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Department Alpha had no beginning inventory. The department added direct materials costing $55,040 and conversion costs...
you serve ware and uses process costing. At the start of May, 2,300 units were in...
you serve ware and uses process costing. At the start of May, 2,300 units were in process. During May, 11,000 units were completed and 2,000 units were in process at the end of May. The units in process at the end of May were 80% complete with respect to material and 30% complete with respect to conversion costs. Other information is as follows: Work in process, May 1: Direct material $28,800 Conversion costs 48,000 Costs incurred during May: Direct material...
Tamar Co. manufactures a single product in two departments. All direct materials are added at the...
Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 21,600 units, and transferred 22,200 units of product to the Assembly department. Its 3,000 units of beginning work in process consisted of $19,800 of direct materials and $221,940 of conversion costs. It has 2,400 units (100% complete with respect to direct materials and 80% complete...
Tamar Co. manufactures a single product in one department. All direct materials are added at the...
Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 28,200 units of product to finished goods inventory. Its 4,200 units of beginning work in process consisted of $73,980 of direct materials and $1,308,684 of conversion costs. It has 3,000 units (100% complete with respect to direct materials and 80% complete with respect to...
A department adds all materials at the beginning of the process and incurs conversion costs uniformly...
A department adds all materials at the beginning of the process
and incurs conversion costs uniformly throughout the process. For
the month of July, there was no beginning work in process; 39800
units were completed and transferred out; and there were 20000
units in the ending work in process that were 30% complete. During
July, $173420 materials costs and $151140 conversion costs were
charged to the department.
The unit production costs for materials and conversion costs for
July were
Materials...
MacCorp uses process costing. Conversion costs are added continuously throughout the process and direct materials are...
MacCorp uses process costing. Conversion costs are added continuously throughout the process and direct materials are added at the beginning. During February, Department B had a beginning inventory of 2,000 units, 40% complete. Department A transferred out 18,000 units during the month to Department B. 4,000 units were still 60% incomplete at the end of February in Department B. Using FIFO process costing, the equivalent units for direct materials for the month in Department B were? a. 15,600 b. 16,400...
Braun Company produces its product through a single processing department. Direct materials are added at the...
Braun Company produces its product through a single processing department. Direct materials are added at the beginning of the process. Conversion costs are added to the product evenly throughout the process. The company uses monthly reporting periods for its weighted-average process costing. The Work in Process Inventory account had a balance of $21,300 on November 1, which consisted of $6,800 of direct materials and $14,500 of conversion costs. During the month, the company incurred the following costs: Direct materials -...
Fast Co. produces its product through a single processing department. Direct materials are added ...
Fast Co. produces its product through a single processing department. Direct materials are added at the start of production, and conversion costs are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process costing system. The Work in Process Inventory account has a balance of $86,300 as of October 1, which consists of $17,700 of direct materials and $68,600 of conversion costs. During the month the company incurred the following costs: Direct materials Conversion $146,650...
A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout...
A department adds materials at the beginning of the process and
incurs conversion costs uniformly throughout the process. For the
month of May, there was no beginning Work in Process; 45300 units
were completed and transferred out; and there were 14400 units in
the ending Work in Process that were 10% complete. During May,
$95520 materials costs and $70110 conversion costs were charged to
the department. How much are unit production costs for materials
and conversion costs for May if...
A department uses the weighted average method of process costing. All direct materials are added at...
A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month. 170 units in beginning WIP (66% complete with respect to conversion costs). 10,089 units started 102 units in ending WIP (64% complete with respect to conversion costs). $2,200 beginning WIP direct materials costs $2,218 beginning WIP conversion costs $97,006 current month direct materials costs $106,810 current month conversion costs What...
A department uses the weighted average method of process costing. All direct materials are added at...
A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month. 189 units in beginning WIP (30% complete with respect to conversion costs). 10,323 units started 214 units in ending WIP (46% complete with respect to conversion costs). $2,145 beginning WIP direct materials costs $1,493 beginning WIP conversion costs $85,029 current month direct materials costs $85,642 current month conversion costs What...
you serve ware and uses process costing. At the start of May, 2,300 units were in process. During May, 11,000 units were completed and 2,000 units were in process at the end of May. The units in process at the end of May were 80% complete with respect to material and 30% complete with respect to conversion costs. Other information is as follows: Work in process, May 1: Direct material $28,800 Conversion costs 48,000 Costs incurred during May: Direct material...
Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 21,600 units, and transferred 22,200 units of product to the Assembly department. Its 3,000 units of beginning work in process consisted of $19,800 of direct materials and $221,940 of conversion costs. It has 2,400 units (100% complete with respect to direct materials and 80% complete...
A department adds all materials at the beginning of the process
and incurs conversion costs uniformly throughout the process. For
the month of July, there was no beginning work in process; 39800
units were completed and transferred out; and there were 20000
units in the ending work in process that were 30% complete. During
July, $173420 materials costs and $151140 conversion costs were
charged to the department.
The unit production costs for materials and conversion costs for
July were
Materials...
Fast Co. produces its product through a single processing department. Direct materials are added at the start of production, and conversion costs are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process costing system. The Work in Process Inventory account has a balance of $86,300 as of October 1, which consists of $17,700 of direct materials and $68,600 of conversion costs. During the month the company incurred the following costs: Direct materials Conversion $146,650...
A department adds materials at the beginning of the process and
incurs conversion costs uniformly throughout the process. For the
month of May, there was no beginning Work in Process; 45300 units
were completed and transferred out; and there were 14400 units in
the ending Work in Process that were 10% complete. During May,
$95520 materials costs and $70110 conversion costs were charged to
the department. How much are unit production costs for materials
and conversion costs for May if...
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