Equivalent units under FIFO = Units in beginning work in process + Units started and completed + Units in ending work in process
= (20,000 * 70%) + (65,000 - 20,000) + (10,000 * 80%)
= 14,000 + 45,000 + 8,000
= 67,000
Inventory at the beginning of January in a particular department in Harris, Inc. contained 20,000 units...
1. Inventory at the beginning of August in a particular department contained 10,000 units of goods that were 40% complete for conversion. 25,000 units were completed and transferred out of the department during August. 2,000 were still in process at the end of August and were 50% complete for conversion. Assume there was no spoilage. The equivalent units to be used to get the average conversion costs per unit for the period under the FIFO method are: 24,400 19,600 22,000...
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Inventory at the beginning of August in a particular department in Murphy Inc., contained 8,000 units of goods that were 30% complete for conversion. 15,000 units were completed and transferred out of this department during August. 4,000 were still in process at the end of August and were 70% complete for conversion. Inspection in this department is carried out at the end of the process and 2,700 units were found to be spoiled. No rework was done on the...
Inventory at the beginning of October in the last processing department of a company contained 50,000 units of goods that were partially complete. 70,000 units were completed and transferred out of the department during October. There was no ending inventory. Assume there was no spoilage. Which of the following statements is TRUE? The equivalent units for transferred-in costs under FIFO for this department is 50,000 The equivalent units for transferred-in costs under FIFO for this department is 30,000 The equivalent...
The Maring Department of Foods for You had 65,000 equivalent units of materials for October Of the 65,000 units, 45,000 units were completed and transferred to the next department, and 20.000 units were 55% complete Foods for You's costs per equivalent unit of production are $1.20 for direct materials and 50 80 for conversion costs All of the materials are added at the beginning of the process Conversion costs are added evenly throughout the process and the company uses the...
The Mixing Department of Foods for You had 65,000 units to account for in October. Of the 65,000 units, 45,000 units were completed and transferred to the next department, and 20,000 units were 55% complete. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the mixing process and the company uses the weighted average method. Compute the total equivalent units of production for direct materials and conversion costs for October. Foods...
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)...
The Mixing Department of Complete Foods had
65,000 units to account for in
October.
The Mixing Department of Best Foods had 65,000 units to account for in October. Of the 65,000 units, 35,000 units were completed and transferred to the next department, and 30,000 units were 40% complete. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the mixing process and the company uses the weighted average method. Compute the total...
During April, the first production department of a process manufacturing system completed its work on 420,000 units of a product and transferred them to the next department of these transferred units, 84,000 were in process in the production department at the beginning of April and 336,000 were started and completed in April. April's beginning inventory units were 80% complete with respect to materials and 20% complete with respect to conversion. At the end of April, 106,000 additional units were in...
During April, the first production department of a process
manufacturing system completed its work on 420,000 units of a
product and transferred them to the next department. Of these
transferred units, 84,000 were in process in the production
department at the beginning of April and 336,000 were started and
completed in April. April's beginning inventory units were 80%
complete with respect to materials and 20% complete with respect to
conversion. At the end of April, 106,000 additional units were in...
Help Save & En Check During April, the first production department of a process manufacturing system completed its work on 345,000 units of a product and transferred them to the next department. Of these transferred units, 69,000 were in process in the production department at the beginning of April and 276,000 were started and completed in April. April's beginning inventory units were 80% complete with respect to materials and 20% complete with respect to conversion. At the end of April,...