Homework Answers
| Direct Materials | Conversion | Total Cost | ||
| Units Completed & Transferred Out | $ 172,800.00 | $ 310,400.00 | $ 483,200.00 | |
| Ending Inventory | $ 54,000.00 | $ 73,720.00 | $ 127,720.00 | |
| Total Cost Accounted for | $ 226,800.00 | $ 384,120.00 | $ 610,920.00 | |
| Explanation: | ||||
| Units Completed & Transferred Out (Direct Materials) 32,000 Units × $5.40 = $172,800 | ||||
| Units Completed & Transferred Out (Conversion) 32,000 Units × $9.70 = $310,400 | ||||
| Ending Inventory (Direct Materials) 10,000 Units × $5.40 = $54,000 | ||||
| Ending Inventory (Conversion) (10,000 Units × 76%) × $9.70 = $73,720 | ||||
Add Answer to:
Chapter 3 Help Save & Exit Submit Pearl Company has the following production information for October:...
M3-7 Assigning Costs to Units [LO 3-3, 3-4] Pearl Company has the following production information for...
M3-7 Assigning Costs to Units [LO 3-3, 3-4] Pearl Company has the following production information for October: 43,000 units transferred out and 11,000 units in ending work in process that are 100 percent complete for materials and 68 percent complete for conversion costs. Materials cost is $5.20 per equivalent unit and conversion cost is $8.80 per equivalent unit. Determine the cost assigned to the units transferred out and the units in ending work in process using the weighted average method....
Ch 03 Ex 3-12 Saved Help Save & Exit Submit Check my work Required information [The...
Ch 03 Ex 3-12 Saved Help Save & Exit Submit Check my work Required information [The following information applies to the questions displayed below.) 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. points eBook Hint Equivalent Units of...
Ch 03 Ex 3-9 A Saved Help Save & Exit Submit Check my work 10 points...
Ch 03 Ex 3-9 A Saved Help Save & Exit Submit Check my work 10 points Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] eBook Hint During April, the first production department of a process manufacturing system completed its work on 405,000 units of a product and transferred them to the next department. Of these transferred units, 81,000 were in process in the production department at the beginning of...
The following partially completed process cost summary describes the July production activities of Ashad Company. Its...
The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Ending work in process inventory is 60% complete with respect to conversion. Equivalent Units of Production Units transferred out Units of ending work in process Direct Materials 32,000 2,500 Conversion 32,000 1,500 Equivalent...
M3-8 Assigning Costs to Units [LO 3-3] Roland Corp. had the following production information for August:...
M3-8 Assigning Costs to Units [LO 3-3] Roland Corp. had the following production information for August: Beginning work in process Units started and completed Ending work in process 0 24,000 4,800 Roland's ending work in process is 100 percent complete for materials and 27 percent complete for conversion. Roland uses the weighted-average costing method and has computed direct materials cost per equivalent unit of $5.70 and conversion cost per equivalent unit of $12.70. Determine the cost assigned to units transferred...
Bedin.com Ch 16 Exercises Part 2 Saved Help Save & Exit Submit Check my work 5...
Bedin.com Ch 16 Exercises Part 2 Saved Help Save & Exit Submit Check my work 5 Exercise 16-20 Weighted average: Process cost summary LO C3 Hi. Test Company uses the weighted average method of process costing to assign production costs to its products. Information for September follows. Assume that all materials are added at the beginning of its production process, and that conversion costs are added uniformly throughout the process. 222 work in process inventory, September 1 (2.000 units, 100%...
Elliott Company produces large quantities of a standardized product. The following information is available for the...
Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March Units Beginning work in process inventory Started Ending work in process inventory 1.000 10,000 2,000 Costs Beginning work in process inventory Direct materials Conversion status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 100% Direct labor added 25% Overhead applied (140% of direct labor) Total costs to account for Ending work...
Oslo Company produces large quantities of a standardized product. The following information is available for the...
Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May. $ 5,058 11,298 Units Beginning work in process inventory Started Ending work in process inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Costs 6,200 Beginning work in process inventory 23,000 Direct materials 7,400 Conversion Direet materials added 1001 Direet labor added 356 Overhead applied (908 of direct labor) Total costs to account...
The following partially completed process cost summary describes the July production activities of ashad company alue:...
