Weighted Average method, assigning costs
need answer for 17-25
Homework Answers
Weighted-average method, assigning costs (continuation of 17-24). Required: For the data in Exercise 17-24, summarize the...
Weighted-average method, assigning costs (continuation of 17-24). Required: For the data in Exercise 17-24, summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to the units completed (and transferred out) and units in ending work in process. Reference 17-24 : Weighted-average method, equivalent units. The assembly division of Quality Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of...
Please answer all parts! Thanks! Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted Average Method (L04-2,...
Please answer all parts!
Thanks!
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted Average Method (L04-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $712,560 in total. The ending work in process inventory in January consisted of 3,400...
Problem 6-11 Equivalent Units; Assigning Costs-Weighted Average Method (LO2, LO3, L04, LO5] The Wire One Company...
Problem 6-11 Equivalent Units; Assigning Costs-Weighted Average Method (LO2, LO3, L04, LO5] The Wire One Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After the weaving is completed, the materials are transferred into the Coating Department, where specialty plastic coating is applied. Selected data relating to the Weaving Department during May are given below: 109,000 461,000 72,000 Production data: Kilograms in process, May 1...
Problem 6-11 Equivalent Units; Assigning Costs-Weighted-Average Method (LO2, LO3, LO4, LO5] The Wire One Company manufactures...
Problem 6-11 Equivalent Units; Assigning Costs-Weighted-Average Method (LO2, LO3, LO4, LO5] The Wire One Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After the weaving is completed, the materials are transferred into the Coating Department, where specialty plastic coating is applied. Selected data relating to the Weaving Department during May are given below: Production data: Kilograms in process, May 1 (materials 100% complete; conversion...
Calculate Equivalent Units, Unit Costs, and Transferred Costs—Weighted Average Method Chelsea Manufacturing, Inc., operates a plant...
Calculate Equivalent Units, Unit Costs, and Transferred Costs—Weighted Average Method Chelsea Manufacturing, Inc., operates a plant that produces its own regionally-marketed Super Salad Dressing. The dressing is produced in two processes, blending and bottling. In the Blending Department, all materials are added at the beginning of the process, and labor and overhead are incurred evenly throughout the process. Chelsea uses the weighted average method. The Work in Process—Blending Department account for January 2019 follows: Work in Process-Blending Department January 1...
PROBLEM 6–11 Equivalent Units; Assigning Costs-Weighted-Average Method [LO2, LO3, LO4, LO5] The WireOne Company manufactures high-quality...
PROBLEM 6–11 Equivalent Units; Assigning Costs-Weighted-Average Method [LO2, LO3, LO4, LO5] The WireOne Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After the weaving is completed, the materials are transferred into the Coating Department, where specialty plastic coating is applied. Selected data relating to the Weaving Department during May are given below: Production data: Kilograms in process, May 1 (materials 100% complete; conversion 80%...
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior...
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25.100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $687312 in total. The ending work in process inventory in January consisted of 3,600 unts which were...
FIFO method, assigning costs (continuation of 17-26). Required: For the data in Exercise 17-24, use the...
FIFO method, assigning costs (continuation of 17-26). Required: For the data in Exercise 17-24, use the FIFO method to summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to units completed (and transferred out) and to units in ending work in process.
plzz answer all parts Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5)...
plzz answer all parts
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $599,780 in total. The ending work in process inventory in January consisted of 3,000 units, which...
Weighted Average Method
Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to account for costs of production. It produces parts in three separate departments: Molding, Assembling, and Packaging. The following information was obtained for the Assembling Department for the month of April. Work in process on April 1 had 102,000 units made up of the following. AmountDegree of CompletionPrior department costs transferred in from the Molding Department$133,620100%Costs added by the Assembling DepartmentDirect materials$76,500100%Direct labor31,26470%Manufacturing overhead23,73450%$131,498Work in process, April...
Weighted-average method, assigning costs (continuation of 17-24). Required: For the data in Exercise 17-24, summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to the units completed (and transferred out) and units in ending work in process. Reference 17-24 : Weighted-average method, equivalent units. The assembly division of Quality Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of...
Please answer all parts!
Thanks!
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted Average Method (L04-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $712,560 in total. The ending work in process inventory in January consisted of 3,400...
Problem 6-11 Equivalent Units; Assigning Costs-Weighted Average Method (LO2, LO3, L04, LO5] The Wire One Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After the weaving is completed, the materials are transferred into the Coating Department, where specialty plastic coating is applied. Selected data relating to the Weaving Department during May are given below: 109,000 461,000 72,000 Production data: Kilograms in process, May 1...
Problem 6-11 Equivalent Units; Assigning Costs-Weighted-Average Method (LO2, LO3, LO4, LO5] The Wire One Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After the weaving is completed, the materials are transferred into the Coating Department, where specialty plastic coating is applied. Selected data relating to the Weaving Department during May are given below: Production data: Kilograms in process, May 1 (materials 100% complete; conversion...
PROBLEM 6–11 Equivalent Units; Assigning Costs-Weighted-Average Method [LO2, LO3, LO4, LO5] The WireOne Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After the weaving is completed, the materials are transferred into the Coating Department, where specialty plastic coating is applied. Selected data relating to the Weaving Department during May are given below: Production data: Kilograms in process, May 1 (materials 100% complete; conversion 80%...
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25.100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $687312 in total. The ending work in process inventory in January consisted of 3,600 unts which were...
plzz answer all parts
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $599,780 in total. The ending work in process inventory in January consisted of 3,000 units, which...
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