Elite Company uses the weighted-average method in its process costing system. The company had 2,000 units...

Elite Company uses the weighted-average method in its process costing system. The company had 2,000 units in work in process at April 1, that were 60% complete with respect to conversion cost. During April, 15,000 units were completed. At 30 April 5,000 units remained in work in process and they were 40% complete with respect to conversion cost. Direct materials are added at the beginning of the process. How many units were started during April?

Select one:

a. 18000

b. 20000

c. 15000

d. 5000

Solutions

Expert Solution

Option a, 18000

Units to account for

Beginning WIP	2000
Transferred in	18000
Total units to account for	20000

Units accounted for:
Started and completed	15000
Ending WIP	5000
Equivalent units	20000

jeff jeffy answered 2 years ago

Next > < Previous

Related Solutions

Scheney Company uses the weighted-average method in its process costing system. The company's work in process...

Scheney Company uses the weighted-average method in its process costing system. The company's work in process inventory on March 31 consisted of 20,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 70% complete with respect to labor and overhead. If the cost per equivalent unit for August was $2.50 for materials and $4.75 for labor and overhead, the total cost in the March 31 work in process inventory was: Select...

Adam Company uses the weighted-average method in its process costing system. The following information for the...

Adam Company uses the weighted-average method in its process costing system. The following information for the Assembly Department was obtained from the accounting records for September (all materials are added at the beginning of the process): Number of Units Labour and overhead percentage complete Work in process inventory, Sept. 1 60,000 15% Transferred in the during the month 105,000 Work in process inventory, Sept. 30 40,000 20% Transferred In Materials Labour and overhead Beginning work-in-process inventory $30,000 $16,000 Cost added...

Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000...

Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in process on February 1 that were 60% complete with respect to conversion costs. During the month, 10,000 units were completed. At the end of the month, 4,000 units remained in work in process that were 40% complete with respect to conversion costs. Materials are added at the beginning of the process. How many units were started into production during February?

Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for...

Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below: Percent Completed Tons of Pulp Materials Labor and Overhead Work in process, June 1 82,000 82 % 24 % Work in process, June 30 51,400 42 % 16 % Started into production during June 301,900 Compute the number of tons of pulp completed and transferred out during...

Burnt Ham Company uses the weighted-average method in its process costing system. The Curing Department of...

Burnt Ham Company uses the weighted-average method in its process costing system. The Curing Department of Burnt Company reported the following information for the month of November: Beginning work in process: 30% complete for materials, and 80% complete for conversion. Ending work in process: 40% complete for materials, and 70% complete for conversion. Cost Summary Materials Conversion Work in process, November 1 $ 34,500 $ 48,600 Added during November $146,000 $194,400 Units Work in process, November 1 10,000 Started in...

Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for...

Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below: Percent Completed Tons of Pulp Materials Labor and Overhead Work in process, June 1 80,500 90 % 29 % Work in process, June 30 50,400 43 % 16 % Started into production during June 300,700 Required: 1. Compute the number of tons of pulp completed and transferred...

Burnt Ham Company uses the weighted-average method in its process costing system. The Curing Department of...

Natraj Company uses the weighted-average method in its process costing system. The Curing Department of Harmon...

Natraj Company uses the weighted-average method in its process costing system. The Curing Department of Harmon Company reported the following information for the month of November. Units Percentage Complete With Respect to Conversion Work in process, November 1 10,000 80% Units started 28,000 Completed and transferred out 30,000 Work in process, November 30 8,000 30% Cost of November: Materials Conversion Work in process, November 1 $34,500 $48,600 Added during the month $146,000 $194,400 All materials are added at the beginning...

The Richmond Corporation uses the weighted-average method in its process costing system. The company has only...

The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 21,400 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $3.60 for materials and $5.10 for labor and overhead, the total cost...

Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for...

Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below: Percent Completed Tons of Pulp Materials Labor and Overhead Work in process, June 1 81,700 86 % 22 % Work in process, June 30 51,200 45 % 18 % Started into production during June 301,800 Required: 1. Compute the number of tons of pulp completed and transferred...

Subjects