Units to account for :
Units in beginning work in process inventory | 1000 |
Units started/transferred in during the period | 10,000 |
Total Units Account for | 11000 |
Units accounted for :
Units completed & transferred loan | 7000 |
Units in ending work in progress inventory | 4,000 |
Total Units Accounted for | 11000 |
Equivalent Units
Materials | Conversion |
7000 (7000*100%) |
7000 (7000*100%) |
4000 (4000*100% |
1600 (4000*40%) |
11000 | 8600 |
Problem 1 (Textbook Reference: E3-2)-Compute Equivalent Units in Depa units were started during the months, and...
6) Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 55,000 units were started in production, and 57,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 35% complete with respect to conversion. (7 points) Solution Beginning inventory Units started in production Units to account for Equivalent Units: Total Material Equivalent Units: Conversion Completed and...
! Required information Problem 16-7AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4, P4 [The following information applies to the questions displayed below.) Dengo Co.makes a trail mix in two departments: roasting and blending. Direct materials are added at the beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO method of process costing. During October, the roasting department completed and transferred 22,200 units to the blending department...
Required information Problem 16-7AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4, P4 (The following information applies to the questions displayed below.) Dengo Co. makes a trail mix in two departments: roasting and blending. Direct materials are added at the beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO method of process costing. During October, the roasting department completed and transferred 22,800 units to the blending department....
Required information Problem 03-4A Weighted average: Process cost summary, equivalent units, cost estimates LO C2, C3, P4 (The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 25,200 units and transferred 26,200 units of product to the Assembly department. Its 3,800 units of beginning work in...
Required information Problem 16-7AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4, P4 The following information applies to the questions displayed below! Dengo Co. makes a trail mix in two departments roasting and blending Direct materials are added at the beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO method of process costing. During October, the roasting department completed and transferred 25,000 units to the blending department....
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 68,000 were in process in the production department at the beginning of April and 272,000 were started and completed in April. April's beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of April, 90,000 additional units were in process in the...
Required information Problem 20-5AA FIFO: Process cost summary; equivalent units; cost estimates LO C3, C4, P4 [The following information applies to the questions displayed below.] Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 27,700 units of product to finished goods inventory. Its 4,100 units of beginning work in process consisted of $56,115...
please answer in yellow box and enter Excel formulas. 1. Compute the equivalent units of production using the weighted-average method 2. Compute the cost per equivalent unit using the weighted average method. 3. Assign costs to units using the weighted average method 4. Prepare a cost reconciliation report 5. FILE Process Costing using the Weighted-Average Method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW HOME INSERT Sign In -11AA2 Paste B I U A Alignment Number Conditional Format as Cell...
1. Weatherly Lumber Company processes wood pulp for manufacturing various paper products. The company employs a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. This is the company’s production schedule for May: Percent CompletedTons of PulpMaterialsConversionWork-in-Process Inventory, May 14,000100%50%Started during May15,000Units to account for19,000Units from beginning Work-in-Process, whichwere completed and transferred out during May4,000Started and completed during May9,000Work-in-Process Inventory, May 316,000100%50%Total units accounted...
Required information Problem 16-4A Weighted average: Process cost summary, equivalent units, cost estimates LO C2, C3, P4 [The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 22,500 units and transferred 23,200 units of product to the Assembly department Its 3,200 units of beginning work in...