![PA3-1 (Algo) Preparing a Process Costing Production Report (Weighted Average Method) [LO 3-2, 3-3, 3- 4] Sandia Corporation m](http://img.homeworklib.com/questions/5f8b1870-1ad5-11eb-8759-61a7f5dedd50.png?x-oss-process=image/resize,w_560)
Homework Answers
 1a.Using the weighted-average method of
process costing, reconcile the number of physical units worked on
during the period. |
||||
| Physical Units | Physical Units | |||
| Beginning Units | 36,000 | Units Completed | 33,000 | |
| Units Started | 82,000 | Ending Units | 85000 | |
| Total Units | 118,000 | Total Units | 118,000 | |
| 1b.Using the weighted-average method of process costing, calculate the number of equivalent units. | ||||
| Equivalent Units | ||||
| Physical Units | Direct Materials | Conversion | ||
| Units Completed | 33,000.00 | 33,000.00 | 100% | 33,000.00 |
| Ending Inventory | 85,000.00 | 85,000.00 | 54% | 45,900.00 |
| Total | 118,000.00 | 118,000.00 | 78,900.00 | |
| 1c.Using the weighted-average method of process costing, calculate the cost per equivalent unit. (Round Cost per Equivalent Unit to 5 decimal places.) | ||||
| Direct material | Conversion | |||
| Beginning inventory | $ 30,000.00 | $ 100,000.00 | ||
| Current period cost | $ 96,000.00 | $ 163,000.00 | ||
| Total costs | $ 126,000.00 | $ 263,000.00 | ||
| Equivalent units | 118,000 | 78,900 | ||
| Cost per equivalent unit | $1.06780 | $3.33333 | ||
| 1d.Using the weighted-average method of process costing, reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount.) | ||||
| Direct Materials | Conversion | Total Cost | ||
| Units Completed | $ 35,237.28814 | $ 110,000.00000 | $ 145,237.28814 | |
| Ending Inventory | $ 90,762.71186 | $ 153,000.00000 | $ 243,762.71186 | |
| Total Cost Accounted for | $ 126,000.00 | $ 263,000.00 | $ 389,000.00 |
Add Answer to:
PA3-1 (Algo) Preparing a Process Costing Production Report (Weighted Average Method) [LO 3-2, 3-3, 3- 4]...
PA3-1 (Algo) Preparing a Process Costing Production Report (Weighted Average Method) (LO 3-2, 3-3, 3- Sandia...
PA3-1 (Algo) Preparing a Process Costing Production Report (Weighted Average Method) (LO 3-2, 3-3, 3- Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs $ 38,000 89,000 $127,000 Units Beginning work in process (25% 37.000 complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started 66,000 Number of units completed and transferred to finished goods Ending work in process...
Saddleback Company makes camping lanterns using a single production process. All direct materials are added at...
Saddleback Company makes camping lanterns using a single
production process. All direct materials are added at the beginning
of the manufacturing process. Information for the month of March
follows:
Units
Costs
Beginning work in process (30% complete)
121,300
Direct materials
$
199,000
Conversion cost
351,000
Total cost of beginning work in process
$
550,000
Number of units started
250,000
Number of units completed and transferred to finished
goods
335,500
Ending work in process (65% complete)
?
Current period costs
Direct...
-ok Saddleback Company makes camping lanterns using a single production process. All direct materials are added...
-ok Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: nt ences Units 117,800 Costs $ 192,000 344,000 $ 536,000 Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% complete) Current period costs Direct...
Saddleback Company makes camping lanterns using a single production process. All direct materials are added at...
Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Units 122,800 Costs $ 202,000 354,000 $ 556,000 Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% complete) Current period costs Direct materials Conversion cost...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process....
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 48,000 $ 37,000 100,000 $137,000 84,000 Beginning work in process (26% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (51% complete) Current period costs Direct materials Conversion cost Total current period costs 76,000 $...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process....
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 37,000 $ 40,000 87,000 $127,000 70,000 Beginning work in process (28% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (51% complete) Curren period costs Direct materials Conversion cost Total current period costs ? 73,000...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process....
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 43,000 $ 45,000 86,000 $131,000 Beginning work in process (28% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (55% complete) Current period costs Direct materials Conversion cost Total current period costs 67,000 ? 73,000...
