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In: Accounting
Process Costing Future Robotics provides the following information for one of its department’s operations for June...
Process Costing Future Robotics provides the following information for one of its department’s operations for June (no new material is added in Department A): WIP inventory -- Department A Beginning inventory (20,000 units, 55% complete with respect to Department A costs) Transferred-in costs (from Department Z) $110,000 Department A conversion costs 54,000 Current work (30,000 units started) Prior department costs 275,000 Department A costs 210,000 The ending inventory has 4,000 units, which are 30 percent complete with respect to Department A costs and 100 percent complete for prior department costs. Complete the following: a. Prepare a production cost report using FIFO.
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ekkarill92 answered 2 years agoRelated Solutions
Part 2: Process Costing Future Robotics provides the following information for one of its department’s operations...
Part 2: Process Costing
Future Robotics provides the following information for one of
its
department’s operations for June (no new material is added in
Department A):
WIP inventory -- Department A
Beginning inventory (20,000 units, 55% complete with respect to
Department A
costs)
Transferred-in costs (from Department Z) $110,000
Department A conversion costs 54,000
Current work (30,000 units started)
Prior department costs 275,000
Department A costs 210,000
The ending inventory has 4,000 units, which are 30 percent complete
with
respect...
Lansing, Inc. provides the following information for one of its department’s operations for June (no new...
Lansing, Inc. provides the following information for one of its
department’s operations for June (no new material is added in
Department T):
WIP inventory—Department T Beginning inventory ((8,000 units,
20% complete with respect to Department T costs)
Transferred-in costs (from Department S) $ 33,350
Department T conversion costs 9,020
Current work (18,500 units started)
Prior department costs 83,250
Department T costs 168,480
The ending inventory has 3,000 units, which are 50 percent
complete with respect to Department T costs and...
Lansing, Inc. provides the following information for one of its department’s operations for June (no new...
Lansing, Inc. provides the following information for one of its
department’s operations for June (no new material is added in
Department T):
WIP inventory—Department T
Beginning inventory (15,000
units, 60% complete with respect to Department T costs)
Transferred-in costs (from
Department S)
$
116,000
Department T conversion
costs
53,150
Current work (35,000 units
started)
Prior department costs
280,000
Department T costs
209,050
The ending inventory has 5,000 units, which are 20 percent
complete with respect to Department T costs and...
Lansing, Inc. provides the following information for one of its department’s operations for June (no new...
Lansing, Inc. provides the following information for one of its
department’s operations for June (no new material is added in
Department T):
WIP inventory—Department T
Beginning inventory ((9,400 units, 20% complete with respect to
Department T costs)
Transferred-in costs (from Department S)
$
52,390
Department T conversion costs
11,206
Current work (21,300 units started)
Prior department costs
125,670
Department T costs
202,950
The ending inventory has 4,400 units, which are 60 percent
complete with respect to Department T costs and...
Lansing, Inc. provides the following information for one of its department’s operations for June (no new...
Lansing, Inc. provides the following information for one of its
department’s operations for June (no new material is added in
Department T):
WIP inventory—Department T
Beginning inventory (8,700 units, 20% complete with respect to
Department T costs)
Transferred-in costs (from Department S)
$
42,380
Department T conversion costs
10,338
Current work (19,900 units started)
Prior department costs
103,480
Department T costs
190,350
The ending inventory has 3,700 units, which are 60 percent
complete with respect to Department T costs and...
Lansing, Inc. provides the following information for one of its department’s operations for June (no new...
Lansing, Inc. provides the following information for one of its
department’s operations for June (no new material is added in
Department T):
WIP inventory—Department T
Beginning inventory ((9,300
units, 30% complete with respect to Department T costs)
Transferred-in costs (from
Department S)
$
50,900
Department T conversion
costs
20,890
Current work (21,100 units
started)
Prior department costs
122,380
Department T costs
216,410
The ending inventory has 4,300 units, which are 50 percent
complete with respect to Department T costs and...
Lansing, Inc. provides the following information for one of its department’s operations for June (no new...
Lansing, Inc. provides the following information for one of its
department’s operations for June (no new material is added in
Department T).
WIP inventory—Department T
Beginning inventory (9,300 units, 30% complete with respect to
Department T costs)
Transferred-in costs (from Department S)
$
50,900
Department T conversion costs
20,890
Current work (21,100 units started)
Prior department costs
122,380
Department T costs
216,410
The ending inventory has 4,300 units, which are 50 percent
complete with respect to Department T costs and...
Lansing, Inc. provides the following information for one of its department’s operations for June (no new...
Lansing, Inc. provides the following information for one of its
department’s operations for June (no new material is added in
Department T): WIP inventory—Department T Beginning inventory
(9,300 units, 30% complete with respect to Department T costs)
Transferred-in costs (from Department S) $ 50,900 Department T
conversion costs 20,890 Current work (21,100 units started) Prior
department costs 122,380 Department T costs 216,410 The ending
inventory has 4,300 units, which are 50 percent complete with
respect to Department T costs and...
Lansing, Inc. provides the following information for one of its department’s operations for June (no new...
Lansing, Inc. provides the following information for one of its
department’s operations for June (no new material is added in
Department T):
WIP inventory—Department T
Beginning inventory (8,200 units, 20% complete with respect to
Department T costs)
Transferred-in costs (from Department S)
$
35,830
Department T conversion costs
8,930
Current work (18,900 units started)
Prior department costs
88,830
Department T costs
167,020
The ending inventory has 3,200 units, which are 50 percent
complete with respect to Department T costs and...
Lansing, Inc. provides the following information for one of its department’s operations for June (no new...
Lansing, Inc. provides the following information for one of its
department’s operations for June (no new material is added in
Department T):
WIP inventory—Department T
Beginning inventory (7,900 units, 20% complete with respect to
Department T costs)
Transferred-in costs (from Department S)
$
32,140
Department T conversion costs
8,556
Current work (18,300 units started)
Prior department costs
80,520
Department T costs
164,220
The ending inventory has 2,900 units, which are 60 percent
complete with respect to Department T costs and...
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