lean Corporation manufactures liquid window cleaner. The following information concerns its work in process: • Beginning...
|
lean Corporation manufactures liquid window cleaner. The following information concerns its work in process: |
| • | Beginning inventory, 37,100 partially complete gallons. |
| • | Transferred out, 214,200 gallons. |
| • | Ending inventory (materials are 21 percent complete; conversion costs are 10 percent complete). |
| • | Started this month, 237,400 gallons. |
| Required: |
| (a) | Compute the equivalent units for materials using the weighted-average method. |
| (b) | Compute the equivalent units for conversion costs using the weighted-average method. |
Homework Answers
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lean Corporation manufactures liquid window cleaner. The
following information concerns its work in process:
•
Beginning...
Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process: • Beginning...
Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process: • Beginning inventory, 43,100 partially complete gallons. • Transferred out, 209,700 gallons. • Ending inventory (materials are 19 percent complete; conversion costs are 9 percent complete). • Started this month, 238,600 gallons. Required: (a) Compute the equivalent units for materials using the weighted-average method. Equivalent units (b) Compute the equivalent units for conversion costs using the weighted-average method. Equivalent units
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 42,200 partially...
Conlon Chemicals manufactures paint thinner. Information on the
work in process follows: Beginning inventory, 42,200 partially
complete gallons. Transferred out, 212,400 gallons. Ending
inventory (materials are 20 percent complete; conversion costs are
11 percent complete). Started this month, 242,700 gallons.
Required: a. Compute the equivalent units for materials using the
weighted-average method. b. Compute the equivalent units for
conversion costs using the weighted-average method.
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 42,200 partially...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: • Beginning inventory, 39,900...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: • Beginning inventory, 39,900 partially complete gallons. • Transferred out, 210,800 gallons. • Ending inventory (materials are 18 percent complete; conversion costs are 8 percent complete). • Started this month, 236,400 gallons. Required: a. Compute the equivalent units for materials using the weighted average method. b. Compute the equivalent units for conversion costs using the weighted average method. Equivalent Units (gallons) Materials Conversion costs b.
Conlon Chemicals manufactures paint thinner. Information on the work in process follows Beginning inventory, 39,000 partially...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows Beginning inventory, 39,000 partially complete gallons. Transferred out, 213,600 gallons Ending inventory (materials are 19 percent complete; conversion costs are 11 percent complete) Started this month, 242,600 gallons. a. Compute the equivalent units for materials using the weighted-average method. Equivalent units (gallons) b. Compute the equivalent units for conversion costs using the weighted-average method Equivalent units (gallons)
Conlon Chemicals manufactures paint thinner. Information on the work in process follows
Conlon Chemicals manufactures paint thinner. Information on the work in process follows:- Beginning inventory, 42,600 partially complete gallons.- Transferred out, 214,400 gallons.- Ending inventory (materials are 19 percent complete; conversion costs are 9 percent complete).- Started this month, 235,200 gallons.Required:a. Compute the equivalent units for materials using the weighted-average method.b. Compute the equivalent units for conversion costs using the weighted-average method.
Pierce & Company provides the following information concerning the work in process at its plant Beginning...
Pierce & Company provides the following information concerning the work in process at its plant Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). Started this month, 59,900 units. Transferred out, 49,900 units. Ending inventory, 20,900 units (materials are 100 percent complete; conversion costs are 14 percent complete). Required: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for conversion costs using the weighted-average method. Equivalent...
Pierce & Company provides the following information concerning the work in process at its plant: Beginning...
Pierce & Company provides the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 62 percent complete). Started this month, 59,500 units. Transferred out, 50,600 units. Ending inventory, 19,900 units (materials are 100 percent complete; conversion costs are 15 percent complete). Required: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for conversion costs using the weighted-average method.
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: • Beginning inventory, 44,000...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: • Beginning inventory, 44,000 partially complete gallons. • Transferred out, 208,000 gallons. • Ending inventory (materials are 22 percent complete; conversion costs are 8 percent complete). • Started this month, 237,000 gallons. Assume that beginning inventory is 50 percent complete with respect to materials and 28 percent complete with respect to conversion costs. Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 36,000 partially...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 36,000 partially complete gallons. Transferred out, 206,000 gallons. Ending inventory (materials are 21 percent complete; conversion costs are 12 percent complete). Started this month, 240,000 gallons. Assume that beginning inventory is 50 percent complete with respect to materials and 31 percent complete with respect to conversion costs. Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using...
1. Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 41,000...
1. Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 41,000 partially complete gallons. Transferred out, 211,000 gallons. Ending inventory (materials are 21 percent complete; conversion costs are 10 percent complete). Started this month, 241,000 gallons. Assume that beginning inventory is 50 percent complete with respect to materials and 31 percent complete with respect to conversion costs. Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs...
Conlon Chemicals manufactures paint thinner. Information on the
work in process follows: Beginning inventory, 42,200 partially
complete gallons. Transferred out, 212,400 gallons. Ending
inventory (materials are 20 percent complete; conversion costs are
11 percent complete). Started this month, 242,700 gallons.
Required: a. Compute the equivalent units for materials using the
weighted-average method. b. Compute the equivalent units for
conversion costs using the weighted-average method.
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 42,200 partially...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: • Beginning inventory, 39,900 partially complete gallons. • Transferred out, 210,800 gallons. • Ending inventory (materials are 18 percent complete; conversion costs are 8 percent complete). • Started this month, 236,400 gallons. Required: a. Compute the equivalent units for materials using the weighted average method. b. Compute the equivalent units for conversion costs using the weighted average method. Equivalent Units (gallons) Materials Conversion costs b.
Conlon Chemicals manufactures paint thinner. Information on the work in process follows Beginning inventory, 39,000 partially complete gallons. Transferred out, 213,600 gallons Ending inventory (materials are 19 percent complete; conversion costs are 11 percent complete) Started this month, 242,600 gallons. a. Compute the equivalent units for materials using the weighted-average method. Equivalent units (gallons) b. Compute the equivalent units for conversion costs using the weighted-average method Equivalent units (gallons)
Pierce & Company provides the following information concerning the work in process at its plant Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). Started this month, 59,900 units. Transferred out, 49,900 units. Ending inventory, 20,900 units (materials are 100 percent complete; conversion costs are 14 percent complete). Required: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for conversion costs using the weighted-average method. Equivalent...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: • Beginning inventory, 44,000 partially complete gallons. • Transferred out, 208,000 gallons. • Ending inventory (materials are 22 percent complete; conversion costs are 8 percent complete). • Started this month, 237,000 gallons. Assume that beginning inventory is 50 percent complete with respect to materials and 28 percent complete with respect to conversion costs. Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units...
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