Homework Answers
Weighted Average Method:
| Equivalent Units | ||
| Material | Conversion | |
| Units completed and transferred | ||
| 100,000 * 100% | 100,000 | 100,000 |
| Units in ending inventory | ||
| 10,000 * 60% | 6,000 | |
| 10,000 * 20% | 2,000 | |
| Equivalent units of production | 106,000 | 102,000 |
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I
need help with this Managerial Accounting question. please show
work so that I can understand...
I need help with this Managerial Accounting question. 1. Data for Wolf Manufacturing Company (uses process...
I
need help with this Managerial Accounting question.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion 40,000 Beginning Work in Process Ending Work in Process (100%) (60%) 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000. Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units of production for material and conversion using the weighted average method....
I need a clear step by step of how to sovle this problem with the questions...
I
need a clear step by step of how to sovle this problem with the
questions asked.
TYPE ANSWERS. 1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion Beginning Work in Process 40,000 (100%) (60%) Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000. Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units...
I need a clear step by step of how to slove this promnle. 1. Data for...
I
need a clear step by step of how to slove this promnle.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion Beginning Work in Process 40,000 (100%) (60%) Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100.000 Percentage of completion for materials and conversion are given in the table above. 2. Data: Selling price = $50, variable cost per unit -...
Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and...
Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and Transferred Out 95,000 Work-In-Process, Ending ? 60% 20% Work-In-Process, Beginning $22,600 $16,600 Costs added during period $133,400 $81,400 Using the weighted average process costing method what is the ending work-in-process physical units? Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and Transferred Out 95,000 Work-In-Process, Ending ? 60% 20% Work-In-Process, Beginning $22,600 $16,600 Costs added during period...
I need help with my assignment please.. Exercise 3-4 Weighted average: Equivalent units computed LO C2...
I need help with my assignment please..
Exercise 3-4 Weighted average: Equivalent units computed LO C2 The production department in a process manufacturing system completed 279,000 units of product and transferred them to finished goods during a recent period of these units, 59,000 were in process at the beginning of the period. The other 220,000 units were started and completed during the period. At period end, 39,000 units were in process. Prepare the department's equivalent units of production with respect...
I am studying process costing for managerial accounting. I have the answers for 1 and 2....
I am studying process costing for managerial
accounting. I have the answers for 1 and 2. I have the first column
for question 3( direct material) but am stuck on how to calculate
the conversion column. Thank you!
159 Process Costing and Hybrid Product-Costing Systems Chapter 4 OConnect All applicable Problems are available in Connect. Problems Timing Technology, Inc. manufactures timing devices. During 20x1, 900,000 units were completed and transferred to finished-goods inventory. On December 31, 20x1 there were 300,000...
Please no cursive and explain answer so I can understand. Exercise A Using the average cost...
Please no cursive and explain answer so I can understand.
Exercise A Using the average cost method, compute the equivalent units of production in each of the following cases: 1. Units started in production during the month, 72,000; units completed and transferred, 52,800 and units in process at the end of the month (100% complete as to materials; 60% complete as to conversion), 19,200. (There was no beginning inventory.) 2. Units in process at the beginning of the month (100%...
Please help me complete this! I have been struggling for a while, and mainly I need...
Please help me complete this!
I have been struggling for a while, and mainly I need the
answer!
Thank you for your help!
6) Miller Corporation manufactures a product for which materials are added at the beginning of the manufacturing process. This means 100% for materials at all times once started. A review of the companys inventory and cost records for the most recently completed year revealed the following information: Units Materials Conversion Work in process, January 1 (80% 100,000...
Managerial Accounting Check my work Weston Products manufactures an industrial cleaning compound that goes through three...
Managerial Accounting
Check my work Weston Products manufactures an industrial cleaning compound that goes through three processing departments Grinding. Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 228,200 Completed and transferred to the Mixing Department Materials 757.990 403, 410 Teventory, May 31 The May 1 work in process inventory consisted of 70,000 pounds with...
I have no idea how do these problems. Can you explain and show an example pa...
I have no idea how do these problems. Can you explain and show
an example
pa Exercise 4-16 Process Costing: Use of Internet (LO 4-1) Use the Internet to access the website for Weyerhaeuser (www.wuju (www.internationalpaper.com), or Boise Cascade (www.boisecascade.com). Required: Skim over the information presented on the website about the company's pro operations. Then discuss why process costing is an appropriate product-costing method for this any's products and od for this company ing of the process Exercise 4-17 Equivalent...
I
need help with this Managerial Accounting question.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion 40,000 Beginning Work in Process Ending Work in Process (100%) (60%) 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000. Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units of production for material and conversion using the weighted average method....
I
need a clear step by step of how to sovle this problem with the
questions asked.
TYPE ANSWERS. 1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion Beginning Work in Process 40,000 (100%) (60%) Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000. Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units...
I
need a clear step by step of how to slove this promnle.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion Beginning Work in Process 40,000 (100%) (60%) Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100.000 Percentage of completion for materials and conversion are given in the table above. 2. Data: Selling price = $50, variable cost per unit -...
I need help with my assignment please..
Exercise 3-4 Weighted average: Equivalent units computed LO C2 The production department in a process manufacturing system completed 279,000 units of product and transferred them to finished goods during a recent period of these units, 59,000 were in process at the beginning of the period. The other 220,000 units were started and completed during the period. At period end, 39,000 units were in process. Prepare the department's equivalent units of production with respect...
I am studying process costing for managerial
accounting. I have the answers for 1 and 2. I have the first column
for question 3( direct material) but am stuck on how to calculate
the conversion column. Thank you!
159 Process Costing and Hybrid Product-Costing Systems Chapter 4 OConnect All applicable Problems are available in Connect. Problems Timing Technology, Inc. manufactures timing devices. During 20x1, 900,000 units were completed and transferred to finished-goods inventory. On December 31, 20x1 there were 300,000...
Please no cursive and explain answer so I can understand.
Exercise A Using the average cost method, compute the equivalent units of production in each of the following cases: 1. Units started in production during the month, 72,000; units completed and transferred, 52,800 and units in process at the end of the month (100% complete as to materials; 60% complete as to conversion), 19,200. (There was no beginning inventory.) 2. Units in process at the beginning of the month (100%...
Please help me complete this!
I have been struggling for a while, and mainly I need the
answer!
Thank you for your help!
6) Miller Corporation manufactures a product for which materials are added at the beginning of the manufacturing process. This means 100% for materials at all times once started. A review of the companys inventory and cost records for the most recently completed year revealed the following information: Units Materials Conversion Work in process, January 1 (80% 100,000...
Managerial Accounting
Check my work Weston Products manufactures an industrial cleaning compound that goes through three processing departments Grinding. Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 228,200 Completed and transferred to the Mixing Department Materials 757.990 403, 410 Teventory, May 31 The May 1 work in process inventory consisted of 70,000 pounds with...
I have no idea how do these problems. Can you explain and show
an example
pa Exercise 4-16 Process Costing: Use of Internet (LO 4-1) Use the Internet to access the website for Weyerhaeuser (www.wuju (www.internationalpaper.com), or Boise Cascade (www.boisecascade.com). Required: Skim over the information presented on the website about the company's pro operations. Then discuss why process costing is an appropriate product-costing method for this any's products and od for this company ing of the process Exercise 4-17 Equivalent...
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