Homework Answers
Beginning inventory remaining percentage of completion:
Material: 100% - 25% = 75%
Conversion cost: 100% - 40% = 60%
On March 31, the Prepping Department beginning work in process inventory was 25% complete for material and 40% complete for conversion costs. This means that for the beginning inventory 75% of material and 60% of conversion cost but added during April.
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Roger's Frozen Pizzas uses FIFO process costing. Selected production and cost data TOHOW IUI API 2010....
John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018....
John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018. (Click the icon to view the production and cost data.) Read the requirements. Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 25% complete for materials and 90% complete for conversion costs. This means that for the beginning inventory 75 % of the materials and 10 % of the conversion costs were added during April. Requirement 1b. On April 30, the...
Jeffrey's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018...
Jeffrey's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018 Click the icon to view the production and cost data.) Read the requirements Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 30% complete for materials and 75% complete for conversion costs. This means that for the beginning inventory 70% of the materials and 25% of the conversion costs were added during April Requirement 1b. On April 30, the Prepping Department...
Brian's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018...
Brian's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018 (Click the icon to view the production and cost data) Read the requirements Prepping Department Units to account for Requirement la 20,000 On March 31, the Prepping Department beginning Work in Process Inventory was 75% complete for materials and 50% complete for conversion costs. This means that for the beginning inventory of the materials and of conversion costs were added during April Beginning work-in-process,...
Brian's Frozen Plazas uses FIFO process costing Selected production and cost data follow for April 2018...
Brian's Frozen Plazas uses FIFO process costing Selected production and cost data follow for April 2018 (Click the icon to view the production and cost data) Read the requirements Month Ended April 30 Equivalent Units Direct Conversion Materials Costs 10 Physical Units Requirements UNITS Units to account for: Total units to account for 1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 75% complete for materials and 55% complete for conversion costs. This means...
follow for April 2018 Brian's Frozen Puzzasses FIFO process costing Selected production and cost the con...
follow for April 2018 Brian's Frozen Puzzasses FIFO process costing Selected production and cost the con low the production and cost data) 0 Data Table Read the moments Prepping Department Requirement la On March 31, the Prepping Department beginning Work in Process Inventory was 75% complete for materials and 58% complete for conversion costs. This means that for the beginning inventory 25 of the materials and 45 of the conversion were added during April Units to account for Beginning work...
1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40%...
1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40% complete for materials and 60% complete for conversion costs. This means that for the beginning inventory __ % of the materials and_ _% of the conversion costs were added during April. b. On April 30, the Prepping Department ending Work-in-Process Inventory was 40% complete for materials and 45% complete for conversion costs. This means that for the ending inventory __ _% of the materials...
Work in Process Account Data for Two Months; Cost of Production Reports Hearty Soup Co. uses...
Work in Process Account Data for Two Months; Cost of Production Reports Hearty Soup Co. uses a process cost system to record the costs of processing soup, which requires the cooking and filling processes. Materials are entered from the cooking process at the beginning of the filling process. The inventory of Work in Process-Filling on April 1 and debits to the account during April were as follows: Bal., 800 units, 60% completed: Direct materials (800 x $5.80) $ 4,640 Conversion...
Work in Process Account Data for Two Months; Cost of Production Reports Hearty Soup Co. uses...
Work in Process Account Data for Two Months; Cost of Production Reports Hearty Soup Co. uses a process cost system to record the costs of processing soup, which requires the cooking and filling processes. Materials are entered from the cooking process at the beginning of the filling process. The inventory of Work in Process-Filling on April 1 and debits to the account during April were as follows: Bal., 600 units, 70% completed: $ 2,580 Direct materials (600 x $4.30) Conversion...
Reutter, Inc. makes a single product and uses the FIFO method of process costing. The company’s...
Reutter, Inc. makes a single product and uses the FIFO method of
process costing. The company’s product goes through two processing
departments – Etching and Wiring – which completes the process.
This problem focuses on the Writing department which received the
‘etched’ products and then completes them by adding appropriate
writing. In Wiring, the direct materials are placed into production
when the process is 35% complete. Conversion costs are incurred
evenly throughout the process. The relevant information for April
is...
Reutter, Inc. makes a single product and uses the FIFO method of process costing. The company’s...
Reutter, Inc. makes a single product and uses the FIFO method of process costing. The company’s product goes through two processing departments – Etching and Wiring – which completes the process. This problem focuses on the Writing department which received the ‘etched’ products and then completes them by adding appropriate writing. In Wiring, the direct materials are placed into production when the process is 35% complete. Conversion costs are incurred evenly throughout the process. The relevant information for April is...
John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018. (Click the icon to view the production and cost data.) Read the requirements. Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 25% complete for materials and 90% complete for conversion costs. This means that for the beginning inventory 75 % of the materials and 10 % of the conversion costs were added during April. Requirement 1b. On April 30, the...
Jeffrey's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018 Click the icon to view the production and cost data.) Read the requirements Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 30% complete for materials and 75% complete for conversion costs. This means that for the beginning inventory 70% of the materials and 25% of the conversion costs were added during April Requirement 1b. On April 30, the Prepping Department...
Brian's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018 (Click the icon to view the production and cost data) Read the requirements Prepping Department Units to account for Requirement la 20,000 On March 31, the Prepping Department beginning Work in Process Inventory was 75% complete for materials and 50% complete for conversion costs. This means that for the beginning inventory of the materials and of conversion costs were added during April Beginning work-in-process,...
Brian's Frozen Plazas uses FIFO process costing Selected production and cost data follow for April 2018 (Click the icon to view the production and cost data) Read the requirements Month Ended April 30 Equivalent Units Direct Conversion Materials Costs 10 Physical Units Requirements UNITS Units to account for: Total units to account for 1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 75% complete for materials and 55% complete for conversion costs. This means...
follow for April 2018 Brian's Frozen Puzzasses FIFO process costing Selected production and cost the con low the production and cost data) 0 Data Table Read the moments Prepping Department Requirement la On March 31, the Prepping Department beginning Work in Process Inventory was 75% complete for materials and 58% complete for conversion costs. This means that for the beginning inventory 25 of the materials and 45 of the conversion were added during April Units to account for Beginning work...
1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40% complete for materials and 60% complete for conversion costs. This means that for the beginning inventory __ % of the materials and_ _% of the conversion costs were added during April. b. On April 30, the Prepping Department ending Work-in-Process Inventory was 40% complete for materials and 45% complete for conversion costs. This means that for the ending inventory __ _% of the materials...
Work in Process Account Data for Two Months; Cost of Production Reports Hearty Soup Co. uses a process cost system to record the costs of processing soup, which requires the cooking and filling processes. Materials are entered from the cooking process at the beginning of the filling process. The inventory of Work in Process-Filling on April 1 and debits to the account during April were as follows: Bal., 800 units, 60% completed: Direct materials (800 x $5.80) $ 4,640 Conversion...
Work in Process Account Data for Two Months; Cost of Production Reports Hearty Soup Co. uses a process cost system to record the costs of processing soup, which requires the cooking and filling processes. Materials are entered from the cooking process at the beginning of the filling process. The inventory of Work in Process-Filling on April 1 and debits to the account during April were as follows: Bal., 600 units, 70% completed: $ 2,580 Direct materials (600 x $4.30) Conversion...
Reutter, Inc. makes a single product and uses the FIFO method of
process costing. The company’s product goes through two processing
departments – Etching and Wiring – which completes the process.
This problem focuses on the Writing department which received the
‘etched’ products and then completes them by adding appropriate
writing. In Wiring, the direct materials are placed into production
when the process is 35% complete. Conversion costs are incurred
evenly throughout the process. The relevant information for April
is...
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