Answer :
FIFO method, from the started units we will add the reamining work on the beginning WIP invnetory and subtract the undone part of the ending WIP inventory.
Material
Started units 165,000
October 1 32,000 x (1 - 65%) = 11,200
October 31 17,000 x (1 - 81%) = (3,230)
Equivalent Units 172,970
Conversion
Started units 165,000
October 1 32,000 x (1 - 34%) = 21,120
October 31 17,000 x (1 - 45%) = (9,350)
Equivalent Units 176,770
4 Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data...
4 Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data are available for one department for October Hind Work in process, October 1 Work in process, October 31 Percent Completed Units Materials Conversion 31,000 55% 28% 14,000 775 36% The department started 177,000 units into production during the month and transferred 194,000 completed units to the next department Required: Compute the equivalent units of production for materials and conversion for October Materials Conversion Equivalent...
Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Percent Completed Units Materials Conversion 33,000 598 265 13,000 82 43 The department started 166,060 units into production during the month and transferred 186,000 completed units to the next department Required: Compute the equivalent units of production for materials and conversion for October. Materials Conversion Equivalent units of...
Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 30,000 65 % 30 % Work in process, October 31 15,000 80 % 40 % The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department. Required: Compute the equivalent units of production for materials and conversion for October
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 54,000 90 % 65 % Work in process, October 31 32,000 68 % 51 % The department started 393,000 units into production during the month and transferred 415,000 completed units to the next department. Required: Compute the equivalent units of production for October.
04 Homework Saved Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 858 658 678 488 Units 55,000 31,000 Work in process, October 1 Work in process, October 31 The department started 384,000 units into production during the month and transferred 408,000 completed units to the nex department Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of...
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 51,000 30,000 Percent Completed Materials Conversion 55% 72% 54% The department started 393.000 units into production during the month and transferred 414,000 completed units to the next department. Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October Percent Completed Materials Conversion 95% 50% 65% Units 54,000 39,000 Work in process, October 1 Work in process, October 31 The department started 399,000 units into production during the month and transferred 414,000 completed units to the next department. Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Check my work Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October Work in process, October 1 Work in proces, Datober 31 Percent completed Units Materiale Conversion 54,000 904 37.000 736 eBook The department started 389,000 units into production during the month and transferred 406,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October Percent Completed Materials Conversion sek 555 72% 54% Units 51.000 3e,eee Work in process, October 1 Work in process, October 31 The department started 393,000 units into production during the month and transferred 414,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 53,000 90 % 55 % Work in process, October 31 38,000 68 % 48 % The department started 396,000 units into production during the month and transferred 411,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of...