Homework Answers
| Kellogg Company |
| Equivalent Units of Production for Cereal, Boxes, and Conversion Cost |
| For March |
| Cereal (in pounds) | Boxes (in boxes) | Conversion Cost (in boxes) | |
| Inventory in process, March 1 | 0 | 0 | 800 |
| Started and completed in March | 96900 (65400*1.5)-800 |
64600 (65400-800) |
64600 (65400-800) |
| Transferred to finished goods in March | 96900 | 64600 | 65400 |
| Inventory in process, March 31 | 900 | 600 | 0 |
| Total | 97800 | 65200 | 65400 |
Add Answer to:
Kellogg Company (K) manufactures cold cereal products, such as Frosted Flakes. Assume that the inventory in...
Equivalent Units of Production Wheatmore Company manufactures cold cereal products, such as Frosted Flakes. Assume that...
Equivalent Units of Production Wheatmore Company manufactures cold cereal products, such as Frosted Flakes. Assume that the inventory in process on March 1 for the Packing Department included 1,110 pounds of cereal in the packing machine hopper, (enough for 740 24-oz. boxes) and 740 empty 24-oz. boxes held in the package carousel of the packing machine. During March, 61,420 boxes of 24-oz. cereal were packaged. Conversion costs are incurred when a box is filled with cereal. On March 31, the...
Equivalent Units of Production Wheatmore manufactures cold cereal products such as Frosted Flakes. Assume that the...
Equivalent Units of Production Wheatmore manufactures cold cereal products such as Frosted Flakes. Assume that the inventory in process on March 1 for the Packing Department included 660 pounds of cereal in the packing machine hopper (enough for 440 24-oz. boxes) and 440 empty 24-oz. boxes held in the package carousel of the packing machine. During March, 36,520 boxess of 24-oz. cereal were packaged. Conversion costs are incurred when a box is filled with cereal. On March 31, the packing...
EX 17-9 Equivalent units of production Obj. 2 Kellogg Company manufactures cold cereal products, such as...
EX 17-9 Equivalent units of production Obj. 2 Kellogg Company manufactures cold cereal products, such as Frosted FIARE the inventory in process on March 1 for the I Scold cereal products, such as Frosted Flakes. Assume that o in process on March 1 for the Packing Department included 1,200 pounds of cereal in the packing machine hopper (enough for 800 24-oz. boxes) an boxes held in the package carousel of the packing er enough for 800 24-oz. boxes) and 800...
Equivalent Units of Production Wheatmore Company manufactures cold cereal products, such as Frosted Flakes. Assume that...
Equivalent Units of Production Wheatmore Company manufactures cold cereal products, such as Frosted Flakes. Assume that the inventory in process on March 1 for the Packing Department included 690 pounds of cereal in the packing machine hopper, (enough for 460 24-oz. boxes) and 460 empty 24-oz. boxes held in the package carousel of the packing machine. During March, 38,180 boxes of 24-oz. cereal were packaged. Conversion costs are incurred when a box is filled with cereal. On March 31, the...
Mastery Problem: Process Cost Systems Grainy Goodness Company Grainy Goodness Company manufactures granola cereal by a...
Mastery Problem: Process Cost Systems Grainy Goodness Company Grainy Goodness Company manufactures granola cereal by a series of three processes, beginning materials such as oats, sweeteners, and nuts being introduced in the Mixing Department. From the Mixing Department, the materials pass through the Baking and Packaging departments, emerging as boxed granola cereal ready for shipment to retail outlets. Direct materials are added at the beginning of each process, and conversion costs are incurred evenly throughout production in each department. During...
Grainy Goodness Company Grainy Goodness Company manufactures granola cereal by a series of three processes, beginning...
Grainy Goodness Company Grainy Goodness Company manufactures granola cereal by a series of three processes, beginning materials such as oats, sweeteners, and nuts being introduced in the Mixing Department. From the Mixing Department, the materials pass through the Baking and Packaging departments, emerging as boxed granola cereal ready for shipment to retail outlets. Direct materials are added at the beginning of each process, and conversion costs are incurred evenly throughout production in each department. During March, the President and sole...
