Homework Answers
a) Equivalent unit of conversion = 525000+(72000*50%) = 561000
b) Cost per equivalent unit of material = (28300+350950)/597000 = 0.64
Cost per equivalent unit of conversion = (45700+1259550)/561000 = 2.33
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Materials are added at the beginning of the production process at Campo Company. The following information...
signment Materials are added at the beginning of the production process at Campo Company. Campo uses...
signment Materials are added at the beginning of the production process at Campo Company. Campo uses a FIFO process costing system. The following information on the physical flow of units is available for the month of November Beginning work in process (43% complete) Started in November completed in November and transferred out Ending work in process (69% cosplete) 1, 227, eee 969, eee 145 De Required: Compute the equivalent units for the conversion cost calculation Equalent units
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added...
Victory Company uses weighted-average process costing to
account for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the process. During November, the company transferred 700,000
units of product to finished goods. At the end of November, the
work in process inventory consists of 180,000 units that are 30%
complete with respect to conversion. Beginning inventory had
$420,000 of direct materials and $139,000 of conversion cost. The
direct material cost...
Materials are added at the beginning of a production process, and ending work in process inventory...
Materials are added at the beginning of a production process, and ending work in process inventory is 20% complete with respect to conversion costs. Use the information provided to complete a production cost report using the weighted average method. Costs to Account For Beginning inventory materials $9.000 Beg i nventory conversion 20.000 Direct material 58.600 Direct labor 74.000 Applied overhead 34520 Total costs to account for $196,120 Units to Account For Beginning work in process 5.000 Units started into production...
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process...
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,500 units 2,000 units 3,000 units Beginning work-in-process inventory Units started Units completed and placed in finished goods Cost added during the period Cost of direct...
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process...
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,500 2,000 3,000 Beginning work-in-process inventory units Units started units Units completed and placed in finished goods units Cost added during the period Cost of direct...
Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and...
Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,000 units 2,500 units 2,500 units Beginning work-in-process inventory Units started Units completed and placed in finished goods Cost added during the period Cost of direct materials...
Satina Corporation's Department A has the following information: % Completed Costs Beginning Work in Process: 6,000...
Satina Corporation's Department A has the following information: % Completed Costs Beginning Work in Process: 6,000 Units Direct Materials 100 $43,708 Conversion 40 $35,550 New Units Started: 28,000 units Direct Materials $112,000 Conversion $88,200 Ending Work in Process: 2,000 units Direct Materials 100 Conversion 50 Required: Complete the table below using the weighted-average and FIFO methods Weighted-Average Equivalent Units FIFO Equivalent Units Physical Units Materials Conversion Materials Conversion Beginning WIP Units Started To account for Units Finished Ending WIP Total...
Required information (The following information applies to the questions displayed below.) Victory Company uses weighted-average process...
Required information (The following information applies to the questions displayed below.) Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 715,000 units of product to finished goods. At the end of November, the work in process inventory consists of 205,000 units that are 80% complete with respect to conversion. Beginning inventory had $538,200 of...
Required information (The following information applies to the questions displayed below. Victory Company uses weighted-average process...
Required information (The following information applies to the questions displayed below. Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 745,000 units of product to finished goods. At the end of November, the work in process inventory consists of 181,000 units that are 60% complete with respect to conversion. Beginning inventory had $300,950 of...
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added...
Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process transferred 750,000 units of product to the second process. Additional information for the first process follows. At the end of November, work in process inventory consists of 199,000 units that are 70% complete with respect to conversion. Beginning work in process inventory had $246,740...
signment Materials are added at the beginning of the production process at Campo Company. Campo uses a FIFO process costing system. The following information on the physical flow of units is available for the month of November Beginning work in process (43% complete) Started in November completed in November and transferred out Ending work in process (69% cosplete) 1, 227, eee 969, eee 145 De Required: Compute the equivalent units for the conversion cost calculation Equalent units
Victory Company uses weighted-average process costing to
account for its production costs. Conversion cost is added evenly
throughout the process. Direct materials are added at the beginning
of the process. During November, the company transferred 700,000
units of product to finished goods. At the end of November, the
work in process inventory consists of 180,000 units that are 30%
complete with respect to conversion. Beginning inventory had
$420,000 of direct materials and $139,000 of conversion cost. The
direct material cost...
Materials are added at the beginning of a production process, and ending work in process inventory is 20% complete with respect to conversion costs. Use the information provided to complete a production cost report using the weighted average method. Costs to Account For Beginning inventory materials $9.000 Beg i nventory conversion 20.000 Direct material 58.600 Direct labor 74.000 Applied overhead 34520 Total costs to account for $196,120 Units to Account For Beginning work in process 5.000 Units started into production...
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,500 units 2,000 units 3,000 units Beginning work-in-process inventory Units started Units completed and placed in finished goods Cost added during the period Cost of direct...
3) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,500 2,000 3,000 Beginning work-in-process inventory units Units started units Units completed and placed in finished goods units Cost added during the period Cost of direct...
Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,000 units 2,500 units 2,500 units Beginning work-in-process inventory Units started Units completed and placed in finished goods Cost added during the period Cost of direct materials...
Required information (The following information applies to the questions displayed below.) Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 715,000 units of product to finished goods. At the end of November, the work in process inventory consists of 205,000 units that are 80% complete with respect to conversion. Beginning inventory had $538,200 of...
Required information (The following information applies to the questions displayed below. Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 745,000 units of product to finished goods. At the end of November, the work in process inventory consists of 181,000 units that are 60% complete with respect to conversion. Beginning inventory had $300,950 of...
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