Can you please explain how to do this?? I
tried something, but am unsure if it's even right. Thanks!
Homework Answers
| Ans. | Option 3rd 3,470 | |
| Particulars | Amount | |
| Units in ending inventory | 530 | |
| Add: Units transferred out | 2,940 | |
| Less: Units in beginning inventory | 0 | |
| Units started during the period | 3,470 | |
Add Answer to:
Can you please explain how to do this?? I
tried something, but am unsure if it's...
I need help with this question, I watched the show me how video and I am...
I need help with this question, I watched the show me how video
and I am a little confused.
If someone could give me a step by step guide explaining how to
approach this problem, that be amazing!
Thanks,
(Appendix 6A) FIFO; Production Report Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following...
There are no units in process at the beginning of the period, 470 units in process...
There are no units in process at the beginning of the period, 470 units in process at the end of the period that are 20% complete, and 3140 units transferred out during the period. Based on this information, how many units were started during the period under the weighted-average method? 3234 3140 2670 3610
Did I do this problem right or am I wrong? I was unsure of how to...
Did I do this problem right or am I wrong? I was unsure of how
to set it up.
on the 25 units at $60 20 units 20 units at $61 10 units 20 units at $62 June 1 Balance 8 Purchase 16 Sale 20 Purchase 23 Sale 30 Purchase 15 units at $63 Calculate the cost of the ending inventory at June 30, using (a) the first-in, first-out (FIFO) method and (b) the last-in, first-out (LIFO) method. Identify the...
I have no idea how do these problems. Can you explain and show an example pa...
I have no idea how do these problems. Can you explain and show
an example
pa Exercise 4-16 Process Costing: Use of Internet (LO 4-1) Use the Internet to access the website for Weyerhaeuser (www.wuju (www.internationalpaper.com), or Boise Cascade (www.boisecascade.com). Required: Skim over the information presented on the website about the company's pro operations. Then discuss why process costing is an appropriate product-costing method for this any's products and od for this company ing of the process Exercise 4-17 Equivalent...
I tried multiple times to solve it and I can't get the right answer. Montreal Manufacturing...
I tried multiple times to solve it and I can't get the right
answer.
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 103,300 90,500 29,700 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows:...
A plant using process costing has 4,000 units in beginning work-in-process, and started 15,000 more. If...
A plant using process costing has 4,000 units in beginning work-in-process, and started 15,000 more. If 5,000 units are in the ending work-in-process then: For Answer Scoring 1. How many units are there to account for? 1. 2. How many units are transferred using weighted average method? 2. 3. How many units are transferred using first-in, first out method? 3. 4. How many units were both started and completed during this period? 4.
Please no cursive and explain answer so I can understand. Exercise A Using the average cost...
Please no cursive and explain answer so I can understand.
Exercise A Using the average cost method, compute the equivalent units of production in each of the following cases: 1. Units started in production during the month, 72,000; units completed and transferred, 52,800 and units in process at the end of the month (100% complete as to materials; 60% complete as to conversion), 19,200. (There was no beginning inventory.) 2. Units in process at the beginning of the month (100%...
I guess I am just confused with mostly how to get the Ending Inventory column. Any...
I guess I am just confused with mostly how to get the Ending
Inventory column. Any help is appreciated
Equivalent Units Calculations-FIFO Method Ferris Corporation makes a powdered rug shampoo in two sequential departments, Compounding and Drying. Materials are added at the beginning of the process in the Compounding Department. Conversion costs are added evenly throughout each process. Ferris uses the FIFO method of process costing. In the Compounding Department, beginning work in process was 4,000 pounds (70% processed), 37,000...
Hey! Can I please have help with the bottom part that I got wrong? Thank you!...
Hey! Can I please have help with the bottom part that I got
wrong? Thank you!
Callisto Company manufactures chemical additives for industrial applications. As the new cost accountant for Callisto, you have been assigned the task of completing the production cost report for the most recent period. Callisto uses the weighted average method of process costing. The following information pertains to the most recent period: Beginning WIP inventory Units started into production this period Units completed and transferred out...
how do I calculate? The following partially completed process cost summary describes the July production activities...
how do I calculate?
The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials Conversion 33,500 EUP 33,500 EUP 4,000 EUP...
I need help with this question, I watched the show me how video
and I am a little confused.
If someone could give me a step by step guide explaining how to
approach this problem, that be amazing!
Thanks,
(Appendix 6A) FIFO; Production Report Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following...
Did I do this problem right or am I wrong? I was unsure of how
to set it up.
on the 25 units at $60 20 units 20 units at $61 10 units 20 units at $62 June 1 Balance 8 Purchase 16 Sale 20 Purchase 23 Sale 30 Purchase 15 units at $63 Calculate the cost of the ending inventory at June 30, using (a) the first-in, first-out (FIFO) method and (b) the last-in, first-out (LIFO) method. Identify the...
I have no idea how do these problems. Can you explain and show
an example
pa Exercise 4-16 Process Costing: Use of Internet (LO 4-1) Use the Internet to access the website for Weyerhaeuser (www.wuju (www.internationalpaper.com), or Boise Cascade (www.boisecascade.com). Required: Skim over the information presented on the website about the company's pro operations. Then discuss why process costing is an appropriate product-costing method for this any's products and od for this company ing of the process Exercise 4-17 Equivalent...
I tried multiple times to solve it and I can't get the right
answer.
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 103,300 90,500 29,700 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows:...
Please no cursive and explain answer so I can understand.
Exercise A Using the average cost method, compute the equivalent units of production in each of the following cases: 1. Units started in production during the month, 72,000; units completed and transferred, 52,800 and units in process at the end of the month (100% complete as to materials; 60% complete as to conversion), 19,200. (There was no beginning inventory.) 2. Units in process at the beginning of the month (100%...
I guess I am just confused with mostly how to get the Ending
Inventory column. Any help is appreciated
Equivalent Units Calculations-FIFO Method Ferris Corporation makes a powdered rug shampoo in two sequential departments, Compounding and Drying. Materials are added at the beginning of the process in the Compounding Department. Conversion costs are added evenly throughout each process. Ferris uses the FIFO method of process costing. In the Compounding Department, beginning work in process was 4,000 pounds (70% processed), 37,000...
Hey! Can I please have help with the bottom part that I got
wrong? Thank you!
Callisto Company manufactures chemical additives for industrial applications. As the new cost accountant for Callisto, you have been assigned the task of completing the production cost report for the most recent period. Callisto uses the weighted average method of process costing. The following information pertains to the most recent period: Beginning WIP inventory Units started into production this period Units completed and transferred out...
how do I calculate?
The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials Conversion 33,500 EUP 33,500 EUP 4,000 EUP...
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