Homework Answers
| Physical units in ending inventory | 500 |
| X Percentage completion | 25% |
| Equivalent units in ending inventory | 125 |
| Option B 125 units is correct |
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The ending Work in Process inventory in the Mixing Department contains 500 units that are 25%...
Work in Process—Grinding Department Inventory, May 1 332,400 Completed and transferred to the Mixing Department ?...
Work in Process—Grinding Department Inventory, May 1 332,400 Completed and transferred to the Mixing Department ? Materials 544,100 Conversion 347,216 Inventory, May 31 ? The May 1 work in process inventory consisted of 120,000 pounds with $198,000 in materials cost and $134,400 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 290,000 pounds were started into production. The May 31 inventory consisted of...
Work in Process-Grinding Department Completed and transferred to the Mixing Department ? Inventory, May 1 Materials...
Work in Process-Grinding Department Completed and transferred to the Mixing Department ? Inventory, May 1 Materials Conversion 174,720 465,510 217,470 Inventory, May 31 ? The May 1 work in process inventory consisted of 91,000 pounds with $117,390 in materials cost and $57,330 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 311,000 pounds were started into production. The May 31 inventory consisted of...
Cost of Production The Blending Department of Manderlee Cosmetics had 10,200 units in work in process...
Cost of Production The Blending Department of Manderlee Cosmetics had 10,200 units in work in process at the beginning of the period, which were 80% complete. During the period, 32,800 units were completed and transferred to the Packaging Department. There were 4,400 units in process at the end of the period, which were 25% complete. The Blending Department received 27,000 units of Direct Materials. Direct Materials are placed into process at the beginning of production. Determine the number of equivalent...
A department began the month with 50,000 units in work in process inventory. These units were...
A department began the month with 50,000 units in work in process inventory. These units were 90% complete with respect to direct materials and 40% complete with respect to conversion. During the month the department started 286,000 units; 220,000 of these units were completed during the month. The remaining 66,000 units are in ending work in process inventory, 80% complete with respect to direct materials and 30% complete with respect to conversion. Use FIFO method of process costing to: Compute...
7) Vallin Manufacturing Corporation's beginning work in process inventory cond on 400 units, 100 complete with...
7) Vallin Manufacturing Corporation's beginning work in process inventory cond on 400 units, 100 complete with resnect materials cost and complete respect to conversion costs. The total cost in the beginning inventory was 554.000 During the month. 58.000 units were transferred out. The equivalent unit cost was computed to be 54.30 for materials and 54,80 for conversion costs under the weighted average method. Given this information, the total cost of the units completed and transferred out was: A) S527,800 B)...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak Ridge Steel Company are $180 and $62, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, July 1 0 225 Started and completed during July 1,900 1,900 Transferred out of Rolling (completed) 1,900 2,125 Inventory in process, July 31 500 200 Total units to...
Inventory, May 1 Work in Process-Grinding Department 286,200 Completed and transferred to the Mixing Department 551,030...
Inventory, May 1 Work in Process-Grinding Department 286,200 Completed and transferred to the Mixing Department 551,030 331,442 Materials Conversion Inventory, May 31 points The May 1 work in process inventory consisted of 108,000 pounds with $171,720 in materials cost and $114,480 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 305,000 pounds were started into production. The May 31 inventory consisted of 117,000...
The Converting Department of Hopkinsville Company had 1,000 units in work in process at the beginning...
The Converting Department of Hopkinsville Company had 1,000 units in work in process at the beginning of the period, which were 70% complete. During the period, 20,800 units were completed and transferred to the Packing Department. There were 1,120 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs....
Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining,...
Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 44,000 fl. oz. of chemicals were started in production. Of these, 32,000 fl. oz. were completed and 12,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted average...
Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing...
Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of 6,500 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 5,500 units that were 60% complete with respect to conversion costs. If 13,000 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be:
Work in Process-Grinding Department Completed and transferred to the Mixing Department ? Inventory, May 1 Materials Conversion 174,720 465,510 217,470 Inventory, May 31 ? The May 1 work in process inventory consisted of 91,000 pounds with $117,390 in materials cost and $57,330 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 311,000 pounds were started into production. The May 31 inventory consisted of...
Cost of Production The Blending Department of Manderlee Cosmetics had 10,200 units in work in process at the beginning of the period, which were 80% complete. During the period, 32,800 units were completed and transferred to the Packaging Department. There were 4,400 units in process at the end of the period, which were 25% complete. The Blending Department received 27,000 units of Direct Materials. Direct Materials are placed into process at the beginning of production. Determine the number of equivalent...
7) Vallin Manufacturing Corporation's beginning work in process inventory cond on 400 units, 100 complete with resnect materials cost and complete respect to conversion costs. The total cost in the beginning inventory was 554.000 During the month. 58.000 units were transferred out. The equivalent unit cost was computed to be 54.30 for materials and 54,80 for conversion costs under the weighted average method. Given this information, the total cost of the units completed and transferred out was: A) S527,800 B)...
Inventory, May 1 Work in Process-Grinding Department 286,200 Completed and transferred to the Mixing Department 551,030 331,442 Materials Conversion Inventory, May 31 points The May 1 work in process inventory consisted of 108,000 pounds with $171,720 in materials cost and $114,480 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 305,000 pounds were started into production. The May 31 inventory consisted of 117,000...
The Converting Department of Hopkinsville Company had 1,000 units in work in process at the beginning of the period, which were 70% complete. During the period, 20,800 units were completed and transferred to the Packing Department. There were 1,120 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs....
Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 44,000 fl. oz. of chemicals were started in production. Of these, 32,000 fl. oz. were completed and 12,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted average...
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