Work in Process, Beginning | 93000 | ||
Add: Pounds started during May | 353000 | ||
Less: Ending inventory | -62000 | ||
Units completed and transferred out | 384000 | ||
1 | |||
Materials | Conversion | ||
Units completed and transferred out | 384000 | 384000 | |
Work in process, ending: | |||
62000 X 100% | 62000 | ||
62000 X 60% | 37200 | ||
Equivalent units of production | 446000 | 421200 | |
2 | |||
Materials | Conversion | ||
Work in process, May 1 | 114390 | 7440 | |
Cost added during May | 505550 | 76800 | |
Total costs | 619940 | 84240 | |
Divide by Equivalent units of production | 446000 | 421200 | |
Cost per Equivalent unit | 1.39 | 0.20 | |
3 | |||
Materials | Conversion | Total | |
Work in process, ending units | 62000 | 37200 | |
X Cost per Equivalent unit | 1.39 | 0.20 | |
Cost of ending work in process inventory | 86180 | 7440 | 93620 |
4 | |||
Materials | Conversion | Total | |
Units completed and transferred out | 384000 | 384000 | |
X Cost per Equivalent unit | 1.39 | 0.20 | |
Cost of Units completed and transferred out | 533760 | 76800 | 610560 |
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking....
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 171,360 Completed and transferred to the Mixing Department ? Materials 405,020 Conversion 175,260 Inventory, May 31 ? The May 1 work in process inventory consisted of 102,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding. Mixing. and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 Materials Conversion Inventory, May 31 Work in Process-Grinding Department 7 7,760 Completed and transferred to the Mixing Department 423,340 215,668 P The May 1 work in process inventory consisted of 54.000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 Work in Process-Grinding Department 188,670 Completed and transferred to the Mixing Department 625,400 353, 320 ? Materials Conversion Inventory, May 31 The May 1 work in process inventory consisted of 57,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below. Work in Process-Grinding Department 174,240 Completed and transferred to the Mixing Department 407,520 124,160 Inventory, May 1 Materials Conversion Inventory, May 31 ? The May 1 work in process inventory consisted of 132,000 pounds with $137,280...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 188,670 Completed and transferred to the Mixing Department ? Materials 625,400 Conversion 353,320 Inventory, May 31 ? The May 1 work in process inventory consisted of 57,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 220,220 Completed and transferred to the Mixing Department ? Materials 525,610 Conversion 327,830 Inventory, May 31 ? The May 1 work in process inventory consisted of 121,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process-Grinding Department Completed and transferred Inventory, May 1 21,800 to the Mixing Department Materials 133,400 Conversion 225,500 Inventory, May 31 The May 1 work in process inventory consisted of 18,000 pounds with $14,600 in...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 491,780 Completed and transferred to the Mixing Department ? Materials 859,040 Conversion 535,175 Inventory, May 31 ? The May 1 work in process inventory consisted of 134,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 296,010 Completed and transferred to the Mixing Department ? Materials 545,190 Conversion 354,120 Inventory, May 31 ? The May 1 work in process inventory consisted of 117,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Inventory, May 1 Work in Process-Grinding Department 374,660 | Completed and transferred to the Mixing Department 585,210 375, 114 Materials Conversion Inventory, May 31 The May 1 work in process inventory consisted of 131,000 pounds with...