Answer
--Requirement asked
A | Beginning units | 805 | units |
B | Production started | 92,440 | units |
C | Units completed | 87,350 | units |
D = A+B-C | Units in WIP at the end of August | 5,895 | units = Answer |
During August the Paver Paint Company completed 87,350 cans of paint. At the beginning of August,...
Exercise 3-10 At the start of July, the Tarjee Wax Company had beginning Work in Process of 2,600 units that were 90 percent complete with respect to material and 50 percent complete with respect to conversion costs. The cost of the units was $7,030 ($4,970 of material and $2,060 of conversion costs). During the month, the company started production of 38,200 units and incurred $210,200 of material cost and $96,600 of labor and overhead. Costs per equivalent unit were $5.00...
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...
Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 705,000 units of product to finished goods. At the end of November, the work in process inventory consists of 204,000 units that are 50% complete with respect to conversion. Beginning inventory had $354,510 of direct materials and $201,750 of conversion cost. The direct material...
During April, the production department of a process manufacturing system completed a number of units of a product transferred them to finished goods. these transferred units, 60, 00 were in process in the production department at the beginning of April and 240.000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of April, 82,000 additional units were in process in the production...
Required information (The following information applies to the questions displayed below.) Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 715,000 units of product to finished goods. At the end of November, the work in process inventory consists of 205,000 units that are 80% complete with respect to conversion. Beginning inventory had $538,200 of...
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...
On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 33,000 units were started. At the end of the month all started units were 80% complete with respect to conversion. Direct Materials placed into production had a total cost of $500,000 and the total conversion cost for the month was $473,000. Annapolis uses...
On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 39,000 units were started. At the end of the month all started units were 80% complete with respect to conversion. Direct Materials placed into production had a total cost of $345,000 and the total conversion cost for the month was $493,000. Annapolis uses...
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60 %complete with respect to materials and 40 %complete with respect to conversion. At the end of April, 82,000 additional units were in process in the...
Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 705,000 units of product to finished goods. At the end of November, the work in process inventory consists of 204,000 units that are 50% complete with respect to conversion. Beginning inventory had $354,510 of direct materials and $201,750 of conversion cost. The direct material...