Process Costing
1) Lintang Sdn Bhd provides the following information for one of the department’s operations for June (no new material is added in Department T) WIP inventory – Department T Beginning inventory (15,000 units, 60% complete with respect to Department T costs. Transferred in costs from Department S RM 116,000 Department T conversion costs RM 53,150 Current work (35,000 units started) Prior department costs RM 280,000 Department T costs RM 209,050 The ending inventory has 5,000 units, which are 20 percent complete with respect to Department T costs and 100 per cent complete for prior department costs. Required : a) Prepare a production report – weighted average method & FIFO method
Homework Answers
Process Costing
1) Lintang Sdn Bhd provides the following information for one of the department’s operations for June (no new material is added in Department T) WIP inventory – Department T Beginning inventory (15,000 units, 60% complete with respect to Department T costs. Transferred in costs from Department S RM 116,000 Department T conversion costs RM 53,150 Current work (35,000 units started) Prior department costs RM 280,000 Department T costs RM 209,050 The ending inventory has 5,000 units, which are 20 percent...
Process Costing
1) Lintang Sdn Bhd provides the following information for one of the department’s operations for June (no new material is added in Department T) WIP inventory – Department T Beginning inventory (15,000 units, 60% complete with respect to Department T costs. Transferred in costs from Department S RM 116,000 Department T conversion costs RM 53,150 Current work (35,000 units started) Prior department costs RM 280,000 Department T costs RM 209,050 The ending inventory has 5,000 units, which are 20 percent complete...
Exercise 8-41 (Static) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5) Lansing, Inc....
Exercise 8-41 (Static) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5) Lansing, Inc. provides the following information for one of its department’s operations for June (no new material is added in Department T). WIP inventory—Department T Beginning inventory (15,000 units, 60% complete with respect to Department T costs) Transferred-in costs (from Department S) $ 116,000 Department T conversion costs 53,150 Current work (35,000 units started) Prior department costs 280,000 Department T costs 209,050 The ending inventory has...
Please give explanation on how to get highlighted numbers. Lansing, Inc. provides the following information for...
Please give explanation on how to get highlighted numbers.
Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T): WIP inventory—Department T Beginning inventory (15,000 units, 60% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (35,000 units started) Prior department costs Department T costs $ 116,000 53,150 280,000 209,050 The ending inventory has 5,000 units, which are 20...
Lansing, Inc. provides the following information for one of its department's operations for June (no new...
Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T): WIP inventory-Department T Beginning inventory (15,000 units, 60% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (35,000 units started) Prior department costs Department T costs $ 116,000 53,150 280,000 209,050 The ending inventory has 5,000 units, which are 20 percent complete with respect to Department T costs and...
Exercise 8-41 (Static) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5) Lansing, Inc....
Exercise 8-41 (Static) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5) Lansing, Inc. provides the following information for one of its department’s operations for June (no new material is added in Department T). WIP inventory—Department T Beginning inventory (15,000 units, 60% complete with respect to Department T costs) Transferred-in costs (from Department S) $ 116,000 Department T conversion costs 53,150 Current work (35,000 units started) Prior department costs 280,000 Department T costs 209,050 The ending inventory has...
Part 2: Process Costing Future Robotics provides the following information for one of its department’s operations...
Part 2: Process Costing Future Robotics provides the following information for one of its department’s operations for June (no new material is added in Department A): WIP inventory -- Department A Beginning inventory (20,000 units, 55% complete with respect to Department A costs) Transferred-in costs (from Department Z) $110,000 Department A conversion costs 54,000 Current work (30,000 units started) Prior department costs 275,000 Department A costs 210,000 The ending inventory has 4,000 units, which are 30 percent complete with respect...
6. Lansing, Inc. provides the following information for one of its department’s operations for June (no...
6. Lansing, Inc. provides the following information for one of its department’s operations for June (no new material is added in Department T). WIP inventory—Department T Beginning inventory ((9,000 units, 25% complete with respect to Department T costs) Transferred-in costs (from Department S) $ 46,550 Department T conversion costs 15,700 Current work (20,500 units started) Prior department costs 112,750 Department T costs 207,050 The ending inventory has 4,000 units, which are 50 percent complete with respect to Department T costs...
Lansing, Inc. provides the following information for one of its department’s operations for June (no new...
Lansing, Inc. provides the following information for one of its department’s operations for June (no new material is added in Department T): WIP inventory—Department T Beginning inventory ((7,800 units, 25% complete with respect to Department T costs) Transferred-in costs (from Department S) $ 30,950 Department T conversion costs 11,200 Current work (18,100 units started) Prior department costs 77,830 Department T costs 157,850 The ending inventory has 2,800 units, which are 50 percent complete with respect to Department T costs and...
a. Complete the production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decima...
a. Complete the production cost report using
the weighted-average method. (Round "Cost per equivalent
unit" to 2 decimal places.)
Complete the production cost report using FIFO
Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). WIP inventory-Department T Beginning inventory ((8,500 units, 30 % complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (19,500 units started) Prior department...
Please give explanation on how to get highlighted numbers.
Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T): WIP inventory—Department T Beginning inventory (15,000 units, 60% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (35,000 units started) Prior department costs Department T costs $ 116,000 53,150 280,000 209,050 The ending inventory has 5,000 units, which are 20...
Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T): WIP inventory-Department T Beginning inventory (15,000 units, 60% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (35,000 units started) Prior department costs Department T costs $ 116,000 53,150 280,000 209,050 The ending inventory has 5,000 units, which are 20 percent complete with respect to Department T costs and...
a. Complete the production cost report using
the weighted-average method. (Round "Cost per equivalent
unit" to 2 decimal places.)
Complete the production cost report using FIFO
Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). WIP inventory-Department T Beginning inventory ((8,500 units, 30 % complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (19,500 units started) Prior department...
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