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MegaRock produces quick setting concrete mix. Production of 205,390 tons was started in April, 193,740 tons were co...
MegaRock produces quick setting concrete mix. Production of 208,820 tons was started in April, 196,120 tons...
MegaRock produces quick setting concrete mix. Production of 208,820 tons was started in April, 196,120 tons were completed. Material costs were $3,152,720 for the month while conversion costs were $594,600. There was no beginning work-in-process; the ending work-in-process was 70% complete. What is the cost of the product that was completed and transferred to finished goods? (Round your intermediate calculations to 2 decimal places.) $2,973,720. $3,717,150. $3,531,310. $3,585,074.
need help please MegaRock produces quick setting concrete mix. Production of 200,980 tons was started in...
need help please
MegaRock produces quick setting concrete mix. Production of 200,980 tons was started in April, 190,680 tons were complete Material costs were $3,152,080 for the month while conversion costs were $591,400. There was no beginning work-in-process the ending work-in-process was 70% complete. What is the cost of the product that remains in work-in-process? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $606.200 $134,366 QulkCard processes credit card receipts for local banks. QuikCard processed 1,600,000 receipts in...
Accounting L the wewe the SECTION 3: CHAPTER 4 PROCESS COSTING 1. Slurpee produces soft drinks...
Accounting
L the wewe the SECTION 3: CHAPTER 4 PROCESS COSTING 1. Slurpee produces soft drinks and sodas. Production of 100,000 liters was started in February, 85,000 liters were completed. Material costs were $38,220 for the month while conversion costs were $16,380. There was no beginning work-in-process, the ending work-in-process was 4070 as 40% complete. What is the cost of the product that was mpleted and transferred to finished goods? face 8, Baterie www ed goods? 91,00 A. $54,600 B....
John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018....
John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018. (Click the icon to view the production and cost data.) Read the requirements. Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 25% complete for materials and 90% complete for conversion costs. This means that for the beginning inventory 75 % of the materials and 10 % of the conversion costs were added during April. Requirement 1b. On April 30, the...
Jeffrey's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018...
Jeffrey's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018 Click the icon to view the production and cost data.) Read the requirements Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 30% complete for materials and 75% complete for conversion costs. This means that for the beginning inventory 70% of the materials and 25% of the conversion costs were added during April Requirement 1b. On April 30, the Prepping Department...
Livingston Co. uses process costing to account for the production of elastic bands. Direct materials are...
Livingston Co. uses process costing to account for the production of elastic bands. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory consisted of $32,000 in materials and $44,000 in conversion costs. April costs were $90,000 for materials and 589.000 for conversion costs. During April 14600 units were completed. Ending work in process inventory was 5.800 units (100% complete formaterials, so for conversion. The total cost per unt...
CALCULATIONS IN PROCESS COSTING GenX produces and organic cereal mix. The cereal mix is manufactured in...
CALCULATIONS IN PROCESS COSTING GenX produces and organic cereal mix. The cereal mix is manufactured in a continuous two-step process: ROASTING and BLENDING. We will cover ROASTING Roasting Department Units % of Completion DM % of Completion Conversion costs (DL + MOH) Beginning WIP 3/31 30,000 100% 65% Units started 90,000 Units completed and transferred out 100,000 100% 100% Ending WIP 4/30 20,000 100% 25% $ 81,000 108,900 $189,900 GenX ROASTING DEPT. Beginning WIP DM Costs Conversion Costs Costs during...
During April, the first production department of a process manufacturing system completed its work on 420,000...
During April, the first production department of a process
manufacturing system completed its work on 420,000 units of a
product and transferred them to the next department. Of these
transferred units, 84,000 were in process in the production
department at the beginning of April and 336,000 were started and
completed in April. April's beginning inventory units were 80%
complete with respect to materials and 20% complete with respect to
conversion. At the end of April, 106,000 additional units were in...
Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 4,926 tons in...
Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 4,926 tons in beginning work in process inventory (70% complete) on October 1. During October, 62,100 tons were completed. The ending work in process inventory on October 31 was 4,105 tons (70% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.
During April, the first production department of a process manufacturing system completed its work on 320,000...
During April, the first production department of a process
manufacturing system completed its work on 320,000 units of a
product...
Check my work Required Information [The following information applies to the questions displayed below) During April, the first production department of a process manufacturing system completed its work on 320,000 units of a product and transferred them to the next department. Of these transferred units, 64,000 were in process in the production department at the beginning of April and 256,000...
need help please
MegaRock produces quick setting concrete mix. Production of 200,980 tons was started in April, 190,680 tons were complete Material costs were $3,152,080 for the month while conversion costs were $591,400. There was no beginning work-in-process the ending work-in-process was 70% complete. What is the cost of the product that remains in work-in-process? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $606.200 $134,366 QulkCard processes credit card receipts for local banks. QuikCard processed 1,600,000 receipts in...
Accounting
L the wewe the SECTION 3: CHAPTER 4 PROCESS COSTING 1. Slurpee produces soft drinks and sodas. Production of 100,000 liters was started in February, 85,000 liters were completed. Material costs were $38,220 for the month while conversion costs were $16,380. There was no beginning work-in-process, the ending work-in-process was 4070 as 40% complete. What is the cost of the product that was mpleted and transferred to finished goods? face 8, Baterie www ed goods? 91,00 A. $54,600 B....
John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018. (Click the icon to view the production and cost data.) Read the requirements. Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 25% complete for materials and 90% complete for conversion costs. This means that for the beginning inventory 75 % of the materials and 10 % of the conversion costs were added during April. Requirement 1b. On April 30, the...
Jeffrey's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018 Click the icon to view the production and cost data.) Read the requirements Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 30% complete for materials and 75% complete for conversion costs. This means that for the beginning inventory 70% of the materials and 25% of the conversion costs were added during April Requirement 1b. On April 30, the Prepping Department...
Livingston Co. uses process costing to account for the production of elastic bands. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory consisted of $32,000 in materials and $44,000 in conversion costs. April costs were $90,000 for materials and 589.000 for conversion costs. During April 14600 units were completed. Ending work in process inventory was 5.800 units (100% complete formaterials, so for conversion. The total cost per unt...
CALCULATIONS IN PROCESS COSTING GenX produces and organic cereal mix. The cereal mix is manufactured in a continuous two-step process: ROASTING and BLENDING. We will cover ROASTING Roasting Department Units % of Completion DM % of Completion Conversion costs (DL + MOH) Beginning WIP 3/31 30,000 100% 65% Units started 90,000 Units completed and transferred out 100,000 100% 100% Ending WIP 4/30 20,000 100% 25% $ 81,000 108,900 $189,900 GenX ROASTING DEPT. Beginning WIP DM Costs Conversion Costs Costs during...
During April, the first production department of a process
manufacturing system completed its work on 420,000 units of a
product and transferred them to the next department. Of these
transferred units, 84,000 were in process in the production
department at the beginning of April and 336,000 were started and
completed in April. April's beginning inventory units were 80%
complete with respect to materials and 20% complete with respect to
conversion. At the end of April, 106,000 additional units were in...
Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 4,926 tons in beginning work in process inventory (70% complete) on October 1. During October, 62,100 tons were completed. The ending work in process inventory on October 31 was 4,105 tons (70% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.
During April, the first production department of a process
manufacturing system completed its work on 320,000 units of a
product...
Check my work Required Information [The following information applies to the questions displayed below) During April, the first production department of a process manufacturing system completed its work on 320,000 units of a product and transferred them to the next department. Of these transferred units, 64,000 were in process in the production department at the beginning of April and 256,000...
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