Cost of goods Completed & transffered Out is $544,994
Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data...
Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. Data for July: Work-in-process inventory, July 1 (38,500 units): Direct materials (90% completed) $122,250 Conversion (53% completed) 77,750 Balance in work in process inventory, July 1 $200,000 Units started during July 89,500 Units completed and transferred 102,200 Work-in-process inventory, July 31: Direct materials (90% completed) 25,800 Conversion (53% completed) Cost incurred during July: Direct materials $172,000 Conversion costs 269,500 The cost of goods completed and...
Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) Conversion (50% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials Conversion costs $122,400 76,800 $199, 200 90,000 102,000 24,000 $180,000 288,000 Total equivalent units for materials under...
Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for July: Work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) Conversion (50% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials Conversion costs $122,400 76,800 $199,200 90,000 102,000 24,000 $180,000 288,000 Cost per equivalent unit for conversion under...
dule 3 Quiz Served Matrix Inc. calculates cost for an equivalent unit of production using the weighted average method. 6 Data for July: Work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) Conversion (50% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials Conversion costs $122,400 76,800 $199, 200 90,000 102,000 24,000 $180,000 288,000...
Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method. Data for July: Work-in-process inventory, July 1 (39,500 units): Direct materials (88% completed) Conversion (55% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (88% completed) Conversion (55% completed) Cost incurred during July: Direct materials Conversion costs $122,350 77,850 $200,200 95,000 108,500 26,000 $173,000 270,500 Total equivalent units for conversion under the...
Process Costing using the Weighted-Average Method 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. KOS ? x . HOME Process Costing using the Weighted-Average Method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW - 5 Sign In FILE INSERT Paste IU - 23 - A Alignment Number Cells Editing Conditional...
Pablo Company calculates the cost for an equivalent unit of
production using process costing.
Data for June
Work-in-process inventory, June 1: 16,000
units
Direct materials: 100% complete
$
32,000
Conversion: 40% complete
12,800
Balance in work-in-process, June 1
$
44,800
Units started during June
39,200
Units completed and transferred out
39,200
Work-in-process inventory, June 30
16,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials
$
90,160
Conversion costs
Direct labor
90,160
Applied overhead
121,520
Total...
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 21,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials Conversion costs Direct labor Applied overhead Total conversion costs $ 42,000 16,800 $ 58,800 50,200 50,200 21,000 $140,560 140,560...
Pablo Company calculates the cost for an equivalent unit of
production using process costing.
Data for June
Work-in-process inventory, June 1: 15,000
units
Direct materials: 100% complete
$
30,000
Conversion: 40% complete
12,000
Balance in work-in-process, June 1
$
42,000
Units started during June
37,000
Units completed and transferred out
37,000
Work-in-process inventory, June 30
15,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials
$
81,400
Conversion costs
Direct labor
81,400
Applied overhead
111,000
Total...
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 25,000 units Direct materials: 100% complete $ 50,000 Conversion: 40% complete 20,000 Balance in work-in-process, June 1 $ 70,000 Units started during June 59,000 Units completed and transferred out 59,000 Work-in-process inventory, June 30 25,000 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials $ 188,800 Conversion costs Direct labor 188,800 Applied overhead 236,000 Total...