Homework Answers
Equivalent unit for direct material = (BWIP*percent completion)+Unit started and completed+(EWIP*percent completion)
= (5000*30%)+45000+(4000*40%)
Equivalent unit for direct material = 48100 Units
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Refer to the following information about the Finishing Department in the Gallagher Factory for the month...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. 5,000 units 70% 25% $7,350 $3,125 Beginning Work in Process inventory: Physical units..... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May Product started: Physical units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs Manufacturing costs for...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units.......... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units....... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units........... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units..... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
efer to the following information about the Finishing Department in the Gallagher Factory for the month...
efer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units…………………………………………... 5,000 units % complete for materials 70% % complete for conversion costs 25% Materials cost from May $7,350 Conversion costs from May $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units 4,000 units % complete for materials 40% % complete for...
Refer to the following information about the Assembly Department in the Honey Bee Factory for the...
Refer to the following information about the Assembly Department in the Honey Bee Factory for the month of July. Honey Bee Factory uses the weighted average method of inventory costing. 6,000 units Beginning Work in Process inventory: Physical units (completed in July) % complete for materials % complete for conversion (labor and overhead) 80% 30% Materials Cost from June $8,125 Conversion cost from June $6,540 30,000 units 7,000 units Products started and completed in July: Physical Units Ending Work in...
ABC Company’s Finishing Department uses process costing and had the following data available for the month...
ABC Company’s Finishing Department uses process costing and had the following data available for the month of October: Beginning work in process 4,000 units Units started 2,400 units Units completed and transferred out 5,500 units Ending work in process 900 units The units in beginning work in process were 100% complete with respect to materials and 25% complete with respect to conversion costs. The units in ending work in process were 100% complete with respect to materials and 75% complete...
Calculator The following production data were taken from the records of the Finishing Department for June...
Calculator The following production data were taken from the records of the Finishing Department for June Inventory in process, June 1, 30% completed 4,000 units Completed units during June 65,000 units Ending Inventory, 60% completed 65,000 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost Inventories and materials were added at the beginning of the process, is Oa. 68,000 units Ob. 76,000...
Please help solve The Finishing Department started the month with 900 units in process, received 1,500...
Please help solve
The Finishing Department started the month with 900 units in process, received 1,500 units from the Assembly Department, and transferred 1,600 units to the finished goods storage area. All direct materials are added at the beginning of the process. The units in process at the end of the month are 20% complete with respect to conversion costs. The department uses the weighted average method. The Finishing Department incurred the following costs: (Click the icon to view the...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. 5,000 units 70% 25% $7,350 $3,125 Beginning Work in Process inventory: Physical units..... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May Product started: Physical units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs Manufacturing costs for...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units.......... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units....... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units........... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units..... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May 5,000 units 70% 25% $7,350 $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs 4,000...
Refer to the following information about the Assembly Department in the Honey Bee Factory for the month of July. Honey Bee Factory uses the weighted average method of inventory costing. 6,000 units Beginning Work in Process inventory: Physical units (completed in July) % complete for materials % complete for conversion (labor and overhead) 80% 30% Materials Cost from June $8,125 Conversion cost from June $6,540 30,000 units 7,000 units Products started and completed in July: Physical Units Ending Work in...
Calculator The following production data were taken from the records of the Finishing Department for June Inventory in process, June 1, 30% completed 4,000 units Completed units during June 65,000 units Ending Inventory, 60% completed 65,000 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost Inventories and materials were added at the beginning of the process, is Oa. 68,000 units Ob. 76,000...
Please help solve
The Finishing Department started the month with 900 units in process, received 1,500 units from the Assembly Department, and transferred 1,600 units to the finished goods storage area. All direct materials are added at the beginning of the process. The units in process at the end of the month are 20% complete with respect to conversion costs. The department uses the weighted average method. The Finishing Department incurred the following costs: (Click the icon to view the...
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