5. The following information pertains to the Moline Facility for the month of May (all materials are added at the beginn...
5.
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process):
| Units | Material Costs | |||
| Beginning work in process | 80,000 | $ | 29,000 | |
| Started in May | 280,000 | 97,800 | ||
| Units completed | 260,000 | |||
| Ending work in process | 100,000 | |||
Required:
Compute the cost per equivalent unit for materials using the weighted-average method. (Round "Cost per equivalent unit" answer to 2 decimal places.)
Homework Answers
Equivalent unit of material = Unit transferred out+Ending WIP = 260000+100000 = 360000
Cost per equivalent unit of material = (29000+97800)/360000 = 0.35
Add Answer to:
5. The following information pertains to the Moline Facility for the month of May (all materials are added at the beginn...
The following information pertains to the Moline Facility for the month of May (all materials are...
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Beginning work in process Started in May Units completed Ending work in process Units Material Costs 80,000 $ 32,000 280,000 100,400 255,000 105,000 Required: Compute the cost per equivalent unit for materials using the weighted average method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
0% completion The following information pertains to the Moline Facility for the month of May (all...
0% completion
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Beginning work in process Started in May Units completed Ending work in process Units Material Costs 110,000 $ 28,000 260,000 110,400 230,000 140,000 Required: Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent...
The following information pertains to the Moline Facility for the month of May (all materials are...
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Units Material Costs Beginning work in process 90,000 $ 29,000 Started in May 250,000 106,800 Units completed 265,000 Ending work in process 75,000 Required: Compute the cost per equivalent unit for materials using the weighted-average method. (Round "Cost per equivalent unit" answer to 2 decimal places.)
The following information pertains to the Moline Facility for the month of May (all materials are...
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process) Beginning work in process Started in May Units completed Ending work in process Units Material Costs 70,000 $29,000 270,000 99,000 245,000 95,000 Required: Compute the cost per equivalent unit for materials using the weighted average method. (Round "Cost per equivalent unit answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
The following Information pertains to the Moline Facility for the month of May (all materials are...
The following Information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Units 90,00 230,eee 250,00 70,000 Material Costs $ 37,000 113,209 Beginning work in process Started in May Units completed Ending work in process Required: Compute the cost per equivalent unit for materials using the welghted average method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
The following information pertains to the Moline Facility for the month of May (all materials are...
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Units 90,000 250,000 225,000 115,000 Material Costs $ 33,000 104,400 Beginning work in process Started in May Units completed Ending work in process Required: Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
8-28. Compute Costs per Equivalent Unit: Weighted-Average Method The following information pertains to the Moline Facility...
8-28. Compute Costs per Equivalent Unit: Weighted-Average Method The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process). (CPA adapted) (LO 8-3 Units Material Costs Beginning work in process Started in May. Units completed Ending work in process 54,000 144,000 153,000 45,000 $148,500 475,200 Required Compute the cost per equivalent unit for materials using the weighted average method. 8-29. Compute Costs per Equivalent Unit: FIFO Method Refer...
Exercise 8-29 (Static) Compute Costs per Equivalent Unit: FIFO Method (LO 8-5) The following information pertains...
Exercise 8-29 (Static) Compute Costs per Equivalent Unit: FIFO Method (LO 8-5) The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Units Material Costs Beginning work in process 54,000 $ 148,500 Started in May 144,000 475,200 Units completed 153,000 Ending work in process 45,000 Required: Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal...
Vista Vacuum Company has the following production information for the month of March. All materials are...
Vista Vacuum Company has the following production information
for the month of March. All materials are added at the beginning of
the manufacturing process.
Units
Beginning inventory of 3,300 units that are 100 percent
complete for materials and 24 percent complete for conversion.
15,000 units started during the period.
Ending inventory of 3,400 units that are 13 percent complete
for conversion.
Manufacturing Costs
Beginning inventory was $21,100 ($10,400 materials and $10,700
conversion costs).
Costs added during the month were $29,500...
Legacy Company manufactures umbrellas and has the following information available for the month of May Work in process,...
Legacy Company manufactures umbrellas and has the following information available for the month of May Work in process, May 1 (100% complete for materials, 86% for conversion) Direct materials Conversion cost 78,000 units $131,000 $176,000 Number of units started 183,000 units May costs Direct materials Conversion cost $200,000 $377,000 Work in process, May 31 (100% complete for materials, 22% for conversion) 57,000 units Required: Using the weighted-average method of process costing, complete each the following steps: 1. Reconcile the number...
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Beginning work in process Started in May Units completed Ending work in process Units Material Costs 80,000 $ 32,000 280,000 100,400 255,000 105,000 Required: Compute the cost per equivalent unit for materials using the weighted average method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
0% completion
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Beginning work in process Started in May Units completed Ending work in process Units Material Costs 110,000 $ 28,000 260,000 110,400 230,000 140,000 Required: Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent...
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process) Beginning work in process Started in May Units completed Ending work in process Units Material Costs 70,000 $29,000 270,000 99,000 245,000 95,000 Required: Compute the cost per equivalent unit for materials using the weighted average method. (Round "Cost per equivalent unit answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
The following Information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Units 90,00 230,eee 250,00 70,000 Material Costs $ 37,000 113,209 Beginning work in process Started in May Units completed Ending work in process Required: Compute the cost per equivalent unit for materials using the welghted average method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Units 90,000 250,000 225,000 115,000 Material Costs $ 33,000 104,400 Beginning work in process Started in May Units completed Ending work in process Required: Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.) Total costs to be accounted for Cost per equivalent unit
8-28. Compute Costs per Equivalent Unit: Weighted-Average Method The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process). (CPA adapted) (LO 8-3 Units Material Costs Beginning work in process Started in May. Units completed Ending work in process 54,000 144,000 153,000 45,000 $148,500 475,200 Required Compute the cost per equivalent unit for materials using the weighted average method. 8-29. Compute Costs per Equivalent Unit: FIFO Method Refer...
Vista Vacuum Company has the following production information
for the month of March. All materials are added at the beginning of
the manufacturing process.
Units
Beginning inventory of 3,300 units that are 100 percent
complete for materials and 24 percent complete for conversion.
15,000 units started during the period.
Ending inventory of 3,400 units that are 13 percent complete
for conversion.
Manufacturing Costs
Beginning inventory was $21,100 ($10,400 materials and $10,700
conversion costs).
Costs added during the month were $29,500...
Legacy Company manufactures umbrellas and has the following information available for the month of May Work in process, May 1 (100% complete for materials, 86% for conversion) Direct materials Conversion cost 78,000 units $131,000 $176,000 Number of units started 183,000 units May costs Direct materials Conversion cost $200,000 $377,000 Work in process, May 31 (100% complete for materials, 22% for conversion) 57,000 units Required: Using the weighted-average method of process costing, complete each the following steps: 1. Reconcile the number...
Most questions answered within 3 hours.
-
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 12 minutes ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 48 minutes ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 54 minutes ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 1 hour ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 1 hour ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 2 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 2 hours ago -
A high-pass filter consists of a 1.60 μF capacitor in series
with a 125 Ω resistor....
asked 2 hours ago -
A newly developed artificial intelligence has trouble
distinguishing hand-written numbers from hand-written alphabets.
There are pictures...
asked 2 hours ago -
The carbonate ion CO3 2- has multiple resonance structures.
a. Draw them and assign the hybridization...
asked 2 hours ago -
In doing an allocation for a basket purchase
Use the individual costs and the total market...
asked 2 hours ago -
what were the social political and economic causes and impacts of
the late 19th century urban...
asked 2 hours ago