1. calculate the cost per equivalent unit for direct materials and conversion costs using the fifo way.
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1. calculate the cost per equivalent unit for direct materials and conversion costs using the fifo...
Calculate the cost per equivalent unit of material and conversion cost for January - using the Weighted Average Approach Units Materials Conversion Work in process January 1 2,500 50% 35% Work in process January 31 45% 25% Materials cost in work in process January 1 $25,000 Conversion costs in work in process January 1 $10,000 Units started in production 12,000 Units transferred to the next department 8,000 Materials cost added during January $20,000 Conversion costs added during January $7,500 Complete...
Calculate equivalent units for conversion costs using the FIFO method. Direct Disk Drive Company operates a computer disk manufacturing plant. Direct materials are added at the end of the process. The following data were for August 2017: 150,800 units Work in process, beginning inventory Transferred - in costs (100% complete) Direct materials (0% complete) Conversion costs (90% complete) Transferred in during current period Completed and transferred out Work in process, ending inventory Transferred - in costs (100% complete) Direct materials...
MacCorp uses process costing. Conversion costs are added continuously throughout the process and direct materials are added at the beginning. During February, Department B had a beginning inventory of 2,000 units, 40% complete. Department A transferred out 18,000 units during the month to Department B. 4,000 units were still 60% incomplete at the end of February in Department B. Using FIFO process costing, the equivalent units for direct materials for the month in Department B were? a. 15,600 b. 16,400...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs added during the period Divided by: EUP this period Cost per equivalent unit Costs accounted for: Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Requirement 2. Joumalize all transactions affecting the Mixing Department during March, including...
A. Total conversion LUSU B. Conversion cost per equivalent unit C. Direct materials cost per equivalent unit 000 units EX 3-11 Equivalent units of production and related costs Obj. 2 The charges to Work in Process-Assembly Department for a period, together with informa- tion concerning production, are as follows. All direct materials are placed in process at the beginning of production. CEL TEMPLATE Work in Process-Assembly Department Bal., 1,600 units, 35% completed 17,440 To Finished Goods, 29,600 units Direct materials,...
1. Freddie Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Departmentfollows: WIP, April 1 11,000 units Transferred−in costs in WIP, April 1 $79,940 Direct materials (100%) in WIP, April 1 $24,420 Conversion costs (70%) in WIP, April 1 $27,400 Units transferred−in 52,000 Transferred−in costs during April $550,900 Units completed 41,000 April direct materials cost $155,500 April conversion costs $241,250 WIP, April 30 22,000 units (100% for materials...
Freddie Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Department follows: WIP, April 1 12 comma 00012,000 units Transferredminus−in costs in WIP, April 1 $79,940 Direct materials (100%) in WIP, April 1 $24,420 Conversion costs (7070%) in WIP, April 1 $23,400 Units transferredminus−in 51 comma 00051,000 Transferredminus−in costs during April $550,900 Units completed 43 comma 00043,000 April direct materials cost $155,500 April conversion costs $239,250 WIP, April...
2. Compute both the direct material cost and the conversion cost per equivalent unit. ork Saved Help Required information Problem 16-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 (The following information applies to the questions displayed below.) Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process...
The costs per equivalent unit of direct materials and conversion in the Bottling Department of Rocky Springs Beverage Company are $2.55 and $1.4, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 1,700 Started and completed during the period 34,000 34,000 Transferred out of Bottling (completed) 34,000 35,700 Inventory in process, end of period 2,000 800 Total units to be assigned costs 36,000 36,500 The beginning...
Equivalent Units calculations-FIFO Method The following selected operating data are for Jackson Company's Blending Department for the month of April 2019. Tinting and packaging operations are carried out subsequently in other departments Beginning inventory N complete 4.000 V 56000 UN Started and cord Linding inventory 000 to complete Calculate the equivalent units accomplished using the FIFO method, assuming that the materials are added at the beginning of the process and conversion costs are incurred every throughout Equivalent Units Direct Work...