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Gallons Materials Labor Overhead Work in process, May 1 80,000 $68,600 $30,000 $48,000 Gallons started in...
Kalox, Inc., manufactures an antacid product that passes through two departments. Data for May for the...
Kalox, Inc., manufactures an antacid product that passes through two departments. Data for May for the first department follow: Gallons Materials Labor Overhead Work in process, May 1 80,000 $68,600 $30,000 $48,000 Gallons started in process760,000 Gallons transferred out Work in process, May 31 Cost added during May 790,000 50,000 $907,200 $370,000 $592,000 The beginning work in process inventory was 80% complete with respect to materials and 75% complete with respect to labor and overhead. The ending work in process...
1. Compute the first department's equivalent units of production for materials, labor, and overhead for the...
1. Compute the first department's equivalent units of
production for materials, labor, and overhead for the month.
2. Determine the first department's cost per equivalent unit
for materials, labor, and overhead for the month. (Round your
answers to 2 decimal places.)
Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow. Materials $ 68,600 Labor $30,000 Overhead $ 48,000...
Еупи. Prepare journal entries showing the flow of costs through the two processing departments during April....
Еупи. Prepare journal entries showing the flow of costs through the two processing departments during April. EXERCISE 6-6 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [LO2, LO3] Healthcheck Corp. manufactures an antacid product that passes through two departments. Data for June for the first department follow: Materials $ 68,600 Labour $ 30,000 Overhead $ 48,000 Work in process, June 1...... Litres started in process.... Litres transferred out .......... Work in process, June 30............ Cost added during June .......... Litres...
1. Compute the equivalent units of materials, labor, and overhead in the ending work in process...
1. Compute the equivalent units of materials, labor, and
overhead in the ending work in process inventory for the
month.
2. Compute the cost of ending work in process inventory for
materials, labor, overhead, and in total for January.
3. Compute the cost of the units transferred to the next
department for materials, labor, overhead, and in total for
January.
4. Prepare a cost reconciliation for January. (Note: You will
not be able to break the cost to be accounted...
800 gallons 8,400 gallons 7,700 gallons 1,500 gallons Gallons Beginning Work-in-Process Inventory Started in production Completed...
800 gallons 8,400 gallons 7,700 gallons 1,500 gallons Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in March Ending Work-in-Process Inventory (80% of the way through the fermenting process) Costs Beginning Work-in-Process Inventory: Direct materials Direct labor Manufacturing overhead allocated Costs added during March: Direct materials Direct labor $ 1,509 160 260 930 3,100 Manufacturing overhead allocated $ 12,641 Total costs added during March Jackson Winery in Pleasant Valley, New York, has two departments: Fermenting...
900 gallons 7,100 gallons 7,000 gallons Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred...
900 gallons 7,100 gallons 7,000 gallons Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in March Ending Work-in-Process Inventory (80% of the way through the fermenting process) Costs Beginning Work-in-Process Inventory: Direct materials 1,000 gallons 390 Direct labor 170 240 Manufacturing overhead allocated Costs added during March: Direct materials 8,330 Direct labor 1,950 3,100 Manufacturing overhead allocated $ 13,380 Total costs added during March Smith Winery in Pleasant Valley, New York, has two departments: Fermenting...
Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in May Ending...
Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in May Ending Work-in-Process Inventory (30% of the way through the blending process) Costs O gallons 9,000 gallons 4,000 gallons 5,000 gallons Beginning Work-in-Process Inventory $ 0 Costs added during May: Direct materials 6,750 Direct labor 1,300 2,000 Manufacturing overhead allocated $ 10,050 Total costs added during May Paint by Number prepares and packages paint products. Paint by Number has two departments: Blending and Packaging. Direct materials...
Brainerd Corporation adds all materials at the beginning of production. On August 1, 2019, 1,400 gallons...
Brainerd Corporation adds all materials at the beginning of production. On August 1, 2019, 1,400 gallons of its product were in production in the first department. During the month of August, 10,600 gallons were put into production. On August 31, 1,900 gallons were still in production. The ending inventory is estimated to be 70 percent complete as to labor and overhead. Cost data for the month follows: Materials Labor Overhead Beginning inventory of work in process $ 7,560 $ 5,100...