Vista Vacuum Company has the following production information for the month of March. All materials are...
Vista Vacuum Company has the following production information
for the month of March. All materials are added at the beginning of
the manufacturing process.
Units
Beginning inventory of 3,300 units that are 100 percent
complete for materials and 24 percent complete for conversion.
15,000 units started during the period.
Ending inventory of 3,400 units that are 13 percent complete
for conversion.
Manufacturing Costs
Beginning inventory was $21,100 ($10,400 materials and $10,700
conversion costs).
Costs added during the month were $29,500...
Required information [The following information applies to the questions displayed below.) Saddleback Company makes camping lanterns...
Required information [The following information applies to the questions displayed below.) Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Costs Units 127,800 $ 182,000 334,000 $ 516,000 Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work...
[The following information applies to the questions displayed below.] Saddleback Company makes camping lanterns using a...
[The following information applies to the questions
displayed below.]
Saddleback Company makes camping lanterns using a single
production process. All direct materials are added at the beginning
of the manufacturing process. Information for the month of March
follows:
Units
Costs
Beginning work in process (30% complete)
121,300
Direct materials
$
199,000
Conversion cost
351,000
Total cost of beginning work in process
$
550,000
Number of units started
250,000
Number of units completed and transferred to finished
goods
335,500
Ending work...
PA3-1 (Algo) Preparing a Process Costing Production Report (Weighted Average Method) (LO 3-2, 3-3, 3- Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs $ 38,000 89,000 $127,000 Units Beginning work in process (25% 37.000 complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started 66,000 Number of units completed and transferred to finished goods Ending work in process...
Saddleback Company makes camping lanterns using a single
production process. All direct materials are added at the beginning
of the manufacturing process. Information for the month of March
follows:
Units
Costs
Beginning work in process (30% complete)
121,300
Direct materials
$
199,000
Conversion cost
351,000
Total cost of beginning work in process
$
550,000
Number of units started
250,000
Number of units completed and transferred to finished
goods
335,500
Ending work in process (65% complete)
?
Current period costs
Direct...
-ok Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: nt ences Units 117,800 Costs $ 192,000 344,000 $ 536,000 Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% complete) Current period costs Direct...
Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Units 122,800 Costs $ 202,000 354,000 $ 556,000 Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% complete) Current period costs Direct materials Conversion cost...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 48,000 $ 37,000 100,000 $137,000 84,000 Beginning work in process (26% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (51% complete) Current period costs Direct materials Conversion cost Total current period costs 76,000 $...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 37,000 $ 40,000 87,000 $127,000 70,000 Beginning work in process (28% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (51% complete) Curren period costs Direct materials Conversion cost Total current period costs ? 73,000...
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 43,000 $ 45,000 86,000 $131,000 Beginning work in process (28% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (55% complete) Current period costs Direct materials Conversion cost Total current period costs 67,000 ? 73,000...
Vista Vacuum Company has the following production information
for the month of March. All materials are added at the beginning of
the manufacturing process.
Units
Beginning inventory of 3,300 units that are 100 percent
complete for materials and 24 percent complete for conversion.
15,000 units started during the period.
Ending inventory of 3,400 units that are 13 percent complete
for conversion.
Manufacturing Costs
Beginning inventory was $21,100 ($10,400 materials and $10,700
conversion costs).
Costs added during the month were $29,500...
Required information [The following information applies to the questions displayed below.) Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Costs Units 127,800 $ 182,000 334,000 $ 516,000 Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work...
[The following information applies to the questions
displayed below.]
Saddleback Company makes camping lanterns using a single
production process. All direct materials are added at the beginning
of the manufacturing process. Information for the month of March
follows:
Units
Costs
Beginning work in process (30% complete)
121,300
Direct materials
$
199,000
Conversion cost
351,000
Total cost of beginning work in process
$
550,000
Number of units started
250,000
Number of units completed and transferred to finished
goods
335,500
Ending work...
Most questions answered within 3 hours.
-
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 41 minutes ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 1 hour ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 2 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 3 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 3 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 4 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 6 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 6 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 6 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 6 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 6 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 6 hours ago