Quest Company reported the following department data for the month of January: Work in process, physical...
Quest Company reported the following department data for the month of January:
Work in process, physical units, January 1 1,100
Completed and transferred out physical units 13,200
Work in process, physical units, January 31 3,900
Materials are added at the beginning of the process. Conversion costs are added evenly throughout the process. The incomplete units are 30% completed as to conversion costs. What is the total number of equivalent units for materials for the period?
Homework Answers
The total number of equivalent units for materials for the period 17,100
| Equivalent Units | ||
| Physical units | Direct Materials | |
| Completed and transferred | 13,200 | 13,200 |
| Work in process, January 31 | 3,900 | 3,900 |
| 17,100 | 17,100 |
Add Answer to:
Quest Company reported the following department data for the
month of January:
Work in process, physical...
Quest Company reported the following department data for the month of January: Work in process, physical...
Quest Company reported the following department data for the month of January: Work in process, physical units, January 1 800 Completed and transferred out physical units 13,500 Work in process, physical units, January 31 3,700 Materials are added at the beginning of the process. Conversion costs are added evenly throughout the process. The incomplete units are 30% completed as to conversion costs. What is the total number of equivalent units for materials for the period? 2,900 14,300 17,200 9,800
In the month of June, a department had 20900 units in beginning work in process that were 65% complete. During June, 89...
In the month of June, a department had 20900 units in beginning work in process that were 65% complete. During June, 89600 units were started into production. At the end of June there were 10200 units in ending work in process that were 45% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. How many units were transferred out of the department in June? O 100300 units. 089600 units. O...
The following data (and annotations) are for Joyner Company's processing department work-in-process account for the month...
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 $26,145 Conversion costs 71,478 Current period Direct materials (5,000 units) 315,000 Direct labor 536,400 Manufacturing overhead applied 340,200 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 900 units, 70% complete. Compute the following: a....
The mixing department of tasty foods at 60,000 units to account for in October. Of the...
The
mixing department of tasty foods at 60,000 units to account for in
October. Of the 60,000 units 20,000 units were completed and
transferred to the next apartment at 40,000 units were 50% complete
all of the materials are added at the beginning of the process
conversion costs are added evenly through the mixing process in the
company uses the weighted average method. Compute the total
equivalent units of production for direct materials and conversion
cost
The Mixing Department of...
A department adds all raw materials to a process at the beginning of the process and...
A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 90500 units were started into production in January; and there were 21000 units that were 30% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for conversion costs for the...
Evans Company has the following data for the Assembly Department for August m cck the icon...
Evans Company has the following data for the Assembly Department for August m cck the icon love the data) Conversion costs are added evenly throughout the process. The company uses the weighted average method Read the requirement Data Table Scenario 1. Units in process at the end of August are 10% complete materials are added at the beginning of the process Evans Company Production Cost Report Assembly Department (Partian Month Ended August 31 Equivalent Units Physical Direct Conversion UNITS Units...
The Mixing Department of Foods for You had 65,000 units to account for in October. Of...
The Mixing Department of Foods for You had 65,000 units to account for in October. Of the 65,000 units, 45,000 units were completed and transferred to the next department, and 20,000 units were 55% complete. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the mixing process and the company uses the weighted average method. Compute the total equivalent units of production for direct materials and conversion costs for October. Foods...
Question l: Process Costing (20 marks) Leo International Manufacturing Inc's Assembly Department transfers costs and products...
Question l: Process Costing (20 marks) Leo International Manufacturing Inc's Assembly Department transfers costs and products to the company's Finishing Department when Assembly Department has done with its producing process. The Finishing Department has the following for the most recent accounting period: Conversion costs are incurred evenly throughout the process and direct materials are added at the very end of the process. Required: Use the weighted Average of cost flow to calculate the following items for Department Finishing for the...
Question l: Process Costing (20 marks) Leo International Manufacturing Inc's Assembly Department transfers costs and products...
Question l: Process Costing (20 marks) Leo International Manufacturing Inc's Assembly Department transfers costs and products to the company's Finishing Department when Assembly Department has done with its producing process. The Finishing Department has the following for the most recent accounting period: Conversion costs are incurred evenly throughout the process and direct materials are added at the very end of the process. Required: Use the weighted Average of cost flow to calculate the following items for Department Finishing for the...
Units to account for options: Beginning work-in process, Completed and transferred out, Ending work-in process, and...
Units to account for options: Beginning work-in process,
Completed and transferred out, Ending work-in process, and
Transferred in
AquaMate uses three processes to manufacture lifts for personal watercraft: forming a lift's parts from galvanized steel, assembling the lift, and testing the completed lift. (Click the icon to view additional information.) The cost transferred into Finished Goods Inventory is the cost of the lifts transferred out of the Testing Department. AquaMate uses weighted average process costing. Read the requirements. Requirement 1....
