Correct answer------------(d) 1395 equivalent units
Working
Statement of Equivalent Units(Weighted average) | |||||||
Material | |||||||
Units | Complete % | Equivalent units | |||||
Transferred out | 841 | 100% | 841 | ||||
Ending WIP | 554 | 100% | 554 | ||||
Total | 1,395 | Total | 1,395 |
The Burning Dept of Molding Ltd has the following production data: Beginning work in process 500...
The Molding Department of Crane Company has the following production data: beginning work process 40600 units (70% complete), started into production 740000 units, completed and transferred out 683000 units, and ending work in process 97600 units (30% complete). Assuming all materials are entered at the beginning of the process, equivalent units of production for materials are:
Pix Company has the following production data for March: no beginning work in process, units started and completed 29,500, and ending work in process 5,100 units that are 100% complete for materials and 40% complete for conversion costs. Pix uses the FIFO method to compute equivalent units. If unit materials cost is $5 and unit conversion cost is $14, determine the costs to be assigned to the units transferred out and the units in ending work in process. The total...
The following partially completed process cost summary
describes the July production activites of the Molding department
at Ashad Company. Its production output is sent to the next
department. All direct materials are added to products when
processing begins. Beginning work in process inventory is 20%
complete with respect to conversion.
Required information [The following information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company....
Department for Rightpens has the following production data for the current month, Beginning Units Ending Work in Process Transferred Out Work in Process 17.000 18,000 Materials are entered at the beginning of the process. The ending work in process units are 57% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs. Materials Conversion costs The equivalent units of production
16. The Molding Department of Kennett Company has the following production data: beginning work in process 40,000 units (60% complete), started into production 680,000 units, completed and transferred out 690,000 units, and ending work in process 80,000 units (40% complete). Assuming conversion costs are incurred uniformly during the process, the equivalent units for conversion costs are: a. 770,000. b. 698,000 69200+80,000x407 C. 922,000. d. 690,000 e. none of these is the correct answer 17. Materials costs of $500,000 and conversion...
Materials are added at the beginning of a production process, and ending work in process inventory is 20% complete with respect to conversion costs. Use the information provided to complete a production cost report using the weighted average method. Costs to Account For Beginning inventory materials $9.000 Beg i nventory conversion 20.000 Direct material 58.600 Direct labor 74.000 Applied overhead 34520 Total costs to account for $196,120 Units to Account For Beginning work in process 5.000 Units started into production...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 29,000, and
ending work in process 5,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $5
and unit conversion cost is $15. The total costs to be assigned are
$638,300, prepare the cost section of the production cost report
for Pix Company using...
Chapter 4: Applying Excel Data Beginning work in process inventory: Units in process 200 Completion with respect to materials 100% Completion with respect to conversion 40% Costs in the beginning work in process inventory: Materials cost $2,000 Conversion cost $800 Units started into production during the period 1,800 Costs added to production during the period: Materials cost $18,400 Conversion cost $38,765 Ending work in process inventory: Units in process 100 Completion with respect to materials 100% Completion with respect to...
The Smelting Department of Kiner Company has the following production and cost data for November.Production: Beginning work in process 2,800 units that are 100% complete as to materials and 29% complete as to conversion costs; units transferred out 9,700 units; and ending work in process 8,200 units that are 100% complete as to materials and 44% complete as to conversion costs.Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November. ...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 27,000, and
ending work in process 3,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $6
and unit conversion cost is $10. The total costs to be assigned are
$465,000, prepare the cost section of the production cost report
for Pix Company using...