beginning Work-in-Process Inventory (transferred in costs $4,100; materials cost, $1,825; conversion costs, $5,100) Transferred in from Spinning Department Materials cost added during November Conversion costs added during November (manufacturing wages, $8,880; manufacturing overhead allocated, $43,440) $ 11,025 19,840 9,480 52,320 Requirement 1. Prepare the November production cost...
Requirement 1. Prepare a production cost report for the Testing Department. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP equivalent units of production.) WaterBound Production Cost Report-Testing Department Month Ended August 31 Equivalent Units Physical Transferred Direct Conversion Materials Units In Costs UNITS Units to account for Total units to account for Units accounted for n'a na n/a Tolal unils apcounted for Transferred Direct Conversion Tota...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak Ridge Steel Company are $180 and $62, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, July 1 0 225 Started and completed during July 1,900 1,900 Transferred out of Rolling (completed) 1,900 2,125 Inventory in process, July 31 500 200 Total units to...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.40 and $0.10, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 1,600 Started and completed during the period 42,000 42,000 Transferred out of Filling (completed) 42,000 43,600 Inventory in process, end of period 8,000 2,000 Total...
Cost of Units Transferred Out and Ending Work in Process The The rate used to allocate costs between completed and partially completed production.costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $1.80 and $0.95, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 2,900 Started and completed during the period 58,000 58,000 Transferred out of Filling (completed)...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.60 and $0.60, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 4,000 Started and completed during the period 67,000 67,000 Transferred out of Filling (completed) 67,000 71,000 Inventory in process, end of period 5,000 1,500 Total...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.70 and $1.05, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 2,300 Started and completed during the period 38,000 38,000 Transferred out of Filling (completed) 38,000 40,300 Inventory in process, end of period 3,000 900 Total units...
rsonal watercraft: forming a lift's parts from galvanized steel, The cost transferred HU PUSTILU LOUV U SeaBound uses weighted average process costing. i More Info lar. Abbreviatic esting De Bound ort-Testin ed Augus The lifts are transferred to Finished Goods Inventory before shipment to marinas across the country. SeaBound's Testing Department requires no direct materials. Conversion costs are incurred evenly throughout the testing process. Other information follows for the month of August: Transfer 1,600 units in 6,900 units 4,200 units...