The cutting department is the first department of Shoe Maker, LLC. On March 1, 2019, the...
The cutting department is the first department of Shoe Maker,
LLC. On March 1, 2019, the beginning inventory in this department
consisted of 580 units. Costs for the beginning work in process
were as follows:
| Materials (100% complete) | $ | 5,800 | |
| Labor (70% complete) | 3,800 | ||
| Overhead (70% complete) | 2,800 | ||
During March 2019, 2,300 units were started into production with
the following costs:
| Materials | $ | 24,152 | |
| Labor | 15,800 | ||
| Overhead | 15,296 | ||
The number of units completed and sent to the finishing department
was 2,400. The ending inventory of 480 units was 100 percent
complete with regard to materials, 80 percent complete with regard
to labor and overhead.
- Compute the March equivalent production for materials for Shoe Maker, LLC.
- Compute the cost per equivalent unit for materials for March.
- Compute the cost of materials in the work transferred out of the department during the month.
- Compute the month-end cost of materials in the ending work in process.
1.
| Equivalent units for materials | |
| Materials | |
| Units Completed | |
| Ending WIP-materials | |
| Materials equivalent units | |
2.
| Choose Numerator | Choose Denominator | |||
| Cost per equivalent unit for materials | ||||
| / | = |
3.
| Units Completed | |
| Cost per equivalent units for materials | |
| Cost of materials goods transferred to next department | $ |
4.
| Cost of materials | |
| Opening work in progress | |
| Purchases | |
| Cost of materials goods transferred to next department | |
| Ending work in progress | |
Homework Answers
Weighted average method has been followed.
Add Answer to:
The cutting department is the first department of Shoe Maker, LLC. On March 1, 2019, the...
This is the question I am working on. how do you determine the purchases and opening...
This is the question I am working on.
how do you determine the purchases and opening work in
process
Compute the month-end cost of materials in the ending work in process. (Round your intermediate calculations to 2 decimal places.) Cost of materials Opening work in process Purchases Cost of materials goods transferred to next department [ 22,725 Ending work in process (22,725) The cutting department is the first department of Shoe Maker, LLC. On March 1, 2019, the beginning inventory...
Stevens Company's inventory on March 1 and the costs charged to Work in Process—Department B during...
Stevens Company's inventory on March 1 and the costs charged to Work in Process—Department B during March are as follows: Beginning work in process, 12,000 units, 60% completed $ 62,400 From Department A, 55,000 units started this period Direct materials added 115,500 Direct labor incurred 384,916 Factory overhead incurred 138,000 During March, all direct materials were transferred from Department A, the units in process at March 1 were completed, and of the 55,000 units entering the department, all were completed...
Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta...
Superior Micro Products uses the weighted-average method in its
process costing system. During January, the Delta Assembly
Department completed its processing of 25,400 units and transferred
them to the next department. The cost of beginning work in process
inventory and the costs added during January amounted to $704,202
in total. The ending work in process inventory in January consisted
of 2,100 units, which were 70% complete with respect to materials
and 50% complete with respect to labor and overhead. The...
Superior Micro Products uses the weighted average method in its process costing system. During January, the...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,800 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $738,588 in total. The ending work in process inventory in January consisted of 3,600 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. In the Pulping Department,...
Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated, cut, and...
1. During March, the production department of a process manufacturing system completed a number of units...
1. During March, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of the units transferred, 25,000 were in process at the beginning of March and 110,000 were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to labor. At the end of March, 30,000 additional units were in process in the production department and...
Superior Micro Products uses the weighted average method in its process costing system. During January, the...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $704,370 in total. The ending work in process inventory in January consisted of 3.800 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
Superior Micro Products uses the weighted average method in its process costing system. During January, the...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $659,560 in total. The ending work in process inventory in January consisted of 2,800 units, which were 60% complete with respect to materials and 40% complete with respect to labor and overhead....
Please answer 1-4 :) Superior Micro Products uses the weighted average method in its process costing...
Please answer 1-4 :)
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $699,720 in total. The ending work in process inventory in January consisted of 2,600 units, which were 70% complete with respect to materials and 50% complete with respect...
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior...
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25.100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $687312 in total. The ending work in process inventory in January consisted of 3,600 unts which were...
This is the question I am working on.
how do you determine the purchases and opening work in
process
Compute the month-end cost of materials in the ending work in process. (Round your intermediate calculations to 2 decimal places.) Cost of materials Opening work in process Purchases Cost of materials goods transferred to next department [ 22,725 Ending work in process (22,725) The cutting department is the first department of Shoe Maker, LLC. On March 1, 2019, the beginning inventory...
Superior Micro Products uses the weighted-average method in its
process costing system. During January, the Delta Assembly
Department completed its processing of 25,400 units and transferred
them to the next department. The cost of beginning work in process
inventory and the costs added during January amounted to $704,202
in total. The ending work in process inventory in January consisted
of 2,100 units, which were 70% complete with respect to materials
and 50% complete with respect to labor and overhead. The...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,800 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $738,588 in total. The ending work in process inventory in January consisted of 3,600 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated, cut, and...
1. During March, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of the units transferred, 25,000 were in process at the beginning of March and 110,000 were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to labor. At the end of March, 30,000 additional units were in process in the production department and...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $704,370 in total. The ending work in process inventory in January consisted of 3.800 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $659,560 in total. The ending work in process inventory in January consisted of 2,800 units, which were 60% complete with respect to materials and 40% complete with respect to labor and overhead....
Please answer 1-4 :)
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $699,720 in total. The ending work in process inventory in January consisted of 2,600 units, which were 70% complete with respect to materials and 50% complete with respect...
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25.100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $687312 in total. The ending work in process inventory in January consisted of 3,600 unts which were...
Most questions answered within 3 hours.
-
Peabody, Inc., sells fireworks. The company’s marketing director
developed the following cost of goods sold budget...
asked 46 seconds from now -
1. The correlation coefficient determined for two variables has
a value of 0.89. Describe, in words,...
asked 4 minutes ago -
The following data relate to direct materials costs for
November:
Actual costs
4,700 pounds at $5.35...
asked 2 minutes ago -
Kyle, a 95.0 kg football player, leaps straight up into the air
(with no horizontal velocity)...
asked 26 minutes ago -
Which of the following is a measure of profitability?
A.
Quick (acid-test) ratio
B.
Net sales...
asked 29 minutes ago -
Find the total pressure exerted by 2 grams of ethane and 3 grams
of CO2 contained...
asked 30 minutes ago -
A fireman standing on a 5.2 m high ladder operates a water hose
with a round...
asked 26 minutes ago -
A cream formulation is studied for accelerated stability study.
Creaming was observed when formulation was tested...
asked 29 minutes ago -
A 1,150 lumen light bulb is placed 37 cm in front of a mirrored
wall, whose...
asked 40 minutes ago -
Given that z is a standard normal random variable, compute the
following probabilities (to 4 decimals)....
asked 46 minutes ago -
You begin preparation of the calibration curve to measure
absorbance vs concentration of FeSCN2+. To do...
asked 1 hour ago -
When you speak after breathing helium, in which the speed of
sound is much greater than...
asked 56 minutes ago