Inventory
Beginning Inventory 30% of the manufacturing process is complete.
Ending Inventory 55% of the manufacturing process is complete.
Direct materials are added to the manufacturing process in stages. None are added when production begins. Approximately 1/2 of the materials are added when the productis 25% complete. The other half is added when the product is 50% complete.
What percentage complete are Beginning Inventory and Ending Inventory with respect to Direct materials(DM) and Conversion Costs(CC)?
a. Beg.Inventory DM-50% CC-30% End.Inventory DM-100% CC-55%
b. Beg.Inventory DM-50% CC-30% End.Inventory DM-55% CC-55%
c. Beg.Inventory DM-50% CC-70% End.Inventory DM-100% CC-45%
d. Beg.Inventory DM-30% CC-30% End.Inventory DM-55% CC-55%
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pt. 1 pt 2. Required information The following information applies to the questions displayed below. A...
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Required information [The following information applies to the questions displayed below.] A production department in a process manufacturing system completed its work on 82,000 units of product and transferred them to the next department during a recent period. Of these units, 24,600 were in process at the beginning of the period. The other 57,400 units were started and completed during the period. At period-end, 16,100 units were in process. Prepare the production department's equivalent units of production for direct materials...
cost assigned to ending inventory
Jane industries manufactures plastic toys. During October Lane's Fabrication Department started work on 10 000 models. During the month, the company completed 11,400 models, and transferred them to the Distribution Department company ended the month with 2 200 models in ending Inventory. There were 2,700 models in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformy throughout the production process. The FIFO method...
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pt. 1
pt 2.
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