Homework Answers
| Work in Process, May 1 | 2415500 | ||
| Units started in process during May | 747200 | ||
| Total units to account for | 3162700 | ||
| Less: Work in Process, May 31 | 249800 | ||
| Units completed | 2912900 | ||
| Material | Conversion | ||
| Units completed | 2912900 | 2912900 | |
| Equivalent unit ending WIP | 249800 | 137390 | =249800*55% |
| Total | 3162700 | 3050290 |
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Espresso Chemicals refines a variety of chemicals for cleaning products. The following data are from the...
Terra Energy Company refines a variety of petrochemical products. The following data are from the firm's...
Terra Energy Company refines a variety of petrochemical products. The following data are from the firm's Lodi plant. Work in process, November 1 Direct material Conversion Units started in process during November Work in process, November 30 Direct material Conversion 1,580,000 gallons 100% complete 30% complete 840,000 gallons 268,000 gallons 100% complete 75% complete Required: Compute the equivalent units of direct material and conversion for the month of November. Use the weighted average method of process costing. Equivalent Units Direct...
Terra Energy Company refines a variety of petrochemical products. The following data are from the firm's...
Terra Energy Company refines a variety of petrochemical products. The following data are from the firm's Lodi plant. Work in process, November 1 Direct material Conversion Units started in process during November Work in process, November 30 Direct material Conversion 1,840,000 gallons 100% complete 40% complete 805,000 gallons 261,000 gallons 100% complete 75% complete Required: Compute the equivalent units of direct material and conversion for the month of November. Use the weighted average method of process costing. Equivalent Units 1,579,000...
Return to question Terra Energy Company refines a variety of petrochemical products. The following data are...
Return to question Terra Energy Company refines a variety of petrochemical products. The following data are from the firm's Lodi plant. 1.92 Work in prOCOS, November 1 Direct material Conversion Units started in process during November Work in process, November 30 Direct material Conversion 1,860,000 gallons 100# complete 30 $ complete 825.000 gallons 265,000 gallons 100# complete 808 complete Required: Compute the equivalent units of direct material and conversion for the month of November. Use the weighted average method of...
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston...
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Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston...
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 Direct materials Conversion Units started in process during September Work-in-process inventory, September 30 Direct materials Conversion 4,680,000 gallons 50% completed 20% completed 5,060,000 gallons 3,260,000 gallons 40% completed 60% completed Required: 1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted average method. 2. Compute the equivalent units of direct materials...
Benoit Chemical Company (BCC) produces a variety of specialty chemicals used in the pharmaceutical industry and...
Benoit Chemical Company (BCC) produces a variety of specialty chemicals used in the pharmaceutical industry and construction industry. BCC spends almost 20% of its net revenues on research, product development, and customer development to achieve its reputation as a high-quality producer of chemicals, a reliable supplier, and a great provider of customer service. BCC has small number of large customers, each of which typically has one or more large orders being processed at BCC at any given point in time....
Benoit Chemical Company (BCC) produces a variety of specialty chemicals used in the pharmaceutical industry and...
Benoit Chemical Company (BCC) produces a variety of specialty chemicals used in the pharmaceutical industry and construction industry. BCC spends almost 20% of its net revenues on research, product development, and customer development to achieve its reputation as a high-quality producer of chemicals, a reliable supplier, and a great provider of customer service. BCC has small number of large customers, each of which typically has one or more large orders being processed at BCC at any given point in time....
Production Report, No Beginning Inventory Softkin Company manufactures sun protection lotion. The Mixing Department, the first...
Production Report, No Beginning Inventory Softkin Company manufactures sun protection lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellant. The following data are for the current year: Work in process, January 1 — Gallons started 450,000 Gallons transferred out 378,000 Direct materials cost $900,000 Direct labor cost $1,785,600 Overhead applied $2,678,400 Direct materials are added at the beginning of the process. Ending inventory is 95 percent complete with respect to direct labor and overhead....
The following data pertain to the Hercules Tire and Rubber Company for the month of May....
The following data pertain to the Hercules Tire and Rubber Company for the month of May. 60,000 75,000 10,000 75,000 $ 135,000 Work in process, May 1 (in units) Units started during May Total units to account for Units completed and transferred out during May Work in process, May 31 (in units) Total equivalent units: direct material Total equivalent units: conversion Work in process, May 1: direct material Work in process, May 1: conversion Costs incurred during May: direct material...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 42,200 partially...
