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The T. L. Lin Company manufactures a variety of natural fabrics for the clothing industry in...
Savannah Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data...
Savannah Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department for the month of September. Equivalent units of direct material (weighted-average method) 55,000 Equivalent units of conversion (weighted-average method) 47,000 Units completed and transferred out during September 45,000 The cost data for September are as follows: Work in process, September 1 Direct material $ 91,900 Conversion 41,580 Costs incurred during September Direct material $ 161,100 Conversion 254,520 There were...
Raleigh Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data...
Raleigh Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department for the month of November. Equivalent units of direct material (weighted-average method) 70,000 Equivalent units of conversion (weighted-average method) 60,000 Units completed and transferred out during November 57,000 The cost data for November are as follows: Work in process, November 1 Direct material $ 112,740 Conversion 54,108 Costs incurred during November Direct material $ 181,260 Conversion 293,892 There were...
Savannah Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data...
Savannah Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department for the month of September. Equivalent units of direct material (weighted average method) Equivalent units of conversion (weighted average method) Units completed and transferred out during September 75,000 67,000 65,000 The cost data for September are as follows: $ 109,300 53, 460 Work in process, September 1 Direct material Conversion Costs incurred during September Direct material Conversion $ 213,200...
Haskins Textile Co. manufactures a variety of fabrics. All materials are introduced at the beginning of...
Haskins Textile Co. manufactures a variety of fabrics. All materials are introduced at the beginning of production; conversion cost is incurred evenly through manufacturing. The Weaving Department had 3,000 units of work in process on April 1 that were 40% complete as to conversion costs. During April, 8,000 units were completed and on April 30, 2,500 units remained in production, 20% complete with respect to conversion costs. . The equivalent units of direct materials for April total: 12,300. 13,500. 11,700. ...
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston...
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 Direct materials Conversion Units started in process during September Work-in-process inventory, September 30 Direct materials Conversion 4,620,000 gallons 50% completed 20% completed 5,820,000 gallons 3,180,000 gallons 40% completed 60% completed Required: 1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted average method. 2. Compute the equivalent units of direct materials...
Kim Manufacturing uses a process cost system to manufacture Dust Density Sensors for the mining industry....
Kim Manufacturing uses a process cost system to manufacture Dust Density Sensors for the mining industry. The following information pertains to operations for the month of May Beginning work-in-process inventory, May1 16,000 units Started in production during May 100,000 Units Completed production during May 92,000 units Ending work-in-process inventory, May 31 24,000 units . The beginning inventory was 20% complete for materials and 60% complete for conversion costs. The ending inventory was 40% complete for materials and 90% complete for...
MANAGERIAL ACCOUNTING HANDOUT PROBLEM 6 Score Name Section Problem (10 points). Britten Company manufactures room air...
MANAGERIAL ACCOUNTING HANDOUT PROBLEM 6 Score Name Section Problem (10 points). Britten Company manufactures room air conditioners. The company uses a process cost system to accumulate production costs and allocate them to finished goods and work in process inventory. For the month of May of the current year, the company started with 1,500 units in work in process inventory and started on 3,500 additional units during the month. At the end of May, there were 600 units that remained uncompleted....
Kimbeth Manufacturing uses a process cost system to manufacture Dust Density Sensors for the mining industry.
Kimbeth Manufacturing uses a process cost system to manufacture Dust Density Sensors for the mining industry. The following information pertains to operations for the month of May.UnitsBeginning work-in-process inventory, May 116,000Started in production during May100,000Completed production during May92,000Ending work-in-process inventory, May 3124,000The beginning inventory was 60% complete for materials and 20% complete for conversion costs. The ending inventory was 90% complete for materials and 40% complete for conversion costs.Costs pertaining to the month of May are as follows:Beginning inventory costs...
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston...
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 Direct materials Conversion Units started in process during September Work-in-process inventory, September 30 Direct materials Conversion 4,680,000 gallons 50% completed 20% completed 5,060,000 gallons 3,260,000 gallons 40% completed 60% completed Required: 1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted average method. 2. Compute the equivalent units of direct materials...
MANAGERIAL ACCOUNTING DISCUSSION PROBLEM 7 PROCESS COSTING-SINGLE DEPARTMENT Van Buren Company manufactures a product that uses...
MANAGERIAL ACCOUNTING DISCUSSION PROBLEM 7 PROCESS COSTING-SINGLE DEPARTMENT Van Buren Company manufactures a product that uses a process cost system to accumulate its costs of production. The following information is available for the month of February regarding costs of production for this product. VAN BUREN COMPANY COSTS OF PRODUCTION FOR PROCESS COSTING ANALYSIS FOR MONTH OF FEBRUARY Beginning WIP: Direct Materials 40,000 Conversion Costs 90,000 Current Period: Direct Materials 375,900 Conversion Costs 575,250 The company had 5,000 units in beginning...
Savannah Textiles Company manufactures a variety of natural fabrics for the clothing industry. The following data pertain to the Weaving Department for the month of September. Equivalent units of direct material (weighted average method) Equivalent units of conversion (weighted average method) Units completed and transferred out during September 75,000 67,000 65,000 The cost data for September are as follows: $ 109,300 53, 460 Work in process, September 1 Direct material Conversion Costs incurred during September Direct material Conversion $ 213,200...
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 Direct materials Conversion Units started in process during September Work-in-process inventory, September 30 Direct materials Conversion 4,620,000 gallons 50% completed 20% completed 5,820,000 gallons 3,180,000 gallons 40% completed 60% completed Required: 1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted average method. 2. Compute the equivalent units of direct materials...
MANAGERIAL ACCOUNTING HANDOUT PROBLEM 6 Score Name Section Problem (10 points). Britten Company manufactures room air conditioners. The company uses a process cost system to accumulate production costs and allocate them to finished goods and work in process inventory. For the month of May of the current year, the company started with 1,500 units in work in process inventory and started on 3,500 additional units during the month. At the end of May, there were 600 units that remained uncompleted....
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 Direct materials Conversion Units started in process during September Work-in-process inventory, September 30 Direct materials Conversion 4,680,000 gallons 50% completed 20% completed 5,060,000 gallons 3,260,000 gallons 40% completed 60% completed Required: 1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted average method. 2. Compute the equivalent units of direct materials...
MANAGERIAL ACCOUNTING DISCUSSION PROBLEM 7 PROCESS COSTING-SINGLE DEPARTMENT Van Buren Company manufactures a product that uses a process cost system to accumulate its costs of production. The following information is available for the month of February regarding costs of production for this product. VAN BUREN COMPANY COSTS OF PRODUCTION FOR PROCESS COSTING ANALYSIS FOR MONTH OF FEBRUARY Beginning WIP: Direct Materials 40,000 Conversion Costs 90,000 Current Period: Direct Materials 375,900 Conversion Costs 575,250 The company had 5,000 units in beginning...
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