Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the...

Question

Question

Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and convers

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Equivalent unit of conversion = Unit transferred out+(Ending WIP*percent completion)

= 77100+(11800*10%)

Equivalent unit of conversion = 78280 Units

Add a comment

Answer 2

Similar Homework Help Questions

Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the...

Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 80% complete with respect to conversion; the ending work-in-process inventory is 15% complete. The following data pertain to May: Units Work in process, May 1 36,500 Units started during May 70,500 Units completed and transferred out 77,500 Work in process, May 31 29,500 Total Direct Materials Conversion Costs Costs: Work in...
Tamar Co. manufactures a single product in two departments.All direct materials are added at the beginning...

Tamar Co. manufactures a single product in two departments.All direct materials are added at the beginning of the Forming process... Required Information 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 24,300 units, and transferred 25,200 units of product to the Assembly department. Its 3,600...
Tamar Co. manufactures a single product in one department. All direct materials are added at the...

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 28,200 units of product to finished goods inventory. Its 4,200 units of beginning work in process consisted of $73,980 of direct materials and $1,308,684 of conversion costs. It has 3,000 units (100% complete with respect to direct materials and 80% complete with respect to...

Tamar Co. manufactures a single product in two departments. All direct materials are added at the...

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 21,600 units, and transferred 22,200 units of product to the Assembly department. Its 3,000 units of beginning work in process consisted of $19,800 of direct materials and $221,940 of conversion costs. It has 2,400 units (100% complete with respect to direct materials and 80% complete...
Tamar Co. manufactures a single product in two departments. All direct materials are added at the...

Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process.. Required Information [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 24,300 units, and transferred 25,200 units of product to the Assembly department. Its...
Swinn Company manufactures bicycles. Materials are added at the beginning of the production process, and conversion...

Swinn Company manufactures bicycles. Materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Production and cost data for the month of May are as follows. Percent Production Data—Bicycles Units Complete Work in process units, May 1 500 80% Units started in production 2,000 Work in process units, May 31 800 40% Cost Data—Bicycles Work in process, May 1 Materials $15,000 Conversion costs 18,000 $33,000 Direct materials 50,000 Direct labor 19,020 Manufacturing overhead 33,680...

Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of...

Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Owen Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows. Production Data—Bicycles Units Percentage Complete Work in process units, March 1 200 80 % Units started into production 1,440 Work in process units, March 31 300 40 % Cost Data—Bicycles Work in process...
Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of...

Owen Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Owen Company uses the FIFO method to compute equivalent units. Production and cost data for the month of March are as follows. Units 210 Percentage Complete 80 % Production Data-Bicycles Work in process units, March 1 Units started into production Work in process units, March 31 1.270 300 40 % Cost Data-Bicycles Work in process...
Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion...

Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follows. Percent Complete 60% Units 500 1,000 600 40% Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct labor Manufacturing overhead $750 600 $1,350 2.400 1.580...

Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in...

Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting Department. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows. Work in Process, May 1 (51,500 units, 100% complete for direct materials, 40% complete with respect to conversion costs; includes $73,500 of direct material cost;...

Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the...

Homework Answers