If Direct Labor is added at the beginning of the conversion process, then the we add...
If Direct Labor is added at the beginning of the conversion process, then the we add Direct Labor cost to the same number of batches as what?
Group of answer choices
Direct Materials added to production
Cost of Goods Manufactured
WIP Beginning Inventory
Fixed Overhead
Homework Answers
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If Direct Labor is added at the beginning of the conversion
process, then the we add...
Materials are added at the beginning of the process. Direct labor and overhead are incurred evenly...
Materials are added at the beginning of the process. Direct
labor and overhead are incurred evenly throughout the
process.
(1) Calculate equivalent units of production (4 marks);
(2) Calculate cost per EUP; (round to two decimals) (4
marks)
(3) What is the cost of all units that were completed and
transferred to finished goods in October? And what is the total
cost of ending goods in process? (Round to whole dollar amount) (4
marks)
October 1, Inventory (25% complete for...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs added during the period Divided by: EUP this period Cost per equivalent unit Costs accounted for: Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Requirement 2. Joumalize all transactions affecting the Mixing Department during March, including...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied (60% complete at the end of the month). WIP beginning 0 units, $0 Units started 122,500 units Units completed 116,700 units Costs of materials added $382,720 Costs of conversion added $275,790 a. Calculate equivalent units for direct materials and conversion costs. b. Calculate the cost per unit of direct materials and cost per unit of conversion costs. c. What is the...
Concord Corporation has beginning and ending work in process inventories of $170000 and $185000 respectively. If...
Concord Corporation has beginning and ending work in process inventories of $170000 and $185000 respectively. If total manufacturing costs are $680000, what is the total cost of goods manufactured? O $850000. O $665000. $865000. $695000. Given the following data for Concord Corporation, compute cost of goods manufactured: Direct materials used $120000 Beginning work in process $20000 Direct labor 100000 Ending work in process 10000 Manufacturing 80000 Beginning finished goods 25000 overhead Operating expenses 75000 Ending finished goods 15000 $300000 $320000...
ALHOSO Corporation, direct materials are added at the beginning of the process and codversions costs are...
ALHOSO Corporation, direct materials are added at the beginning of the process and codversions costs are uniformly applied. Other details include: ch Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started a Units completed and transferred out WIP ending (60% for conversion) $33,000 $24.250 $389,100 $274,125 24,200 units 128,500 units 110,700 units 42,000 units What is the total cost of units completed and transferred out? distrib...
11 Exercise 9 - Your Co. uses process costing to account for production costs. Direct labor...
11 Exercise 9 - Your Co. uses process costing to account for production costs. Direct labor is added evenly throughout the process and direct materials is added at the beginning of the process. During June, the assembly department transferred 315 units to finished goods. Beginning WIP inventory was 30 units with $150 direct materials and $300 direct labor. Ending WIP inventory consists of 60 units that are 60% complete with respect to labor. $1500 direct materials were incurred in June...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 20,200 units 130,500 units 107,700 units 43,000 units $30,000 $22,500 $393,100 $271,125 What is the cost per equivalent unit for direct materials? (Round your final...
please help me sold the Work-in-Process account : 1-Direct Raw Materials Used = 60 Direct Labor...
please help me sold the Work-in-Process account :
1-Direct Raw Materials Used = 60 Direct Labor = 70 Applied Manufacturing Overhead = 150 Beginning Balance = 25 & Ending Balance = 45 What amount was Cost of Goods Manufactured? 2-Direct Raw Materials Used = 90 Direct Labor = 90 Applied Manufacturing Overhead = 150 Beginning Balance = 30 Cost of goods Manufactured = 280 What amount was the WIP Ending Balance? 3-Direct Raw Materials Used = 80 Direct Labor =...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) $33,000 $23,250 $394,100 $273,125 24,200 units 121,500 units 110,700 units 35,000 units What is the total cost of units remaining in ending WIP? (Round intermediate...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending 60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 22,200 units 128,500 units 116,700 units 34,000 units $39,000 $29,500 $389,100 $262,125 What is the total cost of units remaining in ending WIP? (Round intermediate...
Materials are added at the beginning of the process. Direct
labor and overhead are incurred evenly throughout the
process.
(1) Calculate equivalent units of production (4 marks);
(2) Calculate cost per EUP; (round to two decimals) (4
marks)
(3) What is the cost of all units that were completed and
transferred to finished goods in October? And what is the total
cost of ending goods in process? (Round to whole dollar amount) (4
marks)
October 1, Inventory (25% complete for...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs added during the period Divided by: EUP this period Cost per equivalent unit Costs accounted for: Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Requirement 2. Joumalize all transactions affecting the Mixing Department during March, including...
Concord Corporation has beginning and ending work in process inventories of $170000 and $185000 respectively. If total manufacturing costs are $680000, what is the total cost of goods manufactured? O $850000. O $665000. $865000. $695000. Given the following data for Concord Corporation, compute cost of goods manufactured: Direct materials used $120000 Beginning work in process $20000 Direct labor 100000 Ending work in process 10000 Manufacturing 80000 Beginning finished goods 25000 overhead Operating expenses 75000 Ending finished goods 15000 $300000 $320000...
ALHOSO Corporation, direct materials are added at the beginning of the process and codversions costs are uniformly applied. Other details include: ch Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started a Units completed and transferred out WIP ending (60% for conversion) $33,000 $24.250 $389,100 $274,125 24,200 units 128,500 units 110,700 units 42,000 units What is the total cost of units completed and transferred out? distrib...
11 Exercise 9 - Your Co. uses process costing to account for production costs. Direct labor is added evenly throughout the process and direct materials is added at the beginning of the process. During June, the assembly department transferred 315 units to finished goods. Beginning WIP inventory was 30 units with $150 direct materials and $300 direct labor. Ending WIP inventory consists of 60 units that are 60% complete with respect to labor. $1500 direct materials were incurred in June...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 20,200 units 130,500 units 107,700 units 43,000 units $30,000 $22,500 $393,100 $271,125 What is the cost per equivalent unit for direct materials? (Round your final...
please help me sold the Work-in-Process account :
1-Direct Raw Materials Used = 60 Direct Labor = 70 Applied Manufacturing Overhead = 150 Beginning Balance = 25 & Ending Balance = 45 What amount was Cost of Goods Manufactured? 2-Direct Raw Materials Used = 90 Direct Labor = 90 Applied Manufacturing Overhead = 150 Beginning Balance = 30 Cost of goods Manufactured = 280 What amount was the WIP Ending Balance? 3-Direct Raw Materials Used = 80 Direct Labor =...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) $33,000 $23,250 $394,100 $273,125 24,200 units 121,500 units 110,700 units 35,000 units What is the total cost of units remaining in ending WIP? (Round intermediate...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending 60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 22,200 units 128,500 units 116,700 units 34,000 units $39,000 $29,500 $389,100 $262,125 What is the total cost of units remaining in ending WIP? (Round intermediate...
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