Homework Answers
| Physical Flow | |||
| Units to account for | |||
| Unit to beginning work in process | 23000 | ||
| Units started | 35000 | ||
| Total Units | 58000 | ||
| Units accounted for | |||
| Units completed | 47500 | ||
| Units in ending WIP | 10500 | ||
| Total Units account for | 58000 | ||
| Equivalent unit | |||
| Units completed | 47500 | ||
| Ending work in process (10500*20%) | 2100 | ||
| Total equivalent units | 49600 | ||
| Cost information | |||
| Cost to account for | |||
| Cost in beginning work in process | 85600 | ||
| Cost added by department | 340960 | ||
| Total costs to account for | 426560 | ||
| Cost per equivalent unit (426560/49600) | 8.6 | ||
| Costs accounted for | |||
| Transferred out | Ending work in process | Total | |
| Goods transferred out | 408500 | 408500 | |
| Goods in ending work in process | 18060 | 18060 | |
| Total costs accounted for | 408500 | 18060 | 426560 |
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Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling....
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling....
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.): Production: Units in process, April 1, 60% complete 32,000 Units completed and transferred out 49,000 Units in process, April 30, 20% complete 12,000 Costs: WIP, April 1 $ 90,600 Costs added during April 413,120 Required: Prepare a...
Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted...
Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.): Production: Units in process, April 1, 60% complete 33,500 Units completed and transferred out 43,000 Units in process, April 30, 20% complete 7,500 Costs: WIP, April 1 $ 95,600 Costs added during April 300,450 Required: Prepare a production report for the...
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling....
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.) Production: Units in process, April 1, 60% complete 35,000 Units completed and transferred out 44,500 Units in process, April 30, 20% complete 6,000 Costs: $ 80,600 WIP, April 1 Costs added during April 266,720 Ending Work in...
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling....
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.): Production: Units in process, April 1, 60% complete 5,000 Units completed and transferred out 44.500 Units in process, April 30, 20% complete Costs: $ 90,600 WIP, April 1 Costs added during April Required: 348,120 Prepare a production...
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling....
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.): Production: Units in process, April 1, 60% complete 21,500 49,000 Units completed and transferred out Units in process, April 30, 20% complete 10,500 Costs: WIP, April 1 $ 95,600 Costs added during April 287,650 Ranuired. Weighted Average...
Production Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer...
Production Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October: Production: Units in process, October 1, 40% complete 5,600 Units completed and transferred out 38,080 Units in process, October 31, 60% complete 11,200 Costs: WIP, October 1 $ 44,800 Costs added during October 851,200 Required: Prepare a production...
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Production Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October: Production: Units in process, October 1, 40% complete 4,800 Units completed and transferred out 32,640 Units in process, October 31, 60% complete 9,600 Costs: WIP, October 1 $ 38,400 Costs added during October 729,600 Required: Prepare a production...
Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking...
Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, all materials are added at the beginning of the process. Output is measured in ounces. The production data for July are as follows: Production: Units in process, July 1, 60% complete* Units completed and transferred out Units in process, July 31, 80% complete* * With respect to conversion costs. 10,000 80,000 15,000 Required: 1. Prepare a physical flow schedule for July. Jackson Products...
Test/Exam 2 (Ch. 5-7) Production Report Alfombra Inc. manufactures throw rugs. The throw rug department weaves cloth an...
Test/Exam 2 (Ch. 5-7) Production Report Alfombra Inc. manufactures throw rugs. The throw rug department weaves cloth and yarn into throw rugs of various sizes. Alfombra uses the weighted average method. Materials are added uniformly throughout the weaving process. In August, Alfombra switched from FIFO to the weighted average method. The following data are for the throw rug department for August: Production: Units in process, August 1, 60% complete 40,000 Units completed and transferred out 120,000 Units in process, August...
A1 for Hayword, Inc. uses weighted average costing and has two departments - mixing E >...
A1 for Hayword, Inc. uses weighted average costing and has two departments - mixing E > 9 А B с D 1 Hayword, Inc. uses weighted-average costing and has two departments - mixing and packaging. 2 The following information relates to work in the mixing department for the month of July: 3 4 Work in process, July 1: 5 Units in process 300 6 Percent completed with respect to materials 60% 7 Percent completed with respect to conversion 40% 8...
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.) Production: Units in process, April 1, 60% complete 35,000 Units completed and transferred out 44,500 Units in process, April 30, 20% complete 6,000 Costs: $ 80,600 WIP, April 1 Costs added during April 266,720 Ending Work in...
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.): Production: Units in process, April 1, 60% complete 5,000 Units completed and transferred out 44.500 Units in process, April 30, 20% complete Costs: $ 90,600 WIP, April 1 Costs added during April Required: 348,120 Prepare a production...
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.): Production: Units in process, April 1, 60% complete 21,500 49,000 Units completed and transferred out Units in process, April 30, 20% complete 10,500 Costs: WIP, April 1 $ 95,600 Costs added during April 287,650 Ranuired. Weighted Average...
Production Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October: Production: Units in process, October 1, 40% complete 5,600 Units completed and transferred out 38,080 Units in process, October 31, 60% complete 11,200 Costs: WIP, October 1 $ 44,800 Costs added during October 851,200 Required: Prepare a production...
Production Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October: Production: Units in process, October 1, 40% complete 4,800 Units completed and transferred out 32,640 Units in process, October 31, 60% complete 9,600 Costs: WIP, October 1 $ 38,400 Costs added during October 729,600 Required: Prepare a production...
Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, all materials are added at the beginning of the process. Output is measured in ounces. The production data for July are as follows: Production: Units in process, July 1, 60% complete* Units completed and transferred out Units in process, July 31, 80% complete* * With respect to conversion costs. 10,000 80,000 15,000 Required: 1. Prepare a physical flow schedule for July. Jackson Products...
Test/Exam 2 (Ch. 5-7) Production Report Alfombra Inc. manufactures throw rugs. The throw rug department weaves cloth and yarn into throw rugs of various sizes. Alfombra uses the weighted average method. Materials are added uniformly throughout the weaving process. In August, Alfombra switched from FIFO to the weighted average method. The following data are for the throw rug department for August: Production: Units in process, August 1, 60% complete 40,000 Units completed and transferred out 120,000 Units in process, August...
A1 for Hayword, Inc. uses weighted average costing and has two departments - mixing E > 9 А B с D 1 Hayword, Inc. uses weighted-average costing and has two departments - mixing and packaging. 2 The following information relates to work in the mixing department for the month of July: 3 4 Work in process, July 1: 5 Units in process 300 6 Percent completed with respect to materials 60% 7 Percent completed with respect to conversion 40% 8...
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