Conlon Chemicals manufactures paint thinner. Information on the
work in process follows: Beginning inventory, 42,200 partially
complete gallons. Transferred out, 212,400 gallons. Ending
inventory (materials are 20 percent complete; conversion costs are
11 percent complete). Started this month, 242,700 gallons.
Required: a. Compute the equivalent units for materials using the
weighted-average method. b. Compute the equivalent units for
conversion costs using the weighted-average method.
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 42,200 partially...
Terra Energy Company refines a variety of petrochemical products. The following data are from the firm's Lodi plant. Work in process, November 1 Direct material Conversion Units started in process during November Work in process, November 30 Direct material Conversion 1,580,000 gallons 100% complete 30% complete 840,000 gallons 268,000 gallons 100% complete 75% complete Required: Compute the equivalent units of direct material and conversion for the month of November. Use the weighted average method of process costing. Equivalent Units Direct...
Terra Energy Company refines a variety of petrochemical products. The following data are from the firm's Lodi plant. Work in process, November 1 Direct material Conversion Units started in process during November Work in process, November 30 Direct material Conversion 1,840,000 gallons 100% complete 40% complete 805,000 gallons 261,000 gallons 100% complete 75% complete Required: Compute the equivalent units of direct material and conversion for the month of November. Use the weighted average method of process costing. Equivalent Units 1,579,000...
Return to question Terra Energy Company refines a variety of petrochemical products. The following data are from the firm's Lodi plant. 1.92 Work in prOCOS, November 1 Direct material Conversion Units started in process during November Work in process, November 30 Direct material Conversion 1,860,000 gallons 100# complete 30 $ complete 825.000 gallons 265,000 gallons 100# complete 808 complete Required: Compute the equivalent units of direct material and conversion for the month of November. Use the weighted average method of...
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 Direct materials Conversion Units started in process during September Work-in-process inventory, September 30 Direct materials Conversion 4,620,000 gallons 50% completed 20% completed 5,820,000 gallons 3,180,000 gallons 40% completed 60% completed Required: 1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted average method. 2. Compute the equivalent units of direct materials...
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 Direct materials Conversion Units started in process during September Work-in-process inventory, September 30 Direct materials Conversion 4,680,000 gallons 50% completed 20% completed 5,060,000 gallons 3,260,000 gallons 40% completed 60% completed Required: 1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted average method. 2. Compute the equivalent units of direct materials...
Benoit Chemical Company (BCC) produces a variety of specialty chemicals used in the pharmaceutical industry and construction industry. BCC spends almost 20% of its net revenues on research, product development, and customer development to achieve its reputation as a high-quality producer of chemicals, a reliable supplier, and a great provider of customer service. BCC has small number of large customers, each of which typically has one or more large orders being processed at BCC at any given point in time....
Benoit Chemical Company (BCC) produces a variety of specialty chemicals used in the pharmaceutical industry and construction industry. BCC spends almost 20% of its net revenues on research, product development, and customer development to achieve its reputation as a high-quality producer of chemicals, a reliable supplier, and a great provider of customer service. BCC has small number of large customers, each of which typically has one or more large orders being processed at BCC at any given point in time....
The following data pertain to the Hercules Tire and Rubber Company for the month of May. 60,000 75,000 10,000 75,000 $ 135,000 Work in process, May 1 (in units) Units started during May Total units to account for Units completed and transferred out during May Work in process, May 31 (in units) Total equivalent units: direct material Total equivalent units: conversion Work in process, May 1: direct material Work in process, May 1: conversion Costs incurred during May: direct material...
Conlon Chemicals manufactures paint thinner. Information on the
work in process follows: Beginning inventory, 42,200 partially
complete gallons. Transferred out, 212,400 gallons. Ending
inventory (materials are 20 percent complete; conversion costs are
11 percent complete). Started this month, 242,700 gallons.
Required: a. Compute the equivalent units for materials using the
weighted-average method. b. Compute the equivalent units for
conversion costs using the weighted-average method.
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 42,200 partially...
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