Quest Company reported the following department data for the month of January: Work in process, physical units, January 1 800 Completed and transferred out physical units 13,500 Work in process, physical units, January 31 3,700 Materials are added at the beginning of the process. Conversion costs are added evenly throughout the process. The incomplete units are 30% completed as to conversion costs. What is the total number of equivalent units for materials for the period? 2,900 14,300 17,200 9,800
In the month of June, a department had 20900 units in beginning work in process that were 65% complete. During June, 89600 units were started into production. At the end of June there were 10200 units in ending work in process that were 45% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. How many units were transferred out of the department in June? O 100300 units. 089600 units. O...
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 $26,145 Conversion costs 71,478 Current period Direct materials (5,000 units) 315,000 Direct labor 536,400 Manufacturing overhead applied 340,200 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 900 units, 70% complete. Compute the following: a....
The
mixing department of tasty foods at 60,000 units to account for in
October. Of the 60,000 units 20,000 units were completed and
transferred to the next apartment at 40,000 units were 50% complete
all of the materials are added at the beginning of the process
conversion costs are added evenly through the mixing process in the
company uses the weighted average method. Compute the total
equivalent units of production for direct materials and conversion
cost
The Mixing Department of...
A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 90500 units were started into production in January; and there were 21000 units that were 30% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for conversion costs for the...
Evans Company has the following data for the Assembly Department for August m cck the icon love the data) Conversion costs are added evenly throughout the process. The company uses the weighted average method Read the requirement Data Table Scenario 1. Units in process at the end of August are 10% complete materials are added at the beginning of the process Evans Company Production Cost Report Assembly Department (Partian Month Ended August 31 Equivalent Units Physical Direct Conversion UNITS Units...
The Mixing Department of Foods for You had 65,000 units to account for in October. Of the 65,000 units, 45,000 units were completed and transferred to the next department, and 20,000 units were 55% complete. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the mixing process and the company uses the weighted average method. Compute the total equivalent units of production for direct materials and conversion costs for October. Foods...
Question l: Process Costing (20 marks) Leo International Manufacturing Inc's Assembly Department transfers costs and products to the company's Finishing Department when Assembly Department has done with its producing process. The Finishing Department has the following for the most recent accounting period: Conversion costs are incurred evenly throughout the process and direct materials are added at the very end of the process. Required: Use the weighted Average of cost flow to calculate the following items for Department Finishing for the...
Question l: Process Costing (20 marks) Leo International Manufacturing Inc's Assembly Department transfers costs and products to the company's Finishing Department when Assembly Department has done with its producing process. The Finishing Department has the following for the most recent accounting period: Conversion costs are incurred evenly throughout the process and direct materials are added at the very end of the process. Required: Use the weighted Average of cost flow to calculate the following items for Department Finishing for the...
Units to account for options: Beginning work-in process,
Completed and transferred out, Ending work-in process, and
Transferred in
AquaMate uses three processes to manufacture lifts for personal watercraft: forming a lift's parts from galvanized steel, assembling the lift, and testing the completed lift. (Click the icon to view additional information.) The cost transferred into Finished Goods Inventory is the cost of the lifts transferred out of the Testing Department. AquaMate uses weighted average process costing. Read the requirements. Requirement 1....
Most questions answered within 3 hours.
-
I need to determine the concentration of hydrogen peroxide in a
solution using titrimetric analysis
25...
asked 24 seconds from now -
Your are the Vice-President of operations for a New Orleans food
chain. In the aftermath of...
asked 4 minutes ago -
Create a flowchart and a program; test the program. Program
Requirements.
- There are 10 members...
asked 4 minutes ago -
Which of the following is not a sensory receptor?
a. a hair cell
b. a rod
c. a...
asked 6 minutes ago -
Does the launch speed depend significantly upon the launching
angle? Is it reasonable?
asked 37 minutes ago -
A disc of moment of inertia 3.00 kgm2 is rotating with angular
velocity 2.00 rad/s about...
asked 22 minutes ago -
Hi, can somone help me with this question?
Omega Company reported the following information for the...
asked 28 minutes ago -
WHY SOME PEOPLE DECIDE TO STAY IN THEIR HOMES WHEN AN EXTREME
WEATHER EVENT SURROUNDS THEM.
asked 25 minutes ago -
Which of the following is a financial intermediary?
a mutual fund
the stock market
a U.S....
asked 35 minutes ago -
Completely and thoroughly explain how control charts could be
used by a company that makes eyeglass...
asked 44 minutes ago -
Explain how the equilibrium loanable funds interest rate is
determined? Please draw a picture of what...
asked 46 minutes ago -
Below is the trial balance of Tom’s Tents at 5 April 2018.
£
£
Trading account:...
asked 55 minutes ago