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Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. 5,000 units 70% 25% $7,350 $3,125 Beginning Work in Process inventory: Physical units..... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May Product started: Physical units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs Manufacturing costs for...
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Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units..... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
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Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units.......... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
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Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units....... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
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Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units..... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
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Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units........... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
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Refer to the following information about the Assembly Department in the Honey Bee Factory for the month of July. Honey Bee Factory uses the weighted average method of inventory costing. 6,000 units Beginning Work in Process inventory: Physical units (completed in July) % complete for materials % complete for conversion (labor and overhead) 80% 30% Materials Cost from June $8,125 Conversion cost from June $6,540 30,000 units 7,000 units Products started and completed in July: Physical Units Ending Work in...
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ABC Company’s Finishing Department uses process costing and had
the following data available for the month of October:
Beginning work in process
4,000 units
Units started
2,400 units
Units completed and transferred out
5,500 units
Ending work in process
900 units
The units in beginning work in process were 100% complete with
respect to materials and 25% complete with respect to conversion
costs. The units in ending work in process were 100% complete with
respect to materials and 75% complete...
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Calculator The following production data were taken from the records of the Finishing Department for June Inventory in process, June 1, 30% completed 4,000 units Completed units during June 65,000 units Ending Inventory, 60% completed 65,000 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost Inventories and materials were added at the beginning of the process, is Oa. 68,000 units Ob. 76,000...
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The Finishing Department had 5,500 incomplete units in its
beginning Work-in-Process Inventory which were 100% complete as to
materials and 30% complete as to conversion costs. 16,000 units
were received from the previous department. The ending
Work-in-Process Inventory consisted of 2,500 units which were 50%
complete as to materials and 30% complete as to conversion costs.
The Finishing Department uses first-in, first-out (FIFO) process
costing.
How many units were started and completed during the period?
Multiple Choice
13,000.
21,500.
19,000....
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. 5,000 units 70% 25% $7,350 $3,125 Beginning Work in Process inventory: Physical units..... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May Product started: Physical units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs Manufacturing costs for...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units..... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units.......... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units....... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units..... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units........... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
Refer to the following information about the Assembly Department in the Honey Bee Factory for the month of July. Honey Bee Factory uses the weighted average method of inventory costing. 6,000 units Beginning Work in Process inventory: Physical units (completed in July) % complete for materials % complete for conversion (labor and overhead) 80% 30% Materials Cost from June $8,125 Conversion cost from June $6,540 30,000 units 7,000 units Products started and completed in July: Physical Units Ending Work in...
Calculator The following production data were taken from the records of the Finishing Department for June Inventory in process, June 1, 30% completed 4,000 units Completed units during June 65,000 units Ending Inventory, 60% completed 65,000 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost Inventories and materials were added at the beginning of the process, is Oa. 68,000 units Ob. 76,000...