Question
In: Accounting
A+ Industries manufacturers lawn furniture through two departments: Framing and Painting. Materials are entered at the...
A+ Industries manufacturers lawn furniture through two departments: Framing and Painting. Materials are entered at the beginning of each process. For June, the following cost data are obtained from the two work in process accounts:
Framing Painting
Work in Process, April 1 $ 0 $ ?
Materials 48,000 ?
Conversions costs 78,000 114,800
Cost transferred in 0 106,700
Costs transferred out 106,700 ?
Work in process, June 30 19,300 ?
REQUIRED:
a. If 15,000 tables were started in production on June 1 and 11,000 tables were transferred to Painting, what was the unit cost of materials for June in the Framing Department?
b. Using the data in (a) above, what was the per unit conversion cost of the tables transferred to Painting?
c. Continuing the assumption in (a) above, what is the percentage of completion of the units in process on June 30 in the Framing Department?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Crane Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at...
Crane Industries Inc. manufactures dorm furniture in separate
processes. In each process, materials are entered at the beginning,
and conversion costs are incurred uniformly. Production and cost
data for the first process in making a product are as follows.
Cutting Department
Production Data—July
T12-Tables
Work in process units, July 1
0
Units started into production
22,800
Work in process units, July 31
3,420
Work in process percent complete
60
Cost Data—July
Work in process, July 1
$0
Materials
433,200
Labor...
Crane Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at...
Crane Industries Inc. manufactures dorm furniture in separate
processes. In each process, materials are entered at the beginning,
and conversion costs are incurred uniformly. Production and cost
data for the first process in making a product are as follows.
Cutting Department
Production Data—July
T12-Tables
Work in process units, July 1
0
Units started into production
22,800
Work in process units, July 31
3,420
Work in process percent complete
60
Cost Data—July
Work in process, July 1
$0
Materials
433,200
Labor...
Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at...
Thakin Industries Inc. manufactures dorm furniture in separate
processes. In each process, materials are entered at the beginning,
and conversion costs are incurred uniformly. Production and cost
data for the first process in making two products in two different
manufacturing plants are as follows. Cutting Department Production
Data—July Plant 1 T12-Tables Plant 2 C10-Chairs Work in process
units, July 1 0 0 Units started into production 22,400 17,920 Work
in process units, July 31 3,360 560 Work in process percent...
Crane Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at...
Crane Industries Inc. manufactures dorm furniture in separate
processes. In each process, materials are entered at the beginning,
and conversion costs are incurred uniformly. Production and cost
data for the first process in making a product are as follows.
Cutting Department
Production Data—July
T12-Tables
Work in process units, July 1
0
Units started into production
22,800
Work in process units, July 31
3,420
Work in process percent complete
60
Cost Data—July
Work in process, July 1
$0
Materials
433,200
Labor...
Sunland Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at...
Sunland Industries Inc. manufactures dorm furniture in separate
processes. In each process, materials are entered at the beginning,
and conversion costs are incurred uniformly. Production and cost
data for the first process in making a product are as
follows.
Cutting Department
Production Data—July
T12-Tables
Work in process units, July
1
0
Units started into
production
24,200
Work in process units, July
31
3,630
Work in process percent
complete
60
Cost Data—July
Work in process, July 1
$0
Materials
459,800
Labor...
Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at...
Thakin Industries Inc. manufactures dorm furniture in separate
processes. In each process, materials are entered at the beginning,
and conversion costs are incurred uniformly. Production and cost
data for the first process in making a product are as follows.
Cutting Department
Production Data—July
T12-Tables
Work in process units, July 1
0
Units started into production
20,400
Work in process units, July 31
3,060
Work in process percent complete
60
Cost Data—July
Work in process, July 1
$0
Materials
387,600
Labor...
Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at...
Thakin Industries Inc. manufactures dorm furniture in separate
processes. In each process, materials are entered at the beginning,
and conversion costs are incurred uniformly. Production and cost
data for the first process in making a product are as
follows.
Cutting Department
Production Data—July
T12-Tables
Work in process units, July 1
0
Units started into production
21,800
Work in process units, July 31
3,270
Work in process percent
complete
60
Cost Data—July
Work in process, July 1
$0
Materials
414,200
Labor...
Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at...
Thakin Industries Inc. manufactures dorm furniture in separate
processes. In each process, materials are entered at the beginning,
and conversion costs are incurred uniformly. Production and cost
data for the first process in making two products in two different
manufacturing plants are as follows.
Cutting Department
Production Data—July
Plant 1
T12-Tables
Plant 2
C10-Chairs
Work in process units, July 1
0
0
Units started into production
24,600
19,680
Work in process units, July 31
3,690
615
Work in process percent...
Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at...
Thakin Industries Inc. manufactures dorm furniture in separate
processes. In each process, materials are entered at the beginning,
and conversion costs are incurred uniformly. Production and cost
data for the first process in making two products in two different
manufacturing plants are as follows. Cutting Department Production
Data—July Plant 1 T12-Tables Plant 2 C10-Chairs Work in process
units, July 1 0 0 Units started into production 21,600 17,280 Work
in process units, July 31 3,240 540 Work in process percent...
Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at...
Thakin Industries Inc. manufactures dorm furniture in separate
processes. In each process, materials are entered at the beginning,
and conversion costs are incurred uniformly. Production and cost
data for the first process in making a product are as
follows.
Cutting Department
Production Data—July
T12-Tables
Work in process units, July
1
0
Units started into
production
20,400
Work in process units, July
31
3,060
Work in process percent
complete
60
Cost Data—July
Work in process, July 1
$0
Materials
387,600
Labor...
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