Homework Answers
Answer
- Requirement asked
|
a |
EU of production |
$355,200 |
=+(344000*100%)+(16000*70%) |
|
b |
EU of production |
$514,800 |
=+((40000+480000-26000)*100%)+(26000*80%) |
|
c |
EU of production |
$419,580 |
=+(415800*100%)+((15000+405000-415800)*90%) |
|
d |
EU of production |
$359,835 |
=+(351600*100%)+(18300*45%) |
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WA EUP For each of the following situations, use the weighted average method to determine the...
1. Skipper Company used the weighted average method in its process costing system. The following data...
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Company uses the weighted average method in its process-costing system. Operating data for the first processing...
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production. It produces parts in three separate departments:
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obtained for the Assembling Department for the month of April.
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Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: All materials are added at the beginning of the process. Beginning work in process had 81,400 units, 30 percent complete with respect to conversion costs. Ending work in process had 12,100 units, 25 percent complete with respect to conversion costs. Started in process, 110,000 units. Required: 1....
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a. Complete the production cost report using
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unit" to 2 decimal places.)
Complete the production cost report using FIFO
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Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to...
Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 75,000 units made up of the
following.
Amount
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Prior department costs transferred in from the Molding
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192,000
100
%
Costs added by...
Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to...
Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 104,000 units made up of the
following:
Amount
Degree of Completion
Prior department costs transferred in from the Molding
Department
$
138,320
100
%
Costs added by...
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Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 103,000 units made up of the
following.
Amount
Degree of Completion
Prior department costs transferred in from the Molding
Department
$
135,960
100
%
Costs added by...
Equivalent Units and Product cost Report-Weighted Average Method The following data (and annotations) are for Joyner Company's processing department work-in-process account for the month of June 2019: Beginning inventory (700 units, 40% complete) Direct materials $29,050 Conversion costs 79,420 Current period Direct materials (5,000 units) 350,000 Direct labor 596,000 Manufacturing overhead applied 378,000 Joyner uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of...
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a. Complete the production cost report using
the weighted-average method. (Round "Cost per equivalent
unit" to 2 decimal places.)
Complete the production cost report using FIFO
Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). WIP inventory-Department T Beginning inventory ((8,500 units, 30 % complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (19,500 units started) Prior department...
Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 75,000 units made up of the
following.
Amount
Degree of Completion
Prior department costs transferred in from the Molding
Department
$
192,000
100
%
Costs added by...
Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 104,000 units made up of the
following:
Amount
Degree of Completion
Prior department costs transferred in from the Molding
Department
$
138,320
100
%
Costs added by...
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