Question
In: Accounting
Direct materials are added uniformly throughout a process. Direct materials cost, BWIP $25,000 Direct materials per...
|
Direct materials are added uniformly throughout a process.
7,500 units were 35% complete with respect to direct materials in ending WIP. Using the weighted average method, which of the following is TRUE ? |
|||||||||||
|
|||||||||||
Solutions
Expert Solution
| The answer is Option d. | |||
| Direct materials cost attributed to units completed and transferred out = | |||
| Direct materials cost per equivalent unit | $3.97 | ||
| x Units completed and transferred out | 25,950 | ||
| Direct materials cost attributed to units completed and transferred out = | $103,021.50 | ||
| Direct materials cost attributed to units in ending inventory | |||
| Physical units in ending Inventory | 7,500 | ||
| x % complete with respect to direct materials | 35% | ||
| x Direct materials cost per equivalent unit | $3.97 | ||
| Direct materials cost attributed to units in ending inventory | $10,421.25 | ||
ekkarill92 answered 3 years agoRelated Solutions
Materials are added at the beginning of the process and conversion costs are added uniformly. Work...
Materials are added at the beginning of the process and
conversion costs are added uniformly.
Work in? process, beginning:
Number of units
15 comma 00015,000
Transferredminus?in
costs
?$94,000
Direct materials? (100%)
?$22,500
Conversion costs? (75%)
?$25,400
Units
transferredminus??in:
Number of units
52 comma 50052,500
Transferredminus?in
costs
?$640,500
Units completed
41 comma 00041,000
Costs during the? period:
Direct materials
?$155,475
Conversion costs
?$213,225
Work in? process, ending:
Number of units
26 comma 50026,500
?(100% complete for materials and? 35% complete for?...
In the Mixing Dept., the direct materials are added at the beginning of the process and...
In the Mixing Dept., the direct materials are added at the
beginning of the process and the conversion costs are incurred
evenly throughout the process. Work in process of the mixing Dept.
on March 1, 2018 consisted of 900 batches of crayons that were 60%
of the way through the production process.
The beginning balance in WIP Inventory - Mixng was $30,700 which
consited of $11,500 in direct materias cost and $19,200 in
conversion costs.
During March, 4600 batches were...
A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout...
A department adds materials at the beginning of the process and
incurs conversion costs uniformly throughout the process. For the
month of May, there was no beginning Work in Process; 46400 units
were completed and transferred out; and there were 13700 units in
the ending Work in Process that were 20% complete. During May,
$162270 materials costs and $98280 conversion costs were charged to
the department. How much are unit production costs for materials
and conversion costs for May if...
A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout...
A department adds materials at the beginning of the process and
incurs conversion costs uniformly throughout the process. For the
month of July, there was no beginning work in process; 39700 units
were completed and transferred out; and there were 20000 units in
the ending work in process that were 30% complete. During July,
$202980 materials costs and $173660 conversion costs were charged
to the department. The unit production costs for materials and
conversion costs for July were
Materials
Conversion...
A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout...
A department adds materials at the beginning of the process and
incurs conversion costs uniformly throughout the process. For the
month of May, there was no beginning Work in Process; 45000 units
were completed and transferred out; and there were 13000 units in
the ending Work in Process that were 5% complete. During May,
$63800 materials costs and $54780 conversion costs were charged to
the department. How much are unit production costs for materials
and conversion costs for May if...
At OxyCorp, direct materials are added at the beginning of the process and conversions costs are...
At OxyCorp, direct materials are added at the beginning of the
process and conversions costs are uniformly applied. Other details
include
WIP beginning (55% for conversion)
13,700 units
Units started
125,000 units
Units completed and transferred out
116,500 units
WIP ending (35% for conversion)
22,200 units
Beginning WIP transfer costs
$40,000
Beginning WIP direct materials
$50,300
Beginning WIP conversion costs
$22,500
Costs of transfer costs added
$360,000
Costs of materials added
$412,000
Costs of conversion added
$301,000
Please calculate using...
At OxyCorp, direct materials are added at the beginning of the process and conversions costs are...
At OxyCorp, direct materials are added at the beginning of the
process and conversions costs are uniformly applied. Other details
include:
WIP beginning (55% for conversion)
13,700 units
Units started
125,000 units
Units completed and transferred out
116,500 units
WIP ending (35% for conversion)
22,200 units
Beginning WIP transfer costs
$40,000
Beginning WIP direct materials
$50,300
Beginning WIP conversion costs
$22,500
Costs of transfer costs added
$360,000
Costs of materials added
$412,000
Costs of conversion added
$301,000
Calculate using the...
Process Costing – Packaging Department Direct materials are added 90% at the beginning of the process...
Process Costing – Packaging Department
Direct materials are added 90% at the beginning of the process
and the remaining 10% are added when the cereal is 50% complete
with the packaging process. Direct labor and overhead are added
evenly throughout the process.
Table 8 – Unit and cost information
Cost
Physical Units
Transferred-in
Direct Materials
Direct Labor
Overhead
Beg WIP
4,000 (40% complete)
$14,300
$720
$347.48
$140
Transferred In
43,964
$170,361.40
End WIP
5,000 (30% complete)
Added during Qtr 1:...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs...
At Hodgson Corporation, direct materials are added at the
beginning of the process and conversions costs are uniformly
applied. Other details include:
Beginning WIP direct materials $32,000
Beginning WIP conversion costs $25,250
Costs of materials added $393,100
Costs of conversion added $275,125
WIP beginning (50% for conversion) 21,200 units
Units started 128,500 units
Units completed and transferred out 105,700 units
WIP ending (60% for conversion) 44,000 units
What is the total cost of units remaining in ending WIP? (Round
intermediate...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs...
At Hodgson Corporation, direct materials are added at the
beginning of the process and conversions costs are uniformly
applied. Other details include: Beginning WIP direct materials
$35,000 Beginning WIP conversion costs $29,250 Costs of materials
added $389,100 Costs of conversion added $275,125 WIP beginning
(50% for conversion) 21,200 units Units started 127,500 units
Units completed and transferred out 110,700 units WIP ending (60%
for conversion) 38,000 units What is the total cost of units
remaining in ending WIP?
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- What is the potential of a cell made up of Zn|Zn2+ and Cu|Cu2+ half-cells at 25o...
- Write a Java Program using the following instruction: Create the following 3 methods that calculate and...
- How would the S/D curves shift if a $3 tax was imposed on suppliers for each...
- Why should a time-based authentication system invalidate the current password on a successful authentication?
- Explain the difference between a market penetration strategy and a market development strategy.
- QUESTION 4 Discuss the sanctity of life versus the quality of life debate as presented by...
- 0.560 g He, 20.482 g F2, and 13.960 g Ar are placed in a 18.4-L container...
ADVERTISEMENT