Homework Answers
Solution A & B:
| Cal Corporation | |||
| Production Cost report - First Processing Department | |||
| Computation of Equivalent unit of Production | |||
| Particulars | Physical Units | Material | Conversion |
| Units to account for: | |||
| Beginning WIP | 700 | ||
| Started into Production | 9200 | ||
| Total units to account for | 9900 | ||
| Units accounted for: | |||
| Unit completed & Transferred out | 8300 | 8300 | 8300 |
| Units in ending inventory: | 1600 | ||
| Material (75%) | 1200 | ||
| Conversion (15%) | 240 | ||
| Equivalent units of production | 9900 | 9500 | 8540 |
| Cal Corporation Computation of Cost per equivalent unit - First Processing department |
|||
| Particulars | Material | Conversion | Total |
| Opening WIP | $12,000 | $2,000 | $14,000 |
| Cost Added during Period | $200,800 | $225,500 | $426,300 |
| Total cost to be accounted for | $212,800 | $227,500 | $440,300 |
| Equivalent units of production | 9500 | 8540 | |
| Cost per Equivalent unit | $22.40 | $26.64 |
| Cal Corporation Computation of Cost of ending WIP and units completed & transferred out - First processing Department |
|||
| Particulars | Material | Conversion | Total |
| Equivalent unit of Ending WIP | 1200 | 240 | |
| Cost per equivalent unit | $22.40 | $26.64 | |
| Cost of Ending WIP (Equivalent unit * Cost per equivalent unit) | $26,880 | $6,393 | $33,273 |
| Units completed and transferred | 8300 | 8300 | |
| Cost of units completed & Transferred (Unit completed * cost per equivalent unit) | $185,920 | $221,107 | $407,027 |
Tesla uses a weighted average method in its process costing system. This month, the beginning inventory...
Tesla uses a weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were Cost Percent Complete Materials costs $12,000 65% Conversion costs $2,000 10% A total of 9,200 units were started and 8,300 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,700 65% Conversion costs $ 6,800 45% A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
Carmon Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Carmon Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were: Materials costs: Cost: $18,615; Percent Complete: 85% Conversion costs: Cost: $6,804; Percent Complete: 60% A total of 7,900 units were started and 6,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete 65% 45% Materials costs Conversion costs $ 5,700 $ 6,800 A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete 65% 45% Materials costs Conversion costs $ 5,700 $ 6,800 A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $5,700 65% Conversion costs $6,800 45% A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during...
Annenbaum Corporation uses the weighted average method in its process costing system. This month, the beginning...
Annenbaum Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the fest processing department consisted of 2.000 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete Materials costs Conversion costs Cost $7,300 $8,400 A total of 9.700 units were started and 7.500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:...
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 12,200 65% Conversion costs $ 14,400 30% A total of 10,100 units were started and 9,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,500 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,800 65% Conversion costs $ 7,900 45% A total of 8,700 units were started and 7,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,800 50% Conversion costs $ 2,000 20% A total of 7,100 units were started and 6,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Tesla uses a weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were Cost Percent Complete Materials costs $12,000 65% Conversion costs $2,000 10% A total of 9,200 units were started and 8,300 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,700 65% Conversion costs $ 6,800 45% A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete 65% 45% Materials costs Conversion costs $ 5,700 $ 6,800 A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete 65% 45% Materials costs Conversion costs $ 5,700 $ 6,800 A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $5,700 65% Conversion costs $6,800 45% A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during...
Annenbaum Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the fest processing department consisted of 2.000 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete Materials costs Conversion costs Cost $7,300 $8,400 A total of 9.700 units were started and 7.500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:...
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