Question

HLULSJVELElyagenow.coT OtakeAS5genotakEASSI enLMaiauvRassgEHS8ReLgHHseEsaloALBEatarasslghment eook Calculator Weighted Averag
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer is given below with working note

1 Unit Cost $14.25 Per Equivalent unit 2 Cost of Ending Work in progress $81,000 Cost of Goods transferred out $356,250 Worki

Add a comment
Know the answer?
Add Answer to:
HLULSJVELElyagenow.coT OtakeAS5genotakEASSI enLMaiauvRassgEHS8ReLgHHseEsaloALBEatarasslghment eook Calculator Weighted Average Method, Unit Cost, valuation of Goods Transferred Out and...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Holmes...

    Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department: Direct Materials Conversion Costs Units completed 25,000 25,000 Units, ending work in process ×   Percentage complete: 8,000 × 100% 8,000 — 8,000 × 50% — 4,000 Equivalent units of output 33,000 29,000 Costs assigned to beginning...

  • Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Holmes...

    Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department: Direct Materials Conversion Costs Units completed 25,000 25,000 Units, ending work in process ×   Percentage complete: 7,000 × 100% 7,000 — 7,000 × 50% — 3,500 Equivalent units of output 32,000 28,500 Costs assigned to beginning...

  • FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company...

    FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department: Direct Materials Conversion Costs Units started and completed 40,000 40,000 Units, beginning work in process: 20,000 × 0% — — 20,000 × 50% — 10,000...

  • NUMBER #3. PLEASE FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in...

    NUMBER #3. PLEASE FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department: Conversion Costs Direct Materials Units started and completed 45,000 45,000 Units, beginning work in process: 14,000 x 0% 14,000 x 50% 7,000...

  • FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company...

    FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department: Direct Materials Conversion Costs Units started and completed 40,000 40,000 Units, beginning work in process: 12,000 × 0% — — 12,000 × 50% — 6,000...

  • FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company...

    FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department: Direct Materials Conversion Costs Units started and completed 40,000 40,000 Units, beginning work in process: 20,000 × 0% — — 20,000 × 50% — 10,000...

  • 4 Exercise 6.19 Equivalent Units: FIFO Method Using the data from Exercise 6.18, compute the equivalent...

    4 Exercise 6.19 Equivalent Units: FIFO Method Using the data from Exercise 6.18, compute the equivalent units of production for each of the four departments using the FIFO method. Exercise 6.20 Weighted Average Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department: Direct Materials Conversion Costs Units...

  • Exercise 6.21 FIFO M OBJECTI se 6.21 FIFO Method, Unit Cost, Valuation of Goods Transferred Out,...

    Exercise 6.21 FIFO M OBJECTI se 6.21 FIFO Method, Unit Cost, Valuation of Goods Transferred Out, and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manu- facturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department: Direct Materials Conversion Costs Units started and completed 40,000 40,000 Units, beginning work in process: 10,000 X...

  • FIFO Method, Valuation of Goods Transferred Out and Ending Work in Process K-Briggs Company uses the...

    FIFO Method, Valuation of Goods Transferred Out and Ending Work in Process K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the first processing department, the following equivalent units schedule has been prepared: Direct Materials Conversion Costs Units started and completed 28,000 28,000 Units, beginning work in process: 10,000 × 0% — — 10,000 × 40% — 4,000 Units, ending work in process: 6,000 × 100% 6,000 — 6,000 × 75% — 4,500 Equivalent...

  • Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...

    Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.40 and $0.10, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 1,600 Started and completed during the period 42,000 42,000 Transferred out of Filling (completed) 42,000 43,600 Inventory in process, end of period 8,000 2,000 Total...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT