Homework Answers
Units transferred out = Opening WIP + Introduced units
44000 = 2000+42000
Opening WIP= 30% completed for conversion So 70% will be left
So Equivalent units on opening will be = 2000*.70 = 1400
Introduced units = 100 % will be taken = 42000
Closing WIP = 80% is completed
So equivalent units will be 9000*.80 = 7200
So equivalent unit for production for conversion will be = 1400+42000+7200 = 50600
Answer is 50600
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Tip Top Painting Company has the following production data for March Beginning work in process, 2,000...
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000...
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process. What is the equivalent units of production during May for conversion costs if the FIFO method is used? 44,400 50,600 45,200 48,800
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000...
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process. What is the equivalent units of production during May for direct materials if the FIFO method is used? 51,000 53,000 42,200 42,000
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000...
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process What is the equivalent units of production during May for direct materials if the FIFO method is used? O 51,000 53,000 42,200 42,000
Muffy Painting Company has the following production data for March. Ending Work in Process % Complete...
Muffy Painting Company has the following production data for March. Ending Work in Process % Complete as to Units Conversion Cost 8,000 75% Beginning Units Work in Process Transferred Out 3,000 42,000 Month March Instructions Compute equivalent units of production for March for both materials and conversion costs. Materials are entered at the beginning of the process. Equivalent Units Materials Conversion Costs Physical Units Quantities Units to be accounted for Work in process, March 1 Started into production Total units...
Pix Company has the following production data for March: no beginning work in process, units started...
Pix Company has the following production data for March: no beginning work in process, units started and completed 29,500, and ending work in process 5,100 units that are 100% complete for materials and 40% complete for conversion costs. Pix uses the FIFO method to compute equivalent units. If unit materials cost is $5 and unit conversion cost is $14, determine the costs to be assigned to the units transferred out and the units in ending work in process. The total...
Pix Company has the following production data for March: no beginning work in process, units started...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 29,000, and
ending work in process 5,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $5
and unit conversion cost is $15. The total costs to be assigned are
$638,300, prepare the cost section of the production cost report
for Pix Company using...
Pix Company has the following production data for March: no beginning work in process, units started...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 27,000, and
ending work in process 3,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $6
and unit conversion cost is $10. The total costs to be assigned are
$465,000, prepare the cost section of the production cost report
for Pix Company using...
Pix Company has the following production data for March: no beginning work in process, units started...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 29,000, and
ending work in process 3,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $7
and unit conversion cost is $10. The total costs to be assigned are
$529,300, prepare the cost section of the production cost report
for Pix Company using...
Pix Company has the following production data for March: no beginning work in process, units started...
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Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process. What is the equivalent units of production during May for conversion costs if the FIFO method is used? 44,400 50,600 45,200 48,800
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process. What is the equivalent units of production during May for direct materials if the FIFO method is used? 51,000 53,000 42,200 42,000
Tip Top Painting Company has the following production data for March: Beginning work in process, 2,000 units, which are 30% complete for conversion costs Units transferred out, 44,000 Units in ending work in process, 9,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process What is the equivalent units of production during May for direct materials if the FIFO method is used? O 51,000 53,000 42,200 42,000
Muffy Painting Company has the following production data for March. Ending Work in Process % Complete as to Units Conversion Cost 8,000 75% Beginning Units Work in Process Transferred Out 3,000 42,000 Month March Instructions Compute equivalent units of production for March for both materials and conversion costs. Materials are entered at the beginning of the process. Equivalent Units Materials Conversion Costs Physical Units Quantities Units to be accounted for Work in process, March 1 Started into production Total units...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 29,000, and
ending work in process 5,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
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for Pix Company using...
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beginning work in process, units started and completed 27,000, and
ending work in process 3,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $6
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beginning work in process, units started and completed 29,000, and
ending work in process 3,300 units that are 100% complete for
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