DriveTrain, Inc. instituted a new process in October 2020. During October, 10,600 units were started in...
DriveTrain, Inc. instituted a new process in October 2020. During October, 10,600 units were started in Department A. Of the units started, 8,150 were transferred to Department B, and 2,450 remained in Work-in-Process at October 31, 2020. The Work-in-Process at October 31, 2020, was 100% complete as to material costs and 50% complete as to conversion costs. Material costs of $28,620 and conversion costs of $37,500 were charged to Department A in October. What were the total costs transferred to Department B assuming Department A uses weighted-
average process costing?
Homework Answers
Material cost per unit = total material cost/(total units) = 28,620/(8.150+2,450) = 2.7
Conversion cost per unit = total conversion cost/(units transferred + 50% of WIP) = 37,500/(8,150+50%*2,450) = 4
So cost transferred to B = (material cost per unit + conversion cost per unit)*no of units = (2.7+4)*8,150 = 54,605
I hope it is useful to u if u have any doubt plz comment and plz give me up thumb
Add Answer to:
DriveTrain, Inc. instituted a new process in October 2020.
During October, 10,600 units were started in...
Cranford Company completed and transferred out 3,800 units in May 2020. There were 200 units in...
Cranford Company completed and transferred out 3,800 units in May 2020. There were 200 units in the Work-in-Process Inventory on May 31, 2020, 30% complete as to conversion costs and 100% complete as to materials. The month's charges for conversion costs and material costs were $21,230 and $16,000, respectively. There was no beginning inventory on May 1, 2020. What is the cost of the work transferred-out during May, assuming that Cranford uses weighted average process costing?
Cranford Company completed and transferred out 3,100 units in May 2020. There were 200 units in...
Cranford Company completed and transferred out 3,100 units in May 2020. There were 200 units in the Work-in-Process Inventory on May 31, 2020, 30% complete as to conversion costs and 100% complete as to materials. The month's charges for conversion costs and material costs were $13,430 and $10,890, respectively. There was no beginning Inventory on May 1, 2020. What is the cost of the work transferred-out during May, assuming that Cranford uses weighted-average process costing? Multiple Choice $24.320. O O...
Richards Corporation uses the FIFO method of process costing. The following information is available for October...
Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 95,000 units, 70% complete as to materials and 20% complete as to conversion. Units started and completed: 265,000. Units completed and transferred out: 360,000. Ending Inventory: 37,500 units, 30% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process -...
(c) The Assembly Department started the month with 78,000 units in its beginning work in process...
(c) The Assembly Department started the month with 78,000 units in its beginning work in process inventory. An additional 254,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 21,000 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month? (d) Cawper Company uses the FIFO method in its process costing system. The Assembly Department...
4. Narver Corporation uses the weighted-average method in its process costing system. Operating data for the...
4. Narver Corporation uses the weighted-average method in its
process costing system. Operating data for the Lubricating
Department for the month of October appear below:
What were the equivalent units for conversion costs in the
Lubricating Department for October?
___________________________________________________________________________________
5. Baker Corporation uses the weighted-average method in its
process costing system. The Assembly Department started the month
with 8,000 units in its beginning work in process inventory that
were 90% complete with respect to conversion costs. An additional
95,000...
2. Fabian Corporation uses the weighted-average method in its process costing system. The Assembly Department started...
2. Fabian Corporation uses the weighted-average method in its
process costing system. The Assembly Department started the month
with 9,000 units in its beginning work in process inventory that
were 70% complete with respect to conversion costs. An additional
90,000 units were transferred in from the prior department during
the month to begin processing in the Assembly Department. During
the month 87,000 units were completed in the Assembly Department
and transferred to the next processing department. There were
12,000 units...
1. (2 points) Jason Corporation uses the weighted average method in its process costing system. The...
