Homework Answers
Answer - A $126,000 units
Total equivalent units for material
=material work in progress Units( month beginning)+ Units completed and transferred during july + material work in progress inventory (july end)
= 36,000*0%+102,000*100%(units)+ 24000*100%(units)
= 0+102,000+24,000
=126,000 units.
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Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method. Data for...
Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for...
Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for July: Work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) Conversion (50% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials Conversion costs $122,400 76,800 $199,200 90,000 102,000 24,000 $180,000 288,000 Cost per equivalent unit for conversion under...
dule 3 Quiz Served Matrix Inc. calculates cost for an equivalent unit of production using the...
dule 3 Quiz Served Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. 6 Data for July: Work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) Conversion (50% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials Conversion costs $122,400 76,800 $199, 200 90,000 102,000 24,000 $180,000 288,000...
Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data...
Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data for July: Work-in-process inventory, July 1 (38,500 units): Direct materials (90% completed) $122,250 Conversion (53% completed) 77,750 Balance in work in process inventory, July 1 $200,000 Units started during July 89,500 Units completed and transferred 102,200 Work-in-process inventory, July 31: Direct materials (90% completed) 25,800 Conversion (53% completed) Cost incurred during July: Direct materials $172,000 Conversion costs 269,500 The cost of goods completed and...
Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data...
Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data for July: Work-in-process inventory, July 1 (38,000 units): Direct materials (91% completed) Conversion (52% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (91% completed) Conversion (52% completed) Cost incurred during July: Direct materials Conversion costs $122,200 77,700 $199,900 89,000 101,300 25,700 $171,500 269,000 The cost of goods completed and...
Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for...
Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for July: Work-in-process inventory, July 1 (39,500 units): Direct materials (88% completed) Conversion (55% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (88% completed) Conversion (55% completed) Cost incurred during July: Direct materials Conversion costs $122,350 77,850 $200,200 95,000 108,500 26,000 $173,000 270,500 Total equivalent units for conversion under the...
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for...
Pablo Company calculates the cost for an equivalent unit of
production using process costing.
Data for June
Work-in-process inventory, June 1: 16,000
units
Direct materials: 100% complete
$
32,000
Conversion: 40% complete
12,800
Balance in work-in-process, June 1
$
44,800
Units started during June
39,200
Units completed and transferred out
39,200
Work-in-process inventory, June 30
16,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials
$
90,160
Conversion costs
Direct labor
90,160
Applied overhead
121,520
Total...
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for...
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 21,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials Conversion costs Direct labor Applied overhead Total conversion costs $ 42,000 16,800 $ 58,800 50,200 50,200 21,000 $140,560 140,560...
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for...
Pablo Company calculates the cost for an equivalent unit of
production using process costing.
Data for June
Work-in-process inventory, June 1: 15,000
units
Direct materials: 100% complete
$
30,000
Conversion: 40% complete
12,000
Balance in work-in-process, June 1
$
42,000
Units started during June
37,000
Units completed and transferred out
37,000
Work-in-process inventory, June 30
15,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials
$
81,400
Conversion costs
Direct labor
81,400
Applied overhead
111,000
Total...
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for...
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 25,000 units Direct materials: 100% complete $ 50,000 Conversion: 40% complete 20,000 Balance in work-in-process, June 1 $ 70,000 Units started during June 59,000 Units completed and transferred out 59,000 Work-in-process inventory, June 30 25,000 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials $ 188,800 Conversion costs Direct labor 188,800 Applied overhead 236,000 Total...
Pablo Company calculates the cost for an equivalent unit of production using costing. Data For June...
Pablo Company calculates the cost for an equivalent unit of production using costing. Data For June Work in process inventory, June 1: 30,000 units Direct materials: 100% complete 60,000 Conversation: 40% complete 25,000 Balance in work process 85,000 Units started during June 70,000 Units completed and transferred out 70,000 Work in process inventory, June 30 30,000 Direct materials: 100% complete Conservation: 80% complete Costs incurred during June Direct materials 122,500 Conversation costs Direct labor 119,720 Applied overhead 179,580 Total conversation...
Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for July: Work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) Conversion (50% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials Conversion costs $122,400 76,800 $199,200 90,000 102,000 24,000 $180,000 288,000 Cost per equivalent unit for conversion under...
dule 3 Quiz Served Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. 6 Data for July: Work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) Conversion (50% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials Conversion costs $122,400 76,800 $199, 200 90,000 102,000 24,000 $180,000 288,000...
Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data for July: Work-in-process inventory, July 1 (38,500 units): Direct materials (90% completed) $122,250 Conversion (53% completed) 77,750 Balance in work in process inventory, July 1 $200,000 Units started during July 89,500 Units completed and transferred 102,200 Work-in-process inventory, July 31: Direct materials (90% completed) 25,800 Conversion (53% completed) Cost incurred during July: Direct materials $172,000 Conversion costs 269,500 The cost of goods completed and...
Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data for July: Work-in-process inventory, July 1 (38,000 units): Direct materials (91% completed) Conversion (52% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (91% completed) Conversion (52% completed) Cost incurred during July: Direct materials Conversion costs $122,200 77,700 $199,900 89,000 101,300 25,700 $171,500 269,000 The cost of goods completed and...
Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for July: Work-in-process inventory, July 1 (39,500 units): Direct materials (88% completed) Conversion (55% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (88% completed) Conversion (55% completed) Cost incurred during July: Direct materials Conversion costs $122,350 77,850 $200,200 95,000 108,500 26,000 $173,000 270,500 Total equivalent units for conversion under the...
Pablo Company calculates the cost for an equivalent unit of
production using process costing.
Data for June
Work-in-process inventory, June 1: 16,000
units
Direct materials: 100% complete
$
32,000
Conversion: 40% complete
12,800
Balance in work-in-process, June 1
$
44,800
Units started during June
39,200
Units completed and transferred out
39,200
Work-in-process inventory, June 30
16,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials
$
90,160
Conversion costs
Direct labor
90,160
Applied overhead
121,520
Total...
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 21,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials Conversion costs Direct labor Applied overhead Total conversion costs $ 42,000 16,800 $ 58,800 50,200 50,200 21,000 $140,560 140,560...
Pablo Company calculates the cost for an equivalent unit of
production using process costing.
Data for June
Work-in-process inventory, June 1: 15,000
units
Direct materials: 100% complete
$
30,000
Conversion: 40% complete
12,000
Balance in work-in-process, June 1
$
42,000
Units started during June
37,000
Units completed and transferred out
37,000
Work-in-process inventory, June 30
15,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials
$
81,400
Conversion costs
Direct labor
81,400
Applied overhead
111,000
Total...
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