Question 30
Process costing is used when the production involves different stages involving uniform or similar products.
The answer is Cereal
Question 31
Equivalent units under weighted average method = Units that are completed during the period + Equivalent units in process at the end of period.
= 8,000 + (5,000*50%)
= 10,500 units
Question 32
Equivalent units under weighted average method = Units that are completed during the period + Equivalent units in process at the end of period.
Materials = 100,000 + (30,000*75%) = 122,500
Conversion = 100,000 + (30,000*40%) = 112,000
O gled Expected. Normal Question 30 Which of the following products is most likely to be...
QUESTION 3: Because most of the parts for its irrigation systems are standard, Waterways handles the majority of its manufacturing as a process cost system. There are multiple process departments. Three of these departments are the Molding. Cutting, and Welding departments. All items eventually end up in the Packaging Department, which prepares items for sale in kits or individually. The following information is available for the Molding department for January 21,400 80% 30% Work in process beginning: Units in process...
Because most of the parts for its irrigation systems are standard, Waterways handles the majority of its manufacturing as a process cost system. There are multiple process departments. Three of these departments are the Molding, Cutting, and Welding departments. All items eventually end up in the Packaging Department, which prepares items for sale in kits or individually. The following information is available for the Molding department for January. Work in process beginning: Units in process 21,700 Stage of completion for...
View Help Open in Desktop App I U OV A A. Question 4 (14 Marks) S Tell me what you want to do Sv 1 2 .. Normal Johnstone Brewers Inc, uses the FIFO method in its process costing system. The followin data concern the operations of the company's first processing department for a recent mor Work in process, beginning Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Costs in the...
Waterways Problem 03 Because most of the parts for its irrigation systems are standard, Waterways handles the majority of its manufacturing as a process cost system. There are multiple process departments. Three of these departments are the Molding, Cutting, and Welding departments. All items eventually end up in the Packaging Department, which prepares items for sale in kits or individually. The following information is available for the Molding department for January. Work in process beginning: Units in process 23,000 Stage...
Bachelet Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Costs in the beginning inventory: 400 90% 40% Materials cost Conversion Cost $756 $4,448 Units started into production during the month Units completed and transferred out 13,000 13,300 Costs added to production...
no need to answer the last part of question
(To record completion of jobs 357 & K52) e Textbook and Media List of Accounts Assuming that Manufacturing Overhead has a debit balance of $3,600, determine whether overhead has been under/over applied and make the adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit QUESTION 3: Because most of the parts for its irrigation systems are standard,...
Because most of the parts for its irrigation systems are standard, Waterways handles the majority of its manufacturing as a process cost system. There are multiple process departments. Three of these departments are the Molding, Cutting, and Welding departments. All items eventually end up in the Packaging Department, which prepares items for sale in kits or individually. The following information is available for the Molding department for January. Work in process beginning: Units in process Stage of completion for materials...
A production department's output for the most recent month consisted of 8,200 units completed and transferred to the next stage of production and 5,200 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
3. (9 points) Anchor Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process...... 5,000 Costs in the beginning inventory: Materials cost............. Conversion cost. $281.250 $50,000 130.000 Units started into production during the month ........... Units completed and transferred out..... 110,000 Costs added to production during the month: Materials cost..... Conversion cost. S500.000 $400,000 Work in process,...
QUESTION 1 Equivalent Units, No Beginning Work in Process Frankle Manufacturing produces cylinders used in internal combustion engines. During June, Frankle’s welding department had the following data: Units in BWIP — Units completed 47,000 Units in EWIP (40% complete) 5,600 Required: Calculate June's output for the welding department in equivalent units of production. units QUESTION 2 Unit Cost, Valuing Goods Transferred Out and EWIP During April, the grinding department of Tranx Inc. completed and transferred out 312,000 units. At the...