Work in Process-Grinding Department Completed and transferred to the Mixing Department ? Inventory, May 1 Materials...
Work in Process-Grinding Department Completed and transferred to the Mixing Department ? Inventory, May 1 Materials Conversion 174,720 465,510 217,470 Inventory, May 31 ? The May 1 work in process inventory consisted of 91,000 pounds with $117,390 in materials cost and $57,330 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 311,000 pounds were started into production. The May 31 inventory consisted of...
The May 1 work-in-process inventory was 100% complete with respect to materials and 30% complete with respect to conversion
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below:The May 1 work-in-process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 167000 pounds were started into production. The May 31 inventory consisted of 15.000 pounds that were...
Kalox, Inc., manufactures an antacid product that passes through two departments. Data for May for the first department follow: Gallons Materials Labor Overhead Work in process, May 1 80,000 $68,600 $30,000 $48,000 Gallons started in process760,000 Gallons transferred out Work in process, May 31 Cost added during May 790,000 50,000 $907,200 $370,000 $592,000 The beginning work in process inventory was 80% complete with respect to materials and 75% complete with respect to labor and overhead. The ending work in process...
1. Compute the first department's equivalent units of
production for materials, labor, and overhead for the month.
2. Determine the first department's cost per equivalent unit
for materials, labor, and overhead for the month. (Round your
answers to 2 decimal places.)
Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow. Materials $ 68,600 Labor $30,000 Overhead $ 48,000...
Еупи. Prepare journal entries showing the flow of costs through the two processing departments during April. EXERCISE 6-6 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [LO2, LO3] Healthcheck Corp. manufactures an antacid product that passes through two departments. Data for June for the first department follow: Materials $ 68,600 Labour $ 30,000 Overhead $ 48,000 Work in process, June 1...... Litres started in process.... Litres transferred out .......... Work in process, June 30............ Cost added during June .......... Litres...
1. Compute the equivalent units of materials, labor, and
overhead in the ending work in process inventory for the
month.
2. Compute the cost of ending work in process inventory for
materials, labor, overhead, and in total for January.
3. Compute the cost of the units transferred to the next
department for materials, labor, overhead, and in total for
January.
4. Prepare a cost reconciliation for January. (Note: You will
not be able to break the cost to be accounted...
800 gallons 8,400 gallons 7,700 gallons 1,500 gallons Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in March Ending Work-in-Process Inventory (80% of the way through the fermenting process) Costs Beginning Work-in-Process Inventory: Direct materials Direct labor Manufacturing overhead allocated Costs added during March: Direct materials Direct labor $ 1,509 160 260 930 3,100 Manufacturing overhead allocated $ 12,641 Total costs added during March Jackson Winery in Pleasant Valley, New York, has two departments: Fermenting...
900 gallons 7,100 gallons 7,000 gallons Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in March Ending Work-in-Process Inventory (80% of the way through the fermenting process) Costs Beginning Work-in-Process Inventory: Direct materials 1,000 gallons 390 Direct labor 170 240 Manufacturing overhead allocated Costs added during March: Direct materials 8,330 Direct labor 1,950 3,100 Manufacturing overhead allocated $ 13,380 Total costs added during March Smith Winery in Pleasant Valley, New York, has two departments: Fermenting...
Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in May Ending Work-in-Process Inventory (30% of the way through the blending process) Costs O gallons 9,000 gallons 4,000 gallons 5,000 gallons Beginning Work-in-Process Inventory $ 0 Costs added during May: Direct materials 6,750 Direct labor 1,300 2,000 Manufacturing overhead allocated $ 10,050 Total costs added during May Paint by Number prepares and packages paint products. Paint by Number has two departments: Blending and Packaging. Direct materials...
Work in Process-Grinding Department Completed and transferred to the Mixing Department ? Inventory, May 1 Materials Conversion 174,720 465,510 217,470 Inventory, May 31 ? The May 1 work in process inventory consisted of 91,000 pounds with $117,390 in materials cost and $57,330 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 311,000 pounds were started into production. The May 31 inventory consisted of...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below:The May 1 work-in-process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 167000 pounds were started into production. The May 31 inventory consisted of 15.000 pounds that were...
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