Question

In: Accounting

The Blending Department of Luongo Company has the following cost and production data for the month...

The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete $118,000 Conversion costs: 20% complete 82,600 Cost of work in process, April 1 $200,600 Costs incurred during production in April Direct materials $944,000 Conversion costs 430,700 Costs incurred in April $1,374,700 Units transferred out totaled 20,060. Ending work in process was 1,180 units that are 100% complete as to materials and 40% complete as to conversion costs. Collapse question part (a) Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April. Materials Conversion Costs The equivalent units of production?

Solutions

Expert Solution

If you like my explanation, please give a "thumbs up"

For calculation ref:


Related Solutions

The Blending Department of Luongo Company has the following cost and production data for the month...
The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete $125,000 Conversion costs: 20% complete 87,500 Cost of work in process, April 1 $212,500 Costs incurred during production in April Direct materials $1,000,000 Conversion costs 456,250 Costs incurred in April $1,456,250 Units transferred out totaled 21,250. Ending work in process was 1,250 units that are 100% complete as to materials and 40%...
The Blending Department of Oriole Company has the following cost and production data for the month...
The Blending Department of Oriole Company has the following cost and production data for the month of April. Costs:    Work in process, April 1       Direct materials: 100% complete $113,000       Conversion costs: 20% complete 79,100          Cost of work in process, April 1 $192,100    Costs incurred during production in April       Direct materials $904,000       Conversion costs 412,450          Costs incurred in April $1,316,450 Units transferred out totaled 19,210. Ending work in process was 1,130 units that are 100% complete as to materials and 40%...
The Blending Department of Luongo Company has the following cost and production data for the month...
The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs:    Work in process, April 1       Direct materials: 100% complete $106,000       Conversion costs: 20% complete 74,200          Cost of work in process, April 1 $180,200    Costs incurred during production in April       Direct materials $848,000       Conversion costs 386,900          Costs incurred in April $1,234,900 Units transferred out totaled 18,020. Ending work in process was 1,060 units that are 100% complete as to materials and 40%...
The Blending Department of Luongo Company has the following cost and production data for the month...
The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs:    Work in process, April 1       Direct materials: 100% complete $ 122,000       Conversion costs: 20% complete 85,400          Cost of work in process, April 1 $ 207,400    Costs incurred during production in April       Direct materials $ 976,000       Conversion costs 445,300          Costs incurred in April $ 1,421,300 Units transferred out totaled  20,740. Ending work in process was  1,220 units that are 100% complete as to materials...
The smelting department of Company X has following production and cost data for September: Production: No...
The smelting department of Company X has following production and cost data for September: Production: No beginning work in process; units started into production 1,000 units; units transferred out to next department 900 units; ending work in process 100 units that are 100% complete as to materials and 4z% complete as to conversion costs. Manufacturing costs: In current period, TL50,x00 worth of materials, TL25,y00 worth of labor and TL3t,000 worth of manufacturing overhead costs are incurred. (a) (15 points) Assuming...
The Sanding Department of Kayden Company has the following production and cost data for November. Production                 ...
The Sanding Department of Kayden Company has the following production and cost data for November. Production                                                                  Costs                           1. Started and completed 9,000 units.                        Beginning work in process     $    -0- 2. Started 3,000 units that are 75%                            Materials                                 56,250      completed at November 30.                                   Labor                                       123,750                                                                                     Manufacturing Overhead        45,000 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Kayden Company uses the FIFO method to compute equivalent units. (a)        Determine...
The Cutting Department of Cassel Company has the following production and cost data for July. Production...
The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs 1. Transferred out 12,000 units. Beginning work in process $0 2. Started 3,000 units that are 60% Materials 45,000 complete as to conversion Labor 16,200 costs and 100% complete as Manufacturing overhead 18,300 to materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
The smelting department of Company X has the following production and cost data for September: •...
The smelting department of Company X has the following production and cost data for September: • Production: Beginning work in process 200 units that are 100% complete as to materials and 82% complete as to conversion costs; units started into production 1,000 units; units transferred out to next department 950 units; ending work in process are 100% complete as to materials and 42% complete as to conversion costs. • Manufacturing costs: Beginning work in process TL8,200 materials, TL9,270 labor, and...
The smelting department of Company X has the following production and cost data for September: •...
The smelting department of Company X has the following production and cost data for September: • Production: Beginning work in process 200 units that are 100% complete as to materials and 82% complete as to conversion costs; units started into production 1,000 units; units transferred out to next department 950 units; ending work in process are 100% complete as to materials and 42% complete as to conversion costs. • Manufacturing costs: Beginning work in process TL8,200 materials, TL9,270 labor, and...
Q-2) The smelting department of Company X has following production and cost data for September: Production:...
Q-2) The smelting department of Company X has following production and cost data for September: Production: Beginning work in process 200 units that are 100% complete as to materials and 85% complete as to conversion costs; units started into production 1,000 units; units transferred out to next department 900 units; ending work in process 300 units that are 100% complete as to materials and 46% complete as to conversion costs. Manufacturing costs: Beginning work in process TL8,600 materials, TL9,230 labor...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT