ANSWER. EQUIVALENT UNITS OF PRODUCTION
MATERIAL
JANUARY = $40,900 + $11,400 (100 % COMPLETE ASSUMED)= $52,300
MARCH = $44,300 + $8,400 (100 % COMPLETE ASSUMED) = $52,700
JULY = $46,100 + $21,700 (100 % COMPLETE ASSUMED) = $67,800
CONVERSION COST
JANUARY = $40,900 + ($11,400 *41% COMPLETE) = $45,574
MARCH = $44,300 + ($8,400 * 75% COMPLETE) = $50,600
JULY = $46,100 + ( $21,700 * 20% COMPLETE) = $50,440
ble eTextbook ment INTROD Brief Exercise 16-04 CALCULATOR FULL Your answer is partially correct. Try again....
Brief Exercise 16-04 Goode Company has the following production data for selected months. Ending Work in Process Complete as to Units Conversion Cost Month Beginning Work in Process Units Transferred Out January March July 39,400 41,500 47,100 11,000 8,900 22,000 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process Materials Conversion Costs January March Click if you would like to Show Work for this question: Open Show Work
Exercise 16-13 Your answer is partially correct. Try again. The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,200 units, 1/10 complete Materials $18,100 Units transferred out 54,700 Conversion costs 14,760 $32,860 Units started 51,000 Materials 220,220 Ending work in process 11,500 units, 1/5 complete Labor 67,500 Overhead 89,880 Prepare...
Goode Company has the following production data for selected months. Ending Work in Process Month Beginning Work in Process Units Transferred Out Units % Complete as to Conversion Cost January 0 36,800 10,700 42 % March 0 42,700 8,500 70 July 0 46,300 21,700 21 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July
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Brief Exercise 17-4 Goode Company has the following production data for selected months. Beginning Work in Process Month January March July Units Transferred Out 36,500 45,600 50,100 Ending Work in Process % Complete as to Units Conversion Cost 13,800 42 % 8,500 72 17,400 20 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July
CALCULATOR PULL SCREEN PRINTER VERSION « BACK NEXT Exercise 3-5 (Video) In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Ending Work in Process Work In Process Conversion Units Conversion Month Units Cost% Transferred Out Units Cost% January 0 3,000 69 March 0 12,200 4,200 33 15,600 7,620...
Brief Exercise 21-4 Your answer is partially correct. Try again. Perine Company has 2,983 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,520 and 5,720 units, respectively. 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 22% of next month's materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations...
CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION CRACK In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows Ending Work in Process Beginning Work in Process Conversion Units Costo Month Conversion Cost January Units Transferred Out 11,900 13,100 14,900 11,600 March May Units 3,100 3,700 7,930 2,100 July Compute...
Exercise 16-14 Your answer is partially correct. Try again. Remington Inc. is contemplating the use of process costing to track the costs of its operations. The operation consists of three segments (departments): Receiving, Shipping, and Delivery. Containers are received at Remington's docks and sorted according to the ship they will be carried on. The containers are loaded onto a ship, which carries them to the appropriate port of destination. The containers are then off-loaded and delivered to the Receiving Department....
Exercise 21-05 a-b In Sunland Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Ending Work in Process Beginning Work in Process Conversion Units Cost% Conversion Month 60 January March May July Units Transferred Out 11,600 12,600 15,100 10,200 Units 1,900 4,100 7,140 1,700 0 Compute the physical units for January...