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Chapter 8 Practice Problems < Question 21 (of 41) 21. value 0.12 points Pierce & Company...
Pierce & Company provides the following information concerning the work in process at its plant: •...
Pierce & Company provides the following information concerning the work in process at its plant: • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). • Started this month, 59,400 units. • Transferred out, 49,400 units. • Ending inventory, 20,200 units (materials are 100 percent complete; conversion costs are 16 percent complete). Required: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for conversion costs using...
Pierce & Company provides the following information concerning the work in process at its plant: •...
Pierce & Company provides the following information concerning the work in process at its plant: • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 62 percent complete). • Started this month, 60,100 units • Transferred out, 50,000 units. • Ending inventory, 19,300 units (materials are 100 percent complete; conversion costs are 17 percent complete). Required: a. Compute the equivalent units for materials using the weighted average method. b. Compute the equivalent units for conversion costs...
Pierce & Company provides the following information concerning the work in process at its plant: Beginning...
Pierce & Company provides the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 62 percent complete). Started this month, 59,500 units. Transferred out, 50,600 units. Ending inventory, 19,900 units (materials are 100 percent complete; conversion costs are 15 percent complete). Required: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for conversion costs using the weighted-average method.
Pierce & Company provides the following information concerning the work in process at its plant Beginning...
Pierce & Company provides the following information concerning the work in process at its plant Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). Started this month, 59,900 units. Transferred out, 49,900 units. Ending inventory, 20,900 units (materials are 100 percent complete; conversion costs are 14 percent complete). Required: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for conversion costs using the weighted-average method. Equivalent...
Pierce & Company provides the following information concerning the work in process at its plant: •...
Pierce & Company provides the following information concerning the work in process at its plant: • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 60 percent complete). • Started this month, 60,900 units. • Transferred out, 50,200 units. • Ending inventory, 20,500 units (materials are 100 percent complete; conversion costs are 16 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. Equivalent...
Pierce & Company provides the following information concerning the work in process at its plant: •...
Pierce & Company provides the following information concerning the work in process at its plant: • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 62 percent complete). • Started this month, 59,100 units. • Transferred out, 50,400 units. • Ending inventory, 18,900 units (materials are 100 percent complete; conversion costs are 15 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. Equivalent...
Pierce & Company provides the following information concerning the work in process at its plant: •...
Pierce & Company provides the following information concerning the work in process at its plant: • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). • Started this month, 60,400 units. • Transferred out, 50,400 units. • Ending inventory, 19,900 units (materials are 100 percent complete; conversion costs are 15 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. Equivalent...
Pierce & Company provides the following information concerning the work in process at its plant: .Beginning...
Pierce & Company provides the following information concerning the work in process at its plant: .Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). Started this month, 60,300 units Transferred out, 50,500 units. Ending inventory, 19,500 units (materials are 100 percent complete; conversion costs are 15 percent complete) Required: a. Compute the equivalent units for materials using FIFO Equivalent units b. Compute the equivalent units for conversion costs using FIFO. Equivalent units
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 42,200 partially...
Conlon Chemicals manufactures paint thinner. Information on the
work in process follows: Beginning inventory, 42,200 partially
complete gallons. Transferred out, 212,400 gallons. Ending
inventory (materials are 20 percent complete; conversion costs are
11 percent complete). Started this month, 242,700 gallons.
Required: a. Compute the equivalent units for materials using the
weighted-average method. b. Compute the equivalent units for
conversion costs using the weighted-average method.
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 42,200 partially...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: • Beginning inventory, 39,900...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: • Beginning inventory, 39,900 partially complete gallons. • Transferred out, 210,800 gallons. • Ending inventory (materials are 18 percent complete; conversion costs are 8 percent complete). • Started this month, 236,400 gallons. Required: a. Compute the equivalent units for materials using the weighted average method. b. Compute the equivalent units for conversion costs using the weighted average method. Equivalent Units (gallons) Materials Conversion costs b.
Pierce & Company provides the following information concerning the work in process at its plant: • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 62 percent complete). • Started this month, 60,100 units • Transferred out, 50,000 units. • Ending inventory, 19,300 units (materials are 100 percent complete; conversion costs are 17 percent complete). Required: a. Compute the equivalent units for materials using the weighted average method. b. Compute the equivalent units for conversion costs...
Pierce & Company provides the following information concerning the work in process at its plant Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). Started this month, 59,900 units. Transferred out, 49,900 units. Ending inventory, 20,900 units (materials are 100 percent complete; conversion costs are 14 percent complete). Required: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for conversion costs using the weighted-average method. Equivalent...
Pierce & Company provides the following information concerning the work in process at its plant: • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 60 percent complete). • Started this month, 60,900 units. • Transferred out, 50,200 units. • Ending inventory, 20,500 units (materials are 100 percent complete; conversion costs are 16 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. Equivalent...
Pierce & Company provides the following information concerning the work in process at its plant: • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 62 percent complete). • Started this month, 59,100 units. • Transferred out, 50,400 units. • Ending inventory, 18,900 units (materials are 100 percent complete; conversion costs are 15 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. Equivalent...
Pierce & Company provides the following information concerning the work in process at its plant: • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). • Started this month, 60,400 units. • Transferred out, 50,400 units. • Ending inventory, 19,900 units (materials are 100 percent complete; conversion costs are 15 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. Equivalent...
Pierce & Company provides the following information concerning the work in process at its plant: .Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). Started this month, 60,300 units Transferred out, 50,500 units. Ending inventory, 19,500 units (materials are 100 percent complete; conversion costs are 15 percent complete) Required: a. Compute the equivalent units for materials using FIFO Equivalent units b. Compute the equivalent units for conversion costs using FIFO. Equivalent units
Conlon Chemicals manufactures paint thinner. Information on the
work in process follows: Beginning inventory, 42,200 partially
complete gallons. Transferred out, 212,400 gallons. Ending
inventory (materials are 20 percent complete; conversion costs are
11 percent complete). Started this month, 242,700 gallons.
Required: a. Compute the equivalent units for materials using the
weighted-average method. b. Compute the equivalent units for
conversion costs using the weighted-average method.
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 42,200 partially...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: • Beginning inventory, 39,900 partially complete gallons. • Transferred out, 210,800 gallons. • Ending inventory (materials are 18 percent complete; conversion costs are 8 percent complete). • Started this month, 236,400 gallons. Required: a. Compute the equivalent units for materials using the weighted average method. b. Compute the equivalent units for conversion costs using the weighted average method. Equivalent Units (gallons) Materials Conversion costs b.
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