Homework Answers
| Answer to 1st image | |||||
| Particulars | Materials | Conversion | Total | ||
| Total cost | $ 3,01,600.00 | $ 4,00,000.00 | |||
| Equivalent units | 5200 | 5000 | |||
| Cost per equivalent units | $ 58.00 | $ 80.00 | |||
| Units in ending WIP | (W.N.1) | 400 | 200 | ||
| Cost of ending WIP | $ 23,200.00 | $ 16,000.00 | $39,200.00 | ||
| W.N.1 | |||||
| Material | Conversion | ||||
| Transferred out | 4800 | 4800 | |||
| Ending WIP | (bal.fig) | 400 | 200 | ||
| 5200 | 5000 | ||||
| Answer to 2nd image | ||||
| Particulars | Materials | |||
| Total Cost | $ 3,06,000.00 | |||
| Equivalent units | (W.N.2) | 6220 | ||
| Cost per equivalent units | $ 49.20 | |||
| Units in ending WIP | 420 | |||
| Cost of ending WIP | $ 20,662 | |||
| W.N.2 | ||||
| Material | ||||
| Transferred out | 5800 | (5800 x 100%) | ||
| Ending WIP | 420 | (600 x 70%) | ||
| 6220 | ||||
| Answer to 3rd image | |||||
| Particulars | Materials | Conversion | Total | ||
| Total cost | $ 3,01,600.00 | $ 4,00,000.00 | |||
| Equivalent units | 5200 | 5000 | |||
| Cost per equivalent units | $ 58.00 | $ 80.00 | |||
| Units in ending WIP | (given) | 400 | 200 | ||
| Cost of ending WIP | $ 23,200.00 | $ 16,000.00 | $ 39,200.00 | ||
| Answer to 4th image | ||||
| Particulars | Materials | |||
| Total Cost | $ 3,00,000.00 | |||
| Equivalent units | (W.N.3) | 6220 | ||
| Cost per equivalent units | $ 48.23 | |||
| Units completed | 5800 | |||
| Cost of ending WIP | $ 2,79,743 | |||
| W.N.3 | ||||
| Material | ||||
| Transferred out | 5800 | (5800 x 100%) | ||
| Ending WIP | 420 | (600 x 70%) | ||
| 6220 | ||||
For answer 4, select the first option
Assume the following information:
| Milling Department | Units | Percent Complete | |
|---|---|---|---|
| Materials | Conversion | ||
| Beginning work in process inventory | 200 | 40% | 30% |
| Units started into production during March | 6,200 | ||
| Units completed during the period and transferred to the next department | 5,800 | 100% | 100% |
| Ending work in process inventory | 600 | 70% | 60% |
| Milling Department | Materials | Conversion |
|---|---|---|
| Cost of beginning work in process inventory | $ 10,000 | $ 15,000 |
| Costs added during the period | 296,000 | 385,000 |
| Total cost | $ 306,000 | $ 400,000 |
Using the weighted-average method, the total cost of the units completed during the period and transferred out to the next department with respect to materials is closest to:
Add Answer to:
Assume the following information Milline Deporte Cost of beginning work in process mentary Costs added during...
Assume the following information: Percent Complete Milling Department Units Materials Conversion Beginning work in process inventory...
Assume the following information: Percent Complete Milling Department Units Materials Conversion Beginning work in process inventory 200 40 % 30 % Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100 % 100 % Ending work in process inventory 600 70 % 60 % Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 292,000 385,000 Total cost $ 302,000...
Assume the following information appears in the Milling Department's cost reconciliation report: Milling Department Costs added...
Assume the following information appears in the Milling Department's cost reconciliation report: Milling Department Costs added to production during the period Cost of beginning work in process inventory Cost of the units transferred out of the Milling Department Materials $650,000 $ 15,000 $645,000 What is the cost of the ending work in process inventory of the Milling Department? Multiple Choice $20,000 $35,000 $5,000 O $25,000 If a properly completed cost reconciliation report for a particular department says that the total...
Assume the following information: Percent Complete Milling Department Units Materials Conversion Beginning work in process inventory...
Assume the following information: Percent Complete Milling Department Units Materials Conversion Beginning work in process inventory 200 40 % 30 % Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100 % 100 % Ending work in process inventory 600 70 % 60 % Milling Department Materials Conversion Cost of beginning work in process inventory $ 10,000 $ 15,000 Costs added during the period 299,000 385,000 Total cost $ 309,000...
Assume the following information: Percent Complete Materials Conversion 45% 30% Milling Department Beginning work in process...