1. (2 points) Jason Corporation uses the weighted average method in its process costing system. The Assembly Department started the month with 10,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 55,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. During the month 52,000 units were completed in the Assembly Department and transferred to the next processing department. There...
you serve ware and uses process costing. At the start of May, 2,300 units were in...
you serve ware and uses process costing. At the start of May, 2,300 units were in process. During May, 11,000 units were completed and 2,000 units were in process at the end of May. The units in process at the end of May were 80% complete with respect to material and 30% complete with respect to conversion costs. Other information is as follows: Work in process, May 1: Direct material $28,800 Conversion costs 48,000 Costs incurred during May: Direct material...
23. Fabian Corporation uses the weighted-average method in its process costing system. The Assembly Department started...
23. Fabian Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 9,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 90,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. During the month 87,000 units were completed in the Assembly Department and transferred to the next processing department. There were 12,000 units...
Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the mon...
Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 4,200 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 66,500 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 29,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion...
Cranford Company completed and transferred out 3,800 units in May 2020. There were 200 units in the Work-in-Process Inventory on May 31, 2020, 30% complete as to conversion costs and 100% complete as to materials. The month's charges for conversion costs and material costs were $21,230 and $16,000, respectively. There was no beginning inventory on May 1, 2020. What is the cost of the work transferred-out during May, assuming that Cranford uses weighted average process costing?
Cranford Company completed and transferred out 3,100 units in May 2020. There were 200 units in the Work-in-Process Inventory on May 31, 2020, 30% complete as to conversion costs and 100% complete as to materials. The month's charges for conversion costs and material costs were $13,430 and $10,890, respectively. There was no beginning Inventory on May 1, 2020. What is the cost of the work transferred-out during May, assuming that Cranford uses weighted-average process costing? Multiple Choice $24.320. O O...
4. Narver Corporation uses the weighted-average method in its
process costing system. Operating data for the Lubricating
Department for the month of October appear below:
What were the equivalent units for conversion costs in the
Lubricating Department for October?
___________________________________________________________________________________
5. Baker Corporation uses the weighted-average method in its
process costing system. The Assembly Department started the month
with 8,000 units in its beginning work in process inventory that
were 90% complete with respect to conversion costs. An additional
95,000...
2. Fabian Corporation uses the weighted-average method in its
process costing system. The Assembly Department started the month
with 9,000 units in its beginning work in process inventory that
were 70% complete with respect to conversion costs. An additional
90,000 units were transferred in from the prior department during
the month to begin processing in the Assembly Department. During
the month 87,000 units were completed in the Assembly Department
and transferred to the next processing department. There were
12,000 units...
1. (2 points) Jason Corporation uses the weighted average method in its process costing system. The Assembly Department started the month with 10,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 55,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. During the month 52,000 units were completed in the Assembly Department and transferred to the next processing department. There...
you serve ware and uses process costing. At the start of May, 2,300 units were in process. During May, 11,000 units were completed and 2,000 units were in process at the end of May. The units in process at the end of May were 80% complete with respect to material and 30% complete with respect to conversion costs. Other information is as follows: Work in process, May 1: Direct material $28,800 Conversion costs 48,000 Costs incurred during May: Direct material...
Most questions answered within 3 hours.
-
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 57 minutes ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 1 hour ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 1 hour ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 1 hour ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 1 hour ago -
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 2 hours ago -
A manufacturer of banana chips would like to know whether its
bag filling machine works correctly...
asked 2 hours ago -
Complete the chapter case, "Turnover Analysis".
Chapter Case
Turnover Analysis
You recently completed your company’s new...
asked 2 hours ago -
What is the pH of solutions having the following H3O+
concentrations? Identify each as acidic, basic,...
asked 2 hours ago -
How does over-voltage of the diode usually occur?
asked 2 hours ago -
If you step on a dirty nail, your doctor will recommend you
update your Tetanus vaccination....
asked 2 hours ago -
Suppose that decreases in the price of milk lead to decrease s
in the retail prices...
asked 2 hours ago