Beginning work in process units 800 Units started during the month 16,000 Units finished during the...

Beginning work in process units 800 Units started during the month 16,000 Units finished during the month 15,000 Cost of beginning inventory Materials 1,296 conversions 2,416 cost of added inventory materials 47,076 conversion 497,213 Beginning units completed to materials 60% to conversion 10% Ending units completed to materials 60% to conversion 70% Determine the average cost using a) weighted average b) FIFO

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ekkarill92 answered 6 months ago

The Assembly Department started the month with 24,600 units in its beginning work in process inventory....

The Assembly Department started the month with 24,600 units in its beginning work in process inventory. An additional 309,600 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 29,600 units completed and transferred to the next processing department during the month. How many units were in its ending work in process inventory? Multiple Choice 363,800 304,600 334,200 314,600

1. Units Beginning Work-in-Process 5,000 Started During the Period 50,000 Ending Work-in-Process 2,000 The ending work-in-process inventory...

1. Units Beginning Work-in-Process 5,000 Started During the Period 50,000 Ending Work-in-Process 2,000 The ending work-in-process inventory is 90% complete. What is the total number of equivalent units? 2. At the beginning of the period, there were 800 units of product in a company's work in process inventory. 3,000 additional units of product were started during the period. 1,500 units of product were in the Work in Process account at the end of the period. The ending work in process inventory...

During March, Hanks Manufacturing started and completed 30,000 units. In beginning work in process, there were...

During March, Hanks Manufacturing started and completed 30,000 units. In beginning work in process, there were 5,000 units 60 percent complete with respect to conversion costs. Materials are added at the beginning of the process. In EWIP there were 10,000 units 40 percent complete for conversion costs. Using FIFO, the equivalent units of materials and conversion costs are, respectively:

10. If 151200 units are started into production there was no beginning work in process, and...

10. If 151200 units are started into production there was no beginning work in process, and 49600 units are in process at the end of the period, how many units were completed and transferred out? 200800. 49600. 151200. 101600. 11.Marigold Corp. reported the following year-end information: Beginning work in process inventory $ 52000 Beginning raw materials inventory 28000 Ending work in process inventory 50000 Ending raw materials inventory 25000 Raw materials purchased 860000 Direct labor 440000 Manufacturing overhead 100000 How...

9.If 149100 units are started into production there was no beginning work in process, and 49500...

9.If 149100 units are started into production there was no beginning work in process, and 49500 units are in process at the end of the period, how many units were completed and transferred out? 198600. 49500. 149100. 99600. 10. If 151200 units are started into production there was no beginning work in process, and 49600 units are in process at the end of the period, how many units were completed and transferred out? 200800. 49600. 151200. 101600. 11. Marigold Corp....

Define each of the following terms: Units in beginning work in process inventory Units started and...

Define each of the following terms: Units in beginning work in process inventory Units started and completed during the monthly time period. Units in ending work in process at the end of the month. Define equivalent units of production. Why do we need separate calculations for Direct Materials and Conversion Costs? In a manufacturing process define Yield

Process Costing - Weighted Average Physical Flow of Units January Work-in-Process - Beginning 2800 Units Started...

Process Costing - Weighted Average Physical Flow of Units January Work-in-Process - Beginning 2800 Units Started this Period 22000 Units to Account for 24800 7,000 Total transferred out 17,800 units {13.01} Work-in-Process - Ending 7,000 units {13.02} Total Accounted for 17800 Equivalent Units Material (Round to three places, ##.###.###) 24,800.000 {13.03} Equivalent Units Conversion (Round to three places, ##.###.###) {13.04} I need help calculating equivalent units converion PART 4.1 Process Costing - Weighted Average General Information The I See The...

Painter Corporation has the following information for the current month: Units started 100,000 units Beginning Work...

Painter Corporation has the following information for the current month: Units started 100,000 units Beginning Work in Process: (35% complete) 20,000 units Normal spoilage (discrete) 3,500 units Abnormal spoilage 5,000 units Ending Work in Process: (70% complete) 14,500 units Transferred out 97,000 units Beginning Work in Process Costs: Material $15,000 Conversion 10,000 All materials are added at the start of the production process. Painter Corporation inspects goods at 75 percent completion as to conversion. Refer to Painter Corporation. What are...

Crane Company has gathered the following information. Units in beginning work in process 0 Units started...

Crane Company has gathered the following information. Units in beginning work in process 0 Units started into production 37,300 Units in ending work in process 8,200 Percent complete in ending work in process: Conversion costs 40 % Materials 100 % Costs incurred: Direct materials $78,330 Direct labor $66,500 Overhead $105,114 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production Determine the unit costs of production. (Round unit costs to 2...

Baden Company has gathered the following information. Units in beginning work in process 0 Units started...

Baden Company has gathered the following information. Units in beginning work in process 0 Units started into production 40,100 Units in ending work in process 8,000 Percent complete in ending work in process: Conversion costs 40 % Materials 100 % Costs incurred: Direct materials $80,200 Direct labor $61,900 Overhead $109,305 Part 1 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production eTextbook and Media Save for Later Attempts: 0 of...

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