Intask Corporation uses the first-in, first-out method in its process costing system. Beginning inventory in the...
Intask Corporation uses the first-in, first-out method in its process costing system. Beginning inventory in the mixing department consisted of 7,300 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 6,300 units that were 60% complete with respect to conversion costs. If 14,600 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be:
Multiple Choice
15,425 units
12,905 units
16,425 units
15,600 units
Homework Answers
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| In task Corporation | |||
| FIFO | |||
| Started and completed in same month | Whole Units | ||
| Units completed in the month | 14,600.00 | ||
| Less: Opening Inventory | 7,300.00 | ||
| Started and completed in the month: | 7,300.00 | ||
| Equivalent Units of production for Conversion | Whole Units | % Conversion | EUP |
| Flow of production of units: | |||
| Units in opening WIP Inventory | 7,300.00 | 25% | 1,825.00 |
| Started and completed in the month | 7,300.00 | 100% | 7,300.00 |
| Units in ending WIP Inventory | 6,300.00 | 60% | 3,780.00 |
| Equivalent Units of production for Conversion | 20,900.00 | 12,905.00 | |
| So answer is 12905 units. |
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Intask Corporation uses the first-in, first-out method in its
process costing system. Beginning inventory in the...
Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing...
Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of 6,500 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 5,500 units that were 60% complete with respect to conversion costs. If 13,000 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be:
Intask Corporation uses the FIFO method in its process costing system Beginning imventory in the mixing...
Intask Corporation uses the FIFO method in its process costing system Beginning imventory in the mixing department consisted of 6,900 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 5,900 units that were 60% complete with respect to conversion costs. If 13,800 units were transferred to the next processing department during the period the equivalent units of production for comversion cost would be: Multple Choice 14.525 units 12365 unts 15.525 unts 14800...
C)$200,000 D) $136,000 9) Intask Corporation uses the FIFO method in its process costing system. Beginning...
C)$200,000 D) $136,000 9) Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of6100 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of $100 units that were 60% complete with respect to conversion costs. If 12,200 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be: C)12,725 units D) 10,685 units A)...
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Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,000 50% Conversion costs $ 2,200 20% A total of 7,300 units were started and 6,600 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
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Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1.600 units. The costs and percentage completion of these units in beginning inventory were: Percent Cost Complete Materials costs $6,700 508 Conversion costs $ 2,900 203 A total of 8,000 units were started and 7,300 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,800 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,900 50% Conversion costs $ 3,100 20% A total of 8,200 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,200 units. The costs and percentage completion of these units in beginning inventory were: Percent Cost Complete Materials costs $ 6,300 50% Conversion costs $ 2,500 20% A total of 7,600 units were started and 6,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,600 50% Conversion costs $ 1,800 20% A total of 6,900 units were started and 6,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Intask Corporation uses the FIFO method in its process costing system Beginning imventory in the mixing department consisted of 6,900 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 5,900 units that were 60% complete with respect to conversion costs. If 13,800 units were transferred to the next processing department during the period the equivalent units of production for comversion cost would be: Multple Choice 14.525 units 12365 unts 15.525 unts 14800...
C)$200,000 D) $136,000 9) Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of6100 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of $100 units that were 60% complete with respect to conversion costs. If 12,200 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be: C)12,725 units D) 10,685 units A)...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete 50% 20% Cost $6,000 $2,200 Materials costs Conversion costs A total of 7,300 units were started and 6,600 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during...
Hverage method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were Materials costs Conversion costs Cost $5,700 $1,900 Percent Complete sex 20% A total of 7,000 units were started and 6,300 units were transferred to the second processing department during the month The following costs were incurred in the first processing department during the month Cost Materials costs...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1.600 units. The costs and percentage completion of these units in beginning inventory were: Percent Cost Complete Materials costs $6,700 508 Conversion costs $ 2,900 203 A total of 8,000 units were started and 7,300 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,200 units. The costs and percentage completion of these units in beginning inventory were: Percent Cost Complete Materials costs $ 6,300 50% Conversion costs $ 2,500 20% A total of 7,600 units were started and 6,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...
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