Mastery Problem: Process Cost Systems Grainy Goodness Company Grainy Goodness Company manufactures granola cereal by a...
Mastery Problem: Process Cost Systems Grainy Goodness Company Grainy Goodness Company manufactures granola cereal by a series of three processes, beginning materials such as oats, sweeteners, and nuts being introduced in the Mixing Department. From the Mixing Department, the materials pass through the Baking and Packaging departments, emerging as boxed granola cereal ready for shipment to retail outlets. Direct materials are added at the beginning of each process, and conversion costs are incurred evenly throughout production in each department. During...
Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of...
Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Owen Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows. Production Data—Bicycles Units Percentage Complete Work in process units, March 1 200 80 % Units started into production 1,440 Work in process units, March 31 300 40 % Cost Data—Bicycles Work in process...
Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of...
Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Owen Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows. Units 210 Percentage Complete 80 % Production Data-Bicycles Work in process units, March 1 Units started into production Work in process units, March 31 1.270 300 40 % Cost Data-Bicycles Work in process...
Grainy Goodness Company manufactures granola cereal by a series of three processes, beginning materials such as...
Grainy Goodness Company manufactures granola cereal by a series of three processes, beginning materials such as oats, sweeteners, and nuts being introduced in the Mixing Department. From the Mixing Department, the materials pass through the Baking and Packaging departments, emerging as boxed granola cereal ready for shipment to retail outlets. Direct materials are added at the beginning of each process, and conversion costs are incurred evenly throughout production in each department. During March, the President and sole stockholder, Jonathan Groat,...
Equivalent Units of Production Wheatmore Company manufactures cold cereal products, such as Frosted Flakes. Assume that the inventory in process on March 1 for the Packing Department included 1,110 pounds of cereal in the packing machine hopper, (enough for 740 24-oz. boxes) and 740 empty 24-oz. boxes held in the package carousel of the packing machine. During March, 61,420 boxes of 24-oz. cereal were packaged. Conversion costs are incurred when a box is filled with cereal. On March 31, the...
Equivalent Units of Production Wheatmore manufactures cold cereal products such as Frosted Flakes. Assume that the inventory in process on March 1 for the Packing Department included 660 pounds of cereal in the packing machine hopper (enough for 440 24-oz. boxes) and 440 empty 24-oz. boxes held in the package carousel of the packing machine. During March, 36,520 boxess of 24-oz. cereal were packaged. Conversion costs are incurred when a box is filled with cereal. On March 31, the packing...
EX 17-9 Equivalent units of production Obj. 2 Kellogg Company manufactures cold cereal products, such as Frosted FIARE the inventory in process on March 1 for the I Scold cereal products, such as Frosted Flakes. Assume that o in process on March 1 for the Packing Department included 1,200 pounds of cereal in the packing machine hopper (enough for 800 24-oz. boxes) an boxes held in the package carousel of the packing er enough for 800 24-oz. boxes) and 800...
Equivalent Units of Production Wheatmore Company manufactures cold cereal products, such as Frosted Flakes. Assume that the inventory in process on March 1 for the Packing Department included 690 pounds of cereal in the packing machine hopper, (enough for 460 24-oz. boxes) and 460 empty 24-oz. boxes held in the package carousel of the packing machine. During March, 38,180 boxes of 24-oz. cereal were packaged. Conversion costs are incurred when a box is filled with cereal. On March 31, the...
Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Owen Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows. Units 210 Percentage Complete 80 % Production Data-Bicycles Work in process units, March 1 Units started into production Work in process units, March 31 1.270 300 40 % Cost Data-Bicycles Work in process...
Most questions answered within 3 hours.
-
Which statement is always true: The total energy of a closed
system...
A) is always equally...
asked 4 minutes ago -
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 2 hours ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 2 hours ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 4 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 4 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 5 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 6 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 6 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 8 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 8 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 9 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 10 hours ago