Homework Answers
Production cost report : Weighted average method
| Whole Unit | EUP-Material | EUP-Conversion | ||
| Units to be accounted for | ||||
| Beginning work in process | 0 | |||
| Units started | 30000 | |||
| Total Units to be accounted for | 30000 | |||
| Units accounted as | ||||
| Units completed and transferred out | 25000 | 25000 | 25000 | |
| Ending work in process | 5000 | 5000 | 5000*40% = 2000 | |
| Total Units accounted as | 30000 | 30000 | 27000 | |
| Cost per equivalent unit | ||||
| Material | Conversion | Total | ||
| Cost added | 90000 | 135000 | 225000 | |
| Equivalent unit | 30000 | 27000 | ||
| Cost per equivalent unit | 3 | 5 | 8 | |
| Cost reconciliation and assignment | ||||
| Cost to be accounted for | ||||
| Beginning work in process | 0 | |||
| Cost added | 90000 | 135000 | 225000 | |
| Total Cost to be accounted for | 90000 | 135000 | 225000 | |
| Cost accounted as | ||||
| Cost of units transferred out | 75000 | 125000 | 200000 | |
| Cost of ending work in process | 15000 | 2000*5 = 10000 | 25000 | |
| Total Cost accounted as | 90000 | 135000 | 225000 | |
Add Answer to:
(20 points) The Assembly Department of Colson, Inc. has the following production and cost data at...
Test 3- Take Home ACC212 Student Name Cole Tri6le 4. The Assembly Department of Nitz Company...
Test 3- Take Home ACC212 Student Name Cole Tri6le 4. The Assembly Department of Nitz Company has the following production an end of May, 2017. the following production and cost data at the Production: 30,000 units started into production; 25,000 units transferred out and 5,000 units 100% completed as to materials and 40% completed as to conversion costs. Manufacturing Costs: Materials added at beginning of process, $90,000, labor, $75,000; overhead $60,000. Instructions Propure a production cost reot for the moh...
P21-4B Ignatenko Company has several processing departments. Costs charged to the Assembly Department for October 2012...
P21-4B Ignatenko Company has several processing departments. Costs charged to the Assembly Department for October 2012 totaled $1,249,500 as follows. Work in process, October 1 Materials $29,000 Conversion costs 16,500 $ 45,500 Materials added 1,006,000 Labor 90,000 Overhead 108,000 Production records show that 25,000 units were in beginning work in process 40% complete as to conversion cost, 425,000 units were started into production, and 35,000 units were in ending work in process 40% complete as to conversion costs. Materials are...
Problem 1 Tuxedo Company has several processing departments. Costs charged to the Assembly Department for October...
Problem 1 Tuxedo Company has several processing departments. Costs charged to the Assembly Department for October 2019 totaled $1,298,400 as follows. Work in process, October 1 Materials Conversion costs $29,000 16,500 $ 45,500 Materials added Labor Overhead 1,006,000 138,900 108,000 Production records show that 25,000 units were in beginning work in process 40% complete as to conversion cost, 435,000 units were started into production, and 35,000 units were in ending work in process 40% complete as to conversion costs. Materials...
Selected production and cost data of Laura's Caliper Co. follow for May 2018: (Click the icon...
Selected production and cost data of Laura's Caliper Co. follow for May 2018: (Click the icon to view the production and cost data) On May 31, the Mixing Department ending Work-in-Process Inventory was 80% complete for materials and 45% complete for conversion costs. The Heating Department ending Work-in-Process Inventory was 60% complete for materials and 35% complete for conversion costs. The company uses the weighted average method. Read the requirements. i Requirements Requirement 1. Compute the equivalent units of production...
Evans Company has the following data for the Assembly Department for August m cck the icon...
Evans Company has the following data for the Assembly Department for August m cck the icon love the data) Conversion costs are added evenly throughout the process. The company uses the weighted average method Read the requirement Data Table Scenario 1. Units in process at the end of August are 10% complete materials are added at the beginning of the process Evans Company Production Cost Report Assembly Department (Partian Month Ended August 31 Equivalent Units Physical Direct Conversion UNITS Units...
Section 3 (20 points) The Assembly Department uses a process cost accounting system and a weighted...
Section 3 (20 points) The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and me conversion costs uniformly throughout the process. During July $190,000 of materials costs and 137.100 in conversion costs were charged to the department. The beginning work in process mory was 593,000 on July 1. comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the...
sum Section 3 (20 points) The Assembly Department uses a uning womanda weighted average on flow...
sum Section 3 (20 points) The Assembly Department uses a uning womanda weighted average on flow assumption. The department adds materiais beginning of the pro n ours conversion costs uniformly throughout the proc During w $100.000 of materials and $137,100 in conversion costs were charged to the department. The beginning work inventory was $93,000 on July 1. comprised of SBO,000 of materials costs and $13.000 GA conversion costs. Other data for the month of July are as follows: Beginning work...
The debits to Work in Process—Assembly Department for May, together with data concerning production, are as...
The debits to Work in Process—Assembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units $7,800 Conversion costs, 3,000 units, 50% completed 5,000 Materials added during May, 10,000 units 25,000 Conversion costs during May 30,400 Goods finished during May, 11,500 units 0 May 31 work in process, 1,500 units, 50% completed 0 All direct materials are placed in process at the beginning of the process, and the first-in, first-out...
E18-20 (similar to) Question Help Williams Company has the following data for the Assembly Department for...
E18-20 (similar to) Question Help Williams Company has the following data for the Assembly Department for August: (Click the icon to view the data.) Conversion costs are added evenly throughout the process. The company uses the weighted average method. Read the requirement. Scenario 1. Units in process at the end of August are 40% complete; materials are added at the beginning of the process. i Requirements Williams Company Production Cost Report - Assembly Department (Partial) Month Ended August 31 Equivalent...
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,200 units...
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,200 units during November. The following production activity unit and cost information refers to the assembly department's November production activities Assembly Department Beginning work in process Units transferred out Ending work in process Units 3,000 10,000 5,200 Percent of Direct Materials Added 70% 100% 85% Percent of Conversion 30% 100% 35% $2,288 (includes $1,484 for direct materials and $804 for conversion) Beginning work in process inventory-Assembly...
Test 3- Take Home ACC212 Student Name Cole Tri6le 4. The Assembly Department of Nitz Company has the following production an end of May, 2017. the following production and cost data at the Production: 30,000 units started into production; 25,000 units transferred out and 5,000 units 100% completed as to materials and 40% completed as to conversion costs. Manufacturing Costs: Materials added at beginning of process, $90,000, labor, $75,000; overhead $60,000. Instructions Propure a production cost reot for the moh...
P21-4B Ignatenko Company has several processing departments. Costs charged to the Assembly Department for October 2012 totaled $1,249,500 as follows. Work in process, October 1 Materials $29,000 Conversion costs 16,500 $ 45,500 Materials added 1,006,000 Labor 90,000 Overhead 108,000 Production records show that 25,000 units were in beginning work in process 40% complete as to conversion cost, 425,000 units were started into production, and 35,000 units were in ending work in process 40% complete as to conversion costs. Materials are...
Problem 1 Tuxedo Company has several processing departments. Costs charged to the Assembly Department for October 2019 totaled $1,298,400 as follows. Work in process, October 1 Materials Conversion costs $29,000 16,500 $ 45,500 Materials added Labor Overhead 1,006,000 138,900 108,000 Production records show that 25,000 units were in beginning work in process 40% complete as to conversion cost, 435,000 units were started into production, and 35,000 units were in ending work in process 40% complete as to conversion costs. Materials...
Selected production and cost data of Laura's Caliper Co. follow for May 2018: (Click the icon to view the production and cost data) On May 31, the Mixing Department ending Work-in-Process Inventory was 80% complete for materials and 45% complete for conversion costs. The Heating Department ending Work-in-Process Inventory was 60% complete for materials and 35% complete for conversion costs. The company uses the weighted average method. Read the requirements. i Requirements Requirement 1. Compute the equivalent units of production...
Evans Company has the following data for the Assembly Department for August m cck the icon love the data) Conversion costs are added evenly throughout the process. The company uses the weighted average method Read the requirement Data Table Scenario 1. Units in process at the end of August are 10% complete materials are added at the beginning of the process Evans Company Production Cost Report Assembly Department (Partian Month Ended August 31 Equivalent Units Physical Direct Conversion UNITS Units...
Section 3 (20 points) The Assembly Department uses a process cost accounting system and a weighted average cost flow assumption. The department adds materials at the beginning of the process and me conversion costs uniformly throughout the process. During July $190,000 of materials costs and 137.100 in conversion costs were charged to the department. The beginning work in process mory was 593,000 on July 1. comprised of $80.000 of materials costs and $13,000 of conversion costs. Other data for the...
sum Section 3 (20 points) The Assembly Department uses a uning womanda weighted average on flow assumption. The department adds materiais beginning of the pro n ours conversion costs uniformly throughout the proc During w $100.000 of materials and $137,100 in conversion costs were charged to the department. The beginning work inventory was $93,000 on July 1. comprised of SBO,000 of materials costs and $13.000 GA conversion costs. Other data for the month of July are as follows: Beginning work...
E18-20 (similar to) Question Help Williams Company has the following data for the Assembly Department for August: (Click the icon to view the data.) Conversion costs are added evenly throughout the process. The company uses the weighted average method. Read the requirement. Scenario 1. Units in process at the end of August are 40% complete; materials are added at the beginning of the process. i Requirements Williams Company Production Cost Report - Assembly Department (Partial) Month Ended August 31 Equivalent...
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,200 units during November. The following production activity unit and cost information refers to the assembly department's November production activities Assembly Department Beginning work in process Units transferred out Ending work in process Units 3,000 10,000 5,200 Percent of Direct Materials Added 70% 100% 85% Percent of Conversion 30% 100% 35% $2,288 (includes $1,484 for direct materials and $804 for conversion) Beginning work in process inventory-Assembly...
Most questions answered within 3 hours.
-
----Can someone please help me solve this one using JAVA
----I thank you in advance
Create...
asked 50 seconds from now -
1. What force primarily attracts the potassium ion to
the nitrate ion?
a. London forces...
asked 43 seconds ago -
What are the negative effects of abruptly stopping the use of
all fossil fuels? Give at...
asked 7 minutes ago -
Given that many conflict are the result of different parties having
different interests, is it possible...
asked 12 minutes ago -
A 750 g block can slide uniformly along the horizontal track
when a string attached to...
asked 15 minutes ago -
In 2017, Juan entered into a contract to write a book. The
publisher advanced Juan $50,000,...
asked 29 minutes ago -
Determine the number of kinds of protons in each molecule (w/
respect to NMR spectroscopy). Drawing...
asked 39 minutes ago -
A jeweler whose near point is 68 cm from his eye uses a
magnifying glass as...
asked 37 minutes ago -
A company wants to determine how many units of each of two
products, A and B,...
asked 41 minutes ago -
The blood pressure of a person changes throughout the day.
Suppose the systolic blood pressure of...
asked 50 minutes ago -
A chemistry student desired to study sulfur. Sulfur exhibited
the following characteristics with oxygen:
(a) It...
asked 45 minutes ago -
An Atwood machine is constructed of a solid-disk frictionless
pulley of mass m3 and radius R....
asked 47 minutes ago