Homework Answers
Solution:
| Materials | Conversion | |
| Equivalent Units of production | 439,350 | 433,110 |
Explanation:
Equivalent units of production = Units completed + (Ending WIP X Completion)
Materials = 414,000 + ( 39000 x 65%) = 414000 + 25350 = 439,350
Conversion = 414,000 + (39000 x 49%) = 414000 + 19,110 = 433,110
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Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 51,000 30,000 Percent Completed Materials Conversion 55% 72% 54% The department started 393.000 units into production during the month and transferred 414,000 completed units to the next department. Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
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Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: 10 points Percent Completed Units Materials Conversion 48,000 85% 65% 39,000 73% 46% Work in process, October 1 Work in process, October 31 Skipped eBook The department started 402,000 units into production during the month and transferred 411,000 completed units to the next department Hint Required: Compute the equivalent units of production for October. Print References Materials...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 54,000 90 % 65 % Work in process, October 31 32,000 68 % 51 % The department started 393,000 units into production during the month and transferred 415,000 completed units to the next department. Required: Compute the equivalent units of production for October.
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 95% 65% 73% 46% Units 50,000 33,000 Work in process, October 1 Work in process, October 31 The department started 396,000 units into production during the month and transferred 413,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 95% 65% 74% 46% Units 45,000 40,000 Work in process, October 1 Work in process, October 31 The department started 406,000 units into production during the month and transferred 411,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October Percent Completed Materials Conversion sek 555 72% 54% Units 51.000 3e,eee Work in process, October 1 Work in process, October 31 The department started 393,000 units into production during the month and transferred 414,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 85 % 65% 68% 51% Units 46,000 36,000 Work in process, October 1 Work in process, October 31 The department started 402,000 units into production during the month and transferred 412,000 completed units to the next department. Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 85% 65% 71% 55% Units 48,000 28,eee Work in process, October 1 Work in process, October 31 The department started 387,000 units into production during the month and transferred 407,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 50,000 85 % 55 % Work in process, October 31 39,000 69 % 51 % The department started 395,000 units into production during the month and transferred 406,000 completed units to the next department. Required: Compute the equivalent units of production for October.
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October Work in process, October 1 Work in process, October 31 Units 52,000 36,000 Percent Completed Materials Conversion 95% 55% 72% 54% The department started 389,000 units into production during the month and transferred 405,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 51,000 30,000 Percent Completed Materials Conversion 55% 72% 54% The department started 393.000 units into production during the month and transferred 414,000 completed units to the next department. Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: 10 points Percent Completed Units Materials Conversion 48,000 85% 65% 39,000 73% 46% Work in process, October 1 Work in process, October 31 Skipped eBook The department started 402,000 units into production during the month and transferred 411,000 completed units to the next department Hint Required: Compute the equivalent units of production for October. Print References Materials...
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 95% 65% 73% 46% Units 50,000 33,000 Work in process, October 1 Work in process, October 31 The department started 396,000 units into production during the month and transferred 413,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 95% 65% 74% 46% Units 45,000 40,000 Work in process, October 1 Work in process, October 31 The department started 406,000 units into production during the month and transferred 411,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October Percent Completed Materials Conversion sek 555 72% 54% Units 51.000 3e,eee Work in process, October 1 Work in process, October 31 The department started 393,000 units into production during the month and transferred 414,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 85 % 65% 68% 51% Units 46,000 36,000 Work in process, October 1 Work in process, October 31 The department started 402,000 units into production during the month and transferred 412,000 completed units to the next department. Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 85% 65% 71% 55% Units 48,000 28,eee Work in process, October 1 Work in process, October 31 The department started 387,000 units into production during the month and transferred 407,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October Work in process, October 1 Work in process, October 31 Units 52,000 36,000 Percent Completed Materials Conversion 95% 55% 72% 54% The department started 389,000 units into production during the month and transferred 405,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
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