The
following partially completed process cost summary describes the
July production activities of ashad company
alue: ..00 points The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Ending work in process inventory is 60% complete with respect to conversion Equivalent Units of...
Elliott Company produces large quantities of a standardized product. The following information is available for th...
Elliott Company produces large quantities of a standardized product. The following information is available for th first process in its production activities for March Units Beginning work in process inventory Started Ending work in process inventory 3,500 35.000 7.000 Costs Beginning work in process inventory Direct materials Conversion $ 3,815 11,592 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 10 Direct labor added 40% Overhead applied (140% of direct labor) Total costs to account...
M3-7 Assigning Costs to Units [LO 3-3, 3-4] Pearl Company has the following production information for October: 43,000 units transferred out and 11,000 units in ending work in process that are 100 percent complete for materials and 68 percent complete for conversion costs. Materials cost is $5.20 per equivalent unit and conversion cost is $8.80 per equivalent unit. Determine the cost assigned to the units transferred out and the units in ending work in process using the weighted average method....
Ch 03 Ex 3-12 Saved Help Save & Exit Submit Check my work Required information [The following information applies to the questions displayed below.) 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. points eBook Hint Equivalent Units of...
Ch 03 Ex 3-9 A Saved Help Save & Exit Submit Check my work 10 points Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] eBook Hint During April, the first production department of a process manufacturing system completed its work on 405,000 units of a product and transferred them to the next department. Of these transferred units, 81,000 were in process in the production department at the beginning of...
The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Ending work in process inventory is 60% complete with respect to conversion. Equivalent Units of Production Units transferred out Units of ending work in process Direct Materials 32,000 2,500 Conversion 32,000 1,500 Equivalent...
M3-8 Assigning Costs to Units [LO 3-3] Roland Corp. had the following production information for August: Beginning work in process Units started and completed Ending work in process 0 24,000 4,800 Roland's ending work in process is 100 percent complete for materials and 27 percent complete for conversion. Roland uses the weighted-average costing method and has computed direct materials cost per equivalent unit of $5.70 and conversion cost per equivalent unit of $12.70. Determine the cost assigned to units transferred...
Bedin.com Ch 16 Exercises Part 2 Saved Help Save & Exit Submit Check my work 5 Exercise 16-20 Weighted average: Process cost summary LO C3 Hi. Test Company uses the weighted average method of process costing to assign production costs to its products. Information for September follows. Assume that all materials are added at the beginning of its production process, and that conversion costs are added uniformly throughout the process. 222 work in process inventory, September 1 (2.000 units, 100%...
Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March Units Beginning work in process inventory Started Ending work in process inventory 1.000 10,000 2,000 Costs Beginning work in process inventory Direct materials Conversion status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 100% Direct labor added 25% Overhead applied (140% of direct labor) Total costs to account for Ending work...
Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May. $ 5,058 11,298 Units Beginning work in process inventory Started Ending work in process inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Costs 6,200 Beginning work in process inventory 23,000 Direct materials 7,400 Conversion Direet materials added 1001 Direet labor added 356 Overhead applied (908 of direct labor) Total costs to account...
The
following partially completed process cost summary describes the
July production activities of ashad company
alue: ..00 points The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Ending work in process inventory is 60% complete with respect to conversion Equivalent Units of...
Elliott Company produces large quantities of a standardized product. The following information is available for th first process in its production activities for March Units Beginning work in process inventory Started Ending work in process inventory 3,500 35.000 7.000 Costs Beginning work in process inventory Direct materials Conversion $ 3,815 11,592 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 10 Direct labor added 40% Overhead applied (140% of direct labor) Total costs to account...
Most questions answered within 3 hours.
-
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 5 minutes ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 30 minutes ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 1 hour ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 2 hours ago -
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 2 hours ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 2 hours ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 2 hours ago -
How are the matrix and pixels related? Why are smaller
pixels better for diagnostic quality?
asked 3 hours ago -
2. An AC generator has 80 rectangular loops on
its armature. Each loop is 11 cm...
asked 3 hours ago -
Please help me with this question. Consider Aldi’s current and
potential geographic markets (see Exhibit 4...
asked 3 hours ago -
What are the main components of the fermentation process and
give an explanation of each? Include...
asked 3 hours ago -
Explain which types of cells in the body (belonging to which
organs, etc.) are sensitive to...
asked 3 hours ago