ZuoTi.Pro
Question

Warren Industries uses a process-costing system for its single product, which is manufactured from Material X...

Warren Industries uses a process-costing system for its single product, which is manufactured from Material X and Material Y. X and Y are introduced to the product as follows:

Material X: Added at the beginning of manufacturing
Material Y: Added at the 70% stage of completion

The company started and completed 89,000 units during the period, and had an ending work-in-process inventory amounting to 13,000 units, 25% complete. Which of the following choices correctly expresses the total equivalent units of production for Material X and Material Y?
  

Material X Material Y
A. 98,100 92,250
B. 98,100 98,100
C. 102,000 89,000
D. 102,000 92,250
E. 102,000 98,100

Multiple Choice

  • Choice A

  • Choice B

  • Choice C

  • Choice D

  • Choice E

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Material X

= 89,000 + 13,000

= 102,000

Material Y = 89,000

Option C.

There is no Material Y in ending inventory because Material Y is introduced when 70% is complete. Ending inventory is only 25% complete.

0 0
Add a comment
Know the answer?
Add Answer to:
Warren Industries uses a process-costing system for its single product, which is manufactured from Material X...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Waren Industries uses a process-costing system for its single product, which is manufactured from Material and...

    Waren Industries uses a process-costing system for its single product, which is manufactured from Material and Material Y. X and Y are introduced to the product as follows: MaterialX Added at the beginning of manufacturing Material Y. Added at the 75% stage of completion The company started and completed 40,000 units during the period, and had an ending work-in-process inventory amounting to 0,000 units, 20% comploto. Which of the following choices corro expresses the total equivalent units of production for...

  • Gutierrez, which uses a process-costing system, adds all material at the beginning of production and incurs...

    Gutierrez, which uses a process-costing system, adds all material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The information that follows relates to the period just ended: Units started and completed: 94,000 Units in ending work-in-process inventory: 15,800, 70% complete Which of the following choices correctly expresses the total equivalent units of production with respect to material and conversion cost? Material Conversion A. 94,000 94,000 B. 105,060 105,060 C. 109,800 98,740 D. 109,800 105,060 E. 109,800...

  • Bachelet Inc. uses the weighted-average method in its process costing system. The following data concern the...

    Bachelet Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Costs in the beginning inventory: 400 90% 40% Materials cost Conversion Cost $756 $4,448 Units started into production during the month Units completed and transferred out 13,000 13,300 Costs added to production...

  • Lewis Company uses weighted average process costing system. Material is added at the start of production....

    Lewis Company uses weighted average process costing system. Material is added at the start of production. Lewis Company started 13,000 units into production and had 4,500 units in process at the start of the period that were 60 percent complete as to conversion costs. If Lewis Company transferred out 11,750 units, how many units were in ending Work in Process Inventory? a) 1,250 b) 3,000 c) 3,500 and d) 5,750

  • Question 4 (14 Marks) Johnstone Brewers Inc. uses the FIFO method in its process costing system....

    Question 4 (14 Marks) Johnstone Brewers Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month: Work in process, beginning Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Costs in the beginning inventory Materials cost Conversion cost 300 60% 80% $594 $8.256 Units started into production during the month Units completed and transferred out 26,000...

  • Marshall Polish manufactures a single product in one department and uses a process costing system. At...

    Marshall Polish manufactures a single product in one department and uses a process costing system. At the start of May, there were 10,600 units in process that were 100 percent complete with respect to direct material and 70 percent complete with respect to conversion costs (labor and overhead). During the month, the company began production of 113,900 units. Ending Work in Process inventory consisted of 5,200 units that were 100 percent complete with respect to material and 80 percent complete...

  • Jarvene Corporation uses the FIFO method in its process costing system. The following data are for...

    Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments: Units in beginning inventory 420 Units started into production 4,290 Units in ending inventory 320 Units transferred to the next department 4,390 Materials Conversion Percentage completion of beginning inventory 80 % 20 % Percentage completion of ending inventory 70 % 40 % The cost of beginning inventory according to the company’s...

  • Jarvene Corporation uses the FIFO method in its process costing system. The following data are for...

    Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: Units in beginning inventory Units started into production Units in ending inventory Units transferred to the next department 360 4,320 260 4,420 Percentage completion of beginning inventory Percentage completion of ending inventory Materials 70% 908 Conversion 30% 40% The cost of beginning inventory according to the company's costing system was $7,851...

  • Jarvene Corporation uses the FIFO method in its process costing system. The following data are for...

    Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments: Units in beginning inventory 400 Units started into production 4,330 Units in ending inventory 280 Units transferred to the next department 4,450 Materials Conversion Percentage completion of beginning inventory 80 % 20 % Percentage completion of ending inventory 80 % 30 % The cost of beginning inventory according to the company’s...

  • Talamoto Co. manufactures a single product that goes through two processes – mixing and cooking. The...

    Talamoto Co. manufactures a single product that goes through two processes – mixing and cooking. The following data pertains to the Mixing Department for September. 35,000 units 70% 13,000 units 50% 59,000 ? units Work-in-process Inventory Sept. 1 Conversion complete Work-in-process inventory Sept. 30 Conversion complete Units started into production in Sept. Units completed and transferred out Costs Work-in-process inventory Sept.1 Material P Material e Conversion Costs added in September Material P Materiale Conversion $ 99,000 90,000 99,000 $148,000 136,000...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT