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Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) Conversion (50% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials Conversion costs $122,400 76,800 $199, 200 90,000 102,000 24,000 $180,000 288,000 Total equivalent units for materials under...
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Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for July: Work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) Conversion (50% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials Conversion costs $122,400 76,800 $199,200 90,000 102,000 24,000 $180,000 288,000 Cost per equivalent unit for conversion under...
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Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data for July: Work-in-process inventory, July 1 (38,000 units): Direct materials (91% completed) Conversion (52% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (91% completed) Conversion (52% completed) Cost incurred during July: Direct materials Conversion costs $122,200 77,700 $199,900 89,000 101,300 25,700 $171,500 269,000 The cost of goods completed and...
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Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for July: Work-in-process inventory, July 1 (39,500 units): Direct materials (88% completed) Conversion (55% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (88% completed) Conversion (55% completed) Cost incurred during July: Direct materials Conversion costs $122,350 77,850 $200,200 95,000 108,500 26,000 $173,000 270,500 Total equivalent units for conversion under the...
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Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data for July: Work-in-process inventory, July 1 (38,500 units): Direct materials (90% completed) $122,250 Conversion (53% completed) 77,750 Balance in work in process inventory, July 1 $200,000 Units started during July 89,500 Units completed and transferred 102,200 Work-in-process inventory, July 31: Direct materials (90% completed) 25,800 Conversion (53% completed) Cost incurred during July: Direct materials $172,000 Conversion costs 269,500 The cost of goods completed and...
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Pablo Company calculates the cost for an equivalent unit of
production using process costing.
Data for June
Work-in-process inventory, June 1: 16,000
units
Direct materials: 100% complete
$
32,000
Conversion: 40% complete
12,800
Balance in work-in-process, June 1
$
44,800
Units started during June
39,200
Units completed and transferred out
39,200
Work-in-process inventory, June 30
16,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials
$
90,160
Conversion costs
Direct labor
90,160
Applied overhead
121,520
Total...
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Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 21,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials Conversion costs Direct labor Applied overhead Total conversion costs $ 42,000 16,800 $ 58,800 50,200 50,200 21,000 $140,560 140,560...
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Pablo Company calculates the cost for an equivalent unit of
production using process costing.
Data for June
Work-in-process inventory, June 1: 15,000
units
Direct materials: 100% complete
$
30,000
Conversion: 40% complete
12,000
Balance in work-in-process, June 1
$
42,000
Units started during June
37,000
Units completed and transferred out
37,000
Work-in-process inventory, June 30
15,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials
$
81,400
Conversion costs
Direct labor
81,400
Applied overhead
111,000
Total...
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Pablo Company calculates the cost for an equivalent unit of production using process costing. $ 30,000 12,000 $ 42,000 37,000 37,000 15,000 Data for June Work-in-process inventory, June 1: 15,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials Conversion costs Direct labor Applied overhead Total conversion costs $ 81,400...
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Pablo Company calculates the cost for an equivalent unit of production using process costing. $ 48,000 19,200 $ 67,200 56,800 56,800 24,000 Data for June Work-in-process inventory, June 1: 24,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials Conversion costs Direct labor Applied overhead Total conversion costs $176,080 176,080...
Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) Conversion (50% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials Conversion costs $122,400 76,800 $199, 200 90,000 102,000 24,000 $180,000 288,000 Total equivalent units for materials under...
Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for July: Work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) Conversion (50% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials Conversion costs $122,400 76,800 $199,200 90,000 102,000 24,000 $180,000 288,000 Cost per equivalent unit for conversion under...
Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data for July: Work-in-process inventory, July 1 (38,000 units): Direct materials (91% completed) Conversion (52% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (91% completed) Conversion (52% completed) Cost incurred during July: Direct materials Conversion costs $122,200 77,700 $199,900 89,000 101,300 25,700 $171,500 269,000 The cost of goods completed and...
Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for July: Work-in-process inventory, July 1 (39,500 units): Direct materials (88% completed) Conversion (55% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (88% completed) Conversion (55% completed) Cost incurred during July: Direct materials Conversion costs $122,350 77,850 $200,200 95,000 108,500 26,000 $173,000 270,500 Total equivalent units for conversion under the...
Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data for July: Work-in-process inventory, July 1 (38,500 units): Direct materials (90% completed) $122,250 Conversion (53% completed) 77,750 Balance in work in process inventory, July 1 $200,000 Units started during July 89,500 Units completed and transferred 102,200 Work-in-process inventory, July 31: Direct materials (90% completed) 25,800 Conversion (53% completed) Cost incurred during July: Direct materials $172,000 Conversion costs 269,500 The cost of goods completed and...
Pablo Company calculates the cost for an equivalent unit of
production using process costing.
Data for June
Work-in-process inventory, June 1: 16,000
units
Direct materials: 100% complete
$
32,000
Conversion: 40% complete
12,800
Balance in work-in-process, June 1
$
44,800
Units started during June
39,200
Units completed and transferred out
39,200
Work-in-process inventory, June 30
16,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials
$
90,160
Conversion costs
Direct labor
90,160
Applied overhead
121,520
Total...
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 21,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials Conversion costs Direct labor Applied overhead Total conversion costs $ 42,000 16,800 $ 58,800 50,200 50,200 21,000 $140,560 140,560...
Pablo Company calculates the cost for an equivalent unit of
production using process costing.
Data for June
Work-in-process inventory, June 1: 15,000
units
Direct materials: 100% complete
$
30,000
Conversion: 40% complete
12,000
Balance in work-in-process, June 1
$
42,000
Units started during June
37,000
Units completed and transferred out
37,000
Work-in-process inventory, June 30
15,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials
$
81,400
Conversion costs
Direct labor
81,400
Applied overhead
111,000
Total...
Pablo Company calculates the cost for an equivalent unit of production using process costing. $ 30,000 12,000 $ 42,000 37,000 37,000 15,000 Data for June Work-in-process inventory, June 1: 15,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials Conversion costs Direct labor Applied overhead Total conversion costs $ 81,400...
Pablo Company calculates the cost for an equivalent unit of production using process costing. $ 48,000 19,200 $ 67,200 56,800 56,800 24,000 Data for June Work-in-process inventory, June 1: 24,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials Conversion costs Direct labor Applied overhead Total conversion costs $176,080 176,080...