Assume the following information: Percent Complete Materials Conversion 45% 30% Milling Department Beginning work in process inventory Units started into production during March Units completed during March and transferred to the next department Ending work in process inventory Units 300 6,100 5,800 600 100% 6ex 100% 50x Using the weighted average method, what is the equivalent units of production for conversion? Multiple Choice 6,400 units 6,025 units 6100 units 6.160 units Assume the following information Units 300 6,000 Percent Complete...
Surved Assume the following information: Milling Department Cost of beginning work in process inventory Costs added...
Surved Assume the following information: Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials Conversion Total $ 10,000 $ 15,000 $ 25,000 291,600 385,000 676,600 $301,600 $400,000 $701,600 Assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively method. If 4,770 units were completed and transferred to the next department, then what is the total cost assigned to transferred out of the Milling Department? Multiple...
Assume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory...
Assume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during the period 291,600 385,000 676,600 Total cost $ 301,600 $ 400,000 $ 701,600 Assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively, using the weighted-average method. If 4,780 units were completed and transferred to the next department, then what is the total cost assigned to the units...
Assume the following information: Percent Complete Milling DepartmentUnits Materials Conversion Beginning work in process inventory 200 40% 30% Units...
Assume the following information: Percent Complete Milling DepartmentUnits Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 70% 60% Milling DepartmentMaterials Conversion Cost of beginning work in process inventory$10,000 $15,000 Costs added during the period 304,000 385,000 Total cost$314,000 $400,000 Using the FIFO method, the total cost of the ending work in process inventory with respect to materials is closest to:
Assume the following information: Percent Complete Milling DepartmentUnits Materials Conversion Beginning work in process inventory 200 40% 30% Units...
Assume the following information: Percent Complete Milling DepartmentUnits Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 70% 60% Milling DepartmentMaterials Conversion Cost of beginning work in process inventory$10,000 $15,000 Costs added during the period 304,000 385,000 Total cost$314,000 $400,000 Using the FIFO method, the total cost of the ending work in process inventory with respect to materials is closest to:
Assume the following information: Percent Complete Milling DepartmentUnits Materials Conversion Beginning work in process inventory 200 40% 30%...
Assume the following information: Percent Complete Milling DepartmentUnits Materials Conversion Beginning work in process inventory 200 40% 30% Units started into production during March 6,200 Units completed during the period and transferred to the next department 5,800 100% 100% Ending work in process inventory 600 45% 50% Milling DepartmentMaterials Conversion Cost of beginning work in process inventory$10,000 $15,000 Costs added during the period 290,000 385,000 Total cost$300,000 $400,000 Using the FIFO method, the total cost of the units completed and transferred out that would be reported on the cost...
Assume the following information: 7 Units 200 6,200 Percent Complete Materials Conversion 408 308 8 04-11:38...
Assume the following information: 7 Units 200 6,200 Percent Complete Materials Conversion 408 308 8 04-11:38 Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory 5,800 600 1008 70% 1008 608 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials Conversion $ 10,000 $ 15,000 292,000 385,000 $302,000 $400,000 Using the weighted-average...
Assume the following information appears in the Milling Department's cost reconciliation report: Milling Department Costs added to production during the period Cost of beginning work in process inventory Cost of the units transferred out of the Milling Department Materials $650,000 $ 15,000 $645,000 What is the cost of the ending work in process inventory of the Milling Department? Multiple Choice $20,000 $35,000 $5,000 O $25,000 If a properly completed cost reconciliation report for a particular department says that the total...
Assume the following information: Percent Complete Materials Conversion 45% 30% Milling Department Beginning work in process inventory Units started into production during March Units completed during March and transferred to the next department Ending work in process inventory Units 300 6,100 5,800 600 100% 6ex 100% 50x Using the weighted average method, what is the equivalent units of production for conversion? Multiple Choice 6,400 units 6,025 units 6100 units 6.160 units Assume the following information Units 300 6,000 Percent Complete...
Surved Assume the following information: Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials Conversion Total $ 10,000 $ 15,000 $ 25,000 291,600 385,000 676,600 $301,600 $400,000 $701,600 Assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively method. If 4,770 units were completed and transferred to the next department, then what is the total cost assigned to transferred out of the Milling Department? Multiple...
Assume the following information: 7 Units 200 6,200 Percent Complete Materials Conversion 408 308 8 04-11:38 Milling Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory 5,800 600 1008 70% 1008 608 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Materials Conversion $ 10,000 $ 15,000 292,000 385,000 $302,000 $400,000 Using the weighted-average...
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