Homework Answers
| Calculation of Equivalent units | |||
| Material | Conversion | ||
| Transferred Out Units | 4400 | 4400 | |
| Closing WIP: 1000 units | |||
| Direct Materials 100% complete | 1000 | ||
| Conversion 70% complete | 700 | ||
| Equivalent Units | 5400 | 5100 | |
| Cost per equivalent units | |||
| Material | Conversion | ||
| Cost per equivalent units | 0.90 | 0.90 | |
| Calculation of Closing WIP | |||
| Material | Conversion | Total | |
| Closing WIP Units | 1000 | 700 | |
| Cost of Closing WIP | 900 | 630 | 1530 |
| Calculation of Goods Transferred Out | |||
| Material | Conversion | Total | |
| Transferred Out Units | 4400 | 4400 | |
| Cost of Transferred out units | 3960 | 3960 | 7920 |
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For the month of September, the Kennel Piche Company had cost per equivalent unit of $0.90...
For the month of September, the Ceradyne Pickle Company had cost per equivalent unit of $0.80...
For the month of September, the Ceradyne Pickle Company had cost per equivalent unit of $0.80 for materials (pickles, vinegar, spices, etc.) and $0.90 for conversion costs (labor and overhead). At Ceradyne Pickle, units are measured in quarts. The company began the month with 570 quarts of pickles. By the end of the month, the company had completed 4,100 quarts, and 860 quarts were in process. The in-process units were 100 percent complete with respect to material and 75 percent...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $490,000. The conversion cost for the period in the Rolling Department is $280,600. The total equivalent units for direct materials and conversion are 2,500 tons and 4,600 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: per ton Conversion cost per equivalent unit: per ton Cost of Units Transferred Out and Ending Work...
Exercise 5S-7 Equivalent Units of Production and Cost per Equivalent Unit-FIFO Method [LO5S-6, LO5S-7] Pureform, Inc.,...
Exercise 5S-7 Equivalent Units of Production and Cost per Equivalent Unit-FIFO Method [LO5S-6, LO5S-7] Pureform, Inc., uses the FIFO method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: Units Materials Labor Overhead Work in process inventory, beginning 97,000 $ 101,200 $ 54,300 $ 69,600 Units started in process 918,000 Units transferred out 940,000 Work in process inventory, ending 75,000 Cost added during the month...
the cost per equivalent unit for conversion costs for the first department for the month is...
the cost per equivalent unit for conversion costs for the
first department for the month is closest to:
Heller Corporation uses the weighted average method in its process costing system.D first processing department for the most recent month are listed below: in its process costing system. Data concerning the Beginning work in process inventory: Units in beginning work in process inventory ........... Materials costs......... Conversion costs...................... Percent complete with respect to materials........ Percent complete with respect to conversion...... Units started...
the cost per equivalent unit for materials for the month in the first processing department is...
the cost per equivalent unit for materials for the month in
the first processing department is closest to:
Heller Corporation uses the weighted average method in its p first processing department for the most recent month are listed below: weighted average method in its process costing system. Data concerning the Beginning work in process inventory: Units in beginning work in process inventory. .. Materials costs......... Conversion costs.......................... ..... Percent complete with respect to materials....... Percent complete with respect to conversion.....
Exercise 4-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [L04-2, L04-3] Pureform, Inc., uses the...
Exercise 4-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [L04-2, L04-3] Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow. Units Materials Labor Overhead Work in process 86,000 $ 70,200 $ 39,600 $ 53,000 inventory, beginning Units started in process 814,000 Units transferred out 820,000 Work in process 80,000 inventory, ending Cost added during the $928,000 $488,640...
Given the following data, determine the cost per equivalent unit and use this cost data to...
Given the following data, determine the cost per equivalent unit and use this cost data to determine the cost of ending WIP inventory and units transferred into finished goods. (Answers must be entered as numbers only without spaces, dollar signs, commas, etc. Example: 50000 or 8.34 or .15) Production Fabrication Co. Equivalent Units of Production Materials Labor Overhead Units transferred to next process… 350,000 350,000 350,000 Ending WIP Inv. (80,000 units x 50% complete; labor 80,000 units x 25% complete;...
help plz Exercise 4-9 Equivalent Units and Cost per Equivalent Unit-Weighted Average Method [LO4-2, LO4-3] Pureform,...
help plz
Exercise 4-9 Equivalent Units and Cost per Equivalent Unit-Weighted Average Method [LO4-2, LO4-3] Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: Labor $ 27,900 Overhead $ 34,600 Units Materials Work in process 64,000 $ 64,800 inventory, beginning Units started in 609,000 process Units transferred out 630,000 Work in process 43,000 inventory, ending Cost added during...
Exercise 5-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method (LO5-2, LO5-3] Pureform, Inc., uses the...
Exercise 5-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method (LO5-2, LO5-3] Pureform, Inc., uses the weighted-average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: points Materials $ 44,700 Labor 17,700 Overhead $ 23,100 $ Units 56,000 529,000 550,000 35,000 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month eBook...
Exercise 5-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method (LO5-2, LO5-3] Pureform, Inc., uses the...
Exercise 5-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method (LO5-2, LO5-3] Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: Materials $ 56,200 Labor $ 19,700 Overhead $ 24,100 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 58,000 549,000 570,000 37,000 $...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $490,000. The conversion cost for the period in the Rolling Department is $280,600. The total equivalent units for direct materials and conversion are 2,500 tons and 4,600 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: per ton Conversion cost per equivalent unit: per ton Cost of Units Transferred Out and Ending Work...
the cost per equivalent unit for conversion costs for the
first department for the month is closest to:
Heller Corporation uses the weighted average method in its process costing system.D first processing department for the most recent month are listed below: in its process costing system. Data concerning the Beginning work in process inventory: Units in beginning work in process inventory ........... Materials costs......... Conversion costs...................... Percent complete with respect to materials........ Percent complete with respect to conversion...... Units started...
the cost per equivalent unit for materials for the month in
the first processing department is closest to:
Heller Corporation uses the weighted average method in its p first processing department for the most recent month are listed below: weighted average method in its process costing system. Data concerning the Beginning work in process inventory: Units in beginning work in process inventory. .. Materials costs......... Conversion costs.......................... ..... Percent complete with respect to materials....... Percent complete with respect to conversion.....
Exercise 4-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [L04-2, L04-3] Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow. Units Materials Labor Overhead Work in process 86,000 $ 70,200 $ 39,600 $ 53,000 inventory, beginning Units started in process 814,000 Units transferred out 820,000 Work in process 80,000 inventory, ending Cost added during the $928,000 $488,640...
help plz
Exercise 4-9 Equivalent Units and Cost per Equivalent Unit-Weighted Average Method [LO4-2, LO4-3] Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: Labor $ 27,900 Overhead $ 34,600 Units Materials Work in process 64,000 $ 64,800 inventory, beginning Units started in 609,000 process Units transferred out 630,000 Work in process 43,000 inventory, ending Cost added during...
Exercise 5-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method (LO5-2, LO5-3] Pureform, Inc., uses the weighted-average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: points Materials $ 44,700 Labor 17,700 Overhead $ 23,100 $ Units 56,000 529,000 550,000 35,000 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month eBook...
Exercise 5-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method (LO5-2, LO5-3] Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: Materials $ 56,200 Labor $ 19,700 Overhead $ 24,100 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 58,000 549,000 570,000 37,000 $...
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