Mathews Company uses the weighted average process costing method. The company had no units in beginning...
Mathews Company uses the weighted average process costing method. The company had no units in beginning WIP Inventory. Mathews has calculated that 45,000 total equivalent units were completed during the year. If 53,000 units were started in the current period and 10,000 units were in ending WIP Inventory, what percentage of completion existed in the ending inventory units?
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Mathews Company uses the weighted average process costing
method. The company had no units in beginning...
Pratt Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Pratt Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: Material cost: 7,100 and 75% completed Conversion Cost: 5,700 and 25% completed A total of 8,100 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during...
Company uses the weighted average method in its process-costing system. Operating data for the first processing...
Company uses the weighted average method in its process-costing system. Operating data for the first processing department for the last month appear below pertaining to the physical flow of units, direct materials (DM), and conversion costs (CC) 9 of % of completion completion: Units DM CC Beginning WIP inventory 1.100806 50% Started into production during the month 9,800 Ending WIP inventory 2,100 90% ? 3 How many units were transferred out of the first department during the month? 13,000 9,800...
Adams Company uses the weighted average method in its process-costing system. Operating department for the last mon...
Adams Company uses the weighted average method in its process-costing system. Operating department for the last month appear below pertaining to the physi conversion costs (CC) h appear below pertaining to the physical flow of units, direct materials (DM), and og in its process-costing system. Operating data for the first processing % of completion DM 8 0% of completion: CC 50% Beginning WIP inventory Started into production during the month Ending WIP inventory Units 1.100 9.800 2.100 90% 3 How...
The Fremont Company uses the weighted-average method in its process costing system. The company recorded 49,500...
The Fremont Company uses the weighted-average method in its process costing system. The company recorded 49,500 equivalent units for conversion costs for November in a particular department. There were 8,000 units in the ending work-in-process inventory on November 30, 80% complete with respect to conversion costs. The November 1 work-in-process inventory consisted of 10,000 units, 50% complete with respect to conversion costs. A total of 45,000 units were completed and transferred out of the department during the month. The number...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2.200 units. The costs and percentage completion of these units in beginning inventory were Percent Cost A Materials costs Complete Conversion costs $7,380 $ 3,500 l of 8.500 units were started and 7.900 units were transferred to the second processing department during the more The following costs were incurred in the month Cost Materials costs $160,...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,800 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,900 50% Conversion costs $ 3,100 20% A total of 8,200 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...
Annenbaum Corporation uses the
weighted-average method in its process costing system. This month,
the beginning inventory in the first processing department
consisted of 2,400 units. The costs and percentage completion of
these units in beginning inventory were: Cost Percent Complete
Materials costs $ 7,700 65% Conversion costs $ 8,800 45% A total of
10,500 units were started and 7,900 units were transferred to the
second processing department during the month. The following costs
were incurred in the first processing department...
Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to...
Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 103,000 units made up of the
following.
Amount
Degree of Completion
Prior department costs transferred in from the Molding
Department
$
135,960
100
%
Costs added by...
A firm uses the weighted average method for process costing. It has 563 units in beginning...
A firm uses the weighted average method for process costing. It has 563 units in beginning WIP inventory at 31% complete with respect to conversion costs. It starts 25,827 units during the period and has 614 units in ending inventory (these units are 46% complete with respect to conversion costs). All direct materials are added at the beginning of the process. What are total equivalent units with respect to direct materials?
Assume a company uses the average costing method with its process costing system. They had beginning...
Assume a company uses the average costing method with its process costing system. They had beginning inventory of work-in-process of 20,000 units, which were 60% complete for processing. During the year, they started in process 90,000 units. At the end of the year, ending inventory contained 10,000 units which were 30% complete for processing. Equivalent units for the year would be: A. 90,000 B. 100,000 C. 103,000 D. 91,000
Company uses the weighted average method in its process-costing system. Operating data for the first processing department for the last month appear below pertaining to the physical flow of units, direct materials (DM), and conversion costs (CC) 9 of % of completion completion: Units DM CC Beginning WIP inventory 1.100806 50% Started into production during the month 9,800 Ending WIP inventory 2,100 90% ? 3 How many units were transferred out of the first department during the month? 13,000 9,800...
Adams Company uses the weighted average method in its process-costing system. Operating department for the last month appear below pertaining to the physi conversion costs (CC) h appear below pertaining to the physical flow of units, direct materials (DM), and og in its process-costing system. Operating data for the first processing % of completion DM 8 0% of completion: CC 50% Beginning WIP inventory Started into production during the month Ending WIP inventory Units 1.100 9.800 2.100 90% 3 How...
Domingo Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2.200 units. The costs and percentage completion of these units in beginning inventory were Percent Cost A Materials costs Complete Conversion costs $7,380 $ 3,500 l of 8.500 units were started and 7.900 units were transferred to the second processing department during the more The following costs were incurred in the month Cost Materials costs $160,...
Annenbaum Corporation uses the
weighted-average method in its process costing system. This month,
the beginning inventory in the first processing department
consisted of 2,400 units. The costs and percentage completion of
these units in beginning inventory were: Cost Percent Complete
Materials costs $ 7,700 65% Conversion costs $ 8,800 45% A total of
10,500 units were started and 7,900 units were transferred to the
second processing department during the month. The following costs
were incurred in the first processing department...
Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 103,000 units made up of the
following.
Amount
Degree of Completion
Prior department costs transferred in from the Molding
Department
$
135,960
100
%
Costs added by...
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