Homework Answers
| 1 | Beginning | Ending | ||||||
| Work in Process | Work in Process | |||||||
| Conversion | Conversion | Units | ||||||
| Complete | Units | Units | Complete | Started and | ||||
| Month | Units | (percent) | Started | Transferred Out | Units | (percent) | Completed | |
| February | 1,200 | 48 | 25,300 | 19,600 | 6,900 | 21 | 18,400 | |
| June | 5,100 | 65 | 23,600 | 24,900 | 3,800 | 39 | 19,800 | |
| September | 3,600 | 28 | 25,600 | 25,900 | 3,300 | 51 | 22,300 | |
| December | 3,500 | 36 | 22,800 | 21,100 | 5,200 | 80 | 17,600 | |
| Note: Beginning Inventory + Started = Transferred Out + Ending Inventory | ||||||||
| Units started and completed = Units transferred out - beginning inventory | ||||||||
| Equivalents Units | ||||||||
| 2 | Month | Material | Conversion | |||||
| February | 26,500 | 20,473 | ||||||
| June | 28,700 | 23,067 | ||||||
| September | 29,200 | 26,575 | ||||||
| December | 26,300 | 24,000 | ||||||
| Working | ||||||||
| February | Material | Conversion | ||||||
| Units from beginning WIP | 1,200 | 624 | ||||||
| 1,200 x (100% - 100% complete) | 1,200 x (100% - 48% complete) | |||||||
| Units started and completed | 18,400 | 18,400 | ||||||
| Units in ending WIP | 6,900 | 1,449 | ||||||
| 6,900 x 100% complete | 6,900 x 21% complete | |||||||
| Total equivalents units | 26,500 | 20,473 | ||||||
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Question 12 (of 19) 2. 2.63 points Waiue Oasis Company adds all materials at the beginning...
Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected...
Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units worked on during the period. Ending Beginning Work in Process Conversion Complete Units (percent) 3,000 8,400 Units Started Month February Units Transferred Out 38,000 Work in Process Conversion Complete Units (percent) 13,000 8,000 4,600 70 June 75 September December 46,600 52,800 44,000 5,800 30 50,000 42,800 2. Calculate the number of...
just answer required 2 please. Required information [The following information applies to the questions displayed below)...
just answer required 2 please.
Required information [The following information applies to the questions displayed below) Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units to find the missing amounts. Determine the number of units started and completed each month. 2. Calculate the number of equivalent units for both materials and conversion for each month using the FIFO method. Complete...
Magic Company adds materials at the beginning of the process in Department A. The following information...
Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available: Work in process, August 1 (57% complete with respect to conversion) Started in August Completed Work in process, August 31 (78% complete with respect to conversion) 16, 100 121, 100 121, 100 16, 100 Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method....
Question 39 2 pts A department adds raw materials to a process at the beginning of...
Question 39 2 pts 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...
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...
1 E3-5 (Algo) Weighted-Average Method [LO 3-2, 3-3] 1.5 points Required: 1. Reconcile the number of...
1 E3-5 (Algo) Weighted-Average Method [LO 3-2, 3-3] 1.5 points Required: 1. Reconcile the number of physical units to find the missing amounts. 2. Calculate the number of equivalent units for both materials and conversion for each month using the weighte 02:01:42 Complete this question by entering your answers in the tabs below. Skipped Required 1 Required 2 eBook Reconcile the number of physical units to find the missing amounts. Hint Print Beginning Ending Work in Process Work in Process...
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...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process....
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 80,000 $ 80,000 190,000 $ 270,000 152,000 Beginning work in process (301 complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (508 complete) Current period costs Direct materials Conversion cost Total current period costs 68,000...
Multiple Choice Question 59 A department adds all raw materials to a process at the beginning...
Multiple Choice Question 59 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: 59300 units were started into production in January, and there were 19400 units that were 50% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for...
Question 19 View Policies Current Attempt in Progress A department adds all raw materials to a...
Question 19 View Policies Current Attempt in Progress 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; 89000 units were started into production in January; and there were 19000 units that were 30% complete in the ending work in process inventory at the end of January. What were the equivalent...
Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units worked on during the period. Ending Beginning Work in Process Conversion Complete Units (percent) 3,000 8,400 Units Started Month February Units Transferred Out 38,000 Work in Process Conversion Complete Units (percent) 13,000 8,000 4,600 70 June 75 September December 46,600 52,800 44,000 5,800 30 50,000 42,800 2. Calculate the number of...
just answer required 2 please.
Required information [The following information applies to the questions displayed below) Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units to find the missing amounts. Determine the number of units started and completed each month. 2. Calculate the number of equivalent units for both materials and conversion for each month using the FIFO method. Complete...
Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available: Work in process, August 1 (57% complete with respect to conversion) Started in August Completed Work in process, August 31 (78% complete with respect to conversion) 16, 100 121, 100 121, 100 16, 100 Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method....
Question 39 2 pts 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...
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...
1 E3-5 (Algo) Weighted-Average Method [LO 3-2, 3-3] 1.5 points Required: 1. Reconcile the number of physical units to find the missing amounts. 2. Calculate the number of equivalent units for both materials and conversion for each month using the weighte 02:01:42 Complete this question by entering your answers in the tabs below. Skipped Required 1 Required 2 eBook Reconcile the number of physical units to find the missing amounts. Hint Print Beginning Ending Work in Process Work in Process...
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...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 80,000 $ 80,000 190,000 $ 270,000 152,000 Beginning work in process (301 complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (508 complete) Current period costs Direct materials Conversion cost Total current period costs 68,000...
Multiple Choice Question 59 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: 59300 units were started into production in January, and there were 19400 units that were 50% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for...
Question 19 View Policies Current Attempt in Progress 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; 89000 units were started into production in January; and there were 19000 units that were 30% complete in the ending work in process inventory at the end of January. What were the equivalent...
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