) A department had started 24,000 units of small tools into production during September. BWIP was 2,000 units, 70% complete as to DM and 60% complete as to DL and MOH. EWIP equaled 6,000 units, 60% complete as to DM and 20% complete as to DL and MOH. The department had 16,000 equivalent units of production for direct materials and 12,000 equivalent units for conversion costs in September. The cost of direct materials used during the month totaled TL56,000, and conversion costs for the month totaled TL81,000. In addition, materials costs and conversion costs in BWIP totaled TL16,000 and TL20,000, respectively. Using the FIFO cost approach, what was the total cost of completed units from beginning inventory?
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) A department had started 24,000 units of small tools into production during September. BWIP was...
) A department had started 24,000 units of small tools into production during September. BWIP was 2,000 units, 70% complete as to DM and 60% complete as to DL and MOH. EWIP equaled 6,000 units, 60% complete as to DM and 20% complete as to DL and MOH. The department had 16,000 equivalent units of production for direct materials and 12,000 equivalent units for conversion costs in September. The cost of direct materials used during the month totaled TL56,000, and...
A department had started 24,000 units of small tools into production during September. BWIP was 2,000 units, 70% complete as to DM and 60% complete as to DL and MOH. EWIP equaled 6,000 units, 60% complete as to DM and 20% complete as to DL and MOH. The department had 16,000 equivalent units of production for direct materials and 12,000 equivalent units for conversion costs in September. The cost of direct materials used during the month totaled TL56,000, and conversion...
A department had started 24,000 units of small tools into production during September. BWIP was 2,000 units, 70% complete as to DM and 60% complete as to DL and MOH. EWIP equaled 6,000 units, 60% complete as to DM and 20% complete as to DL and MOH. The department had 16,000 equivalent units of production for direct materials and 12,000 equivalent units for conversion costs in September. The cost of direct materials used during the month totaled TL56,000, and conversion...
A department had started 24,000 units of small tools into production during September. BWIP was 2,000 units, 70% complete as to DM and 60% complete as to DL and MOH. EWIP equaled 6,000 units, 60% complete as to DM and 20% complete as to DL and MOH. The department had 16,000 equivalent units of production for direct materials and 12,000 equivalent units for conversion costs in September. The cost of direct materials used during the month totaled TL56,000, and conversion...
A department had started 24,000 units of small tools into production during September. BWIP was 2,000 units, 70% complete as to DM and 60% complete as to DL and MOH. EWIP equaled 6,000 units, 60% complete as to DM and 20% complete as to DL and MOH. The department had 16,000 equivalent units of production for direct materials and 12,000 equivalent units for conversion costs in September. The cost of direct materials used during the month totaled TL56,000, and conversion...
Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Direct Materials Conversion Costs Units started and completed 49,000 49,000 Add: Units in beginning work in process × Percentage complete: 6,000 × 0% direct materials — 6,000 × 50% conversion Costs 3,000 Add: Units in ending work in process × Percentage complete: 10,000 × 100% direct materials 10,000 — 10,000 × 35% conversion Costs — 3,500 Equivalent units of...
BWIP has 2,000 units which are 100% complete in materials and 60% complete in conversion. Units started this period were 15,000. EWIP has 5,000 units, 100% complete in materials and 50% complete in conversion. Cost of BWIP was $6,000 in materials and $2,400 in conversion. Cost added during the period was $45,000 in materials and $26,600 in conversion. What was the cost of the units transferred-out this period? (hint: complete step 4 from the 5 step production report) (1 Point)...
Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials Conversion Costs Units completed 46,000 46,000 Add: Units in ending work in process × Percentage complete: 10,000 × 100% direct materials 10,000 — 10,000 × 40% conversion materials — 4,000 Eqivalent units of output 56,000 50,000 Costs: Work in process, December 1: Direct materials $66,000 Conversion costs 11,000 Total...
The Assembly Department of Great Motors began September with no work in process inventory. During the month, production that cost $35,282 (direct materials, $8,242, and conversion costs, $27,040) was started on 23,000 units. Great completed and transferred to the Testing Department a total of 12,000 units. The ending work in process inventory was 35 % complete as to direct materials and 80% complete as to conversion work Read the reauirements Requirement 1. Compute the equivalent units for direct materials and...
DM added at the start of production and CC added uniformly. No BWIP. During the current period, DM costs incurred $440 CC incurred $618 220 units started 200 units completed EWIP 40% complete as to CC Based on the above data, compute equivalent units for CC.