Question
In: Accounting
The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work...
The Smelting Department of Kiner Company has the following
production data for November.
Production: Beginning work in process 3,800 units that are
100% complete as to materials and 25% complete as to conversion
costs; units transferred out 9,700 units; and ending work in
process 8,300 units that are 100% complete as to materials and 46%
complete as to conversion costs.
Compute the equivalent units of production for (a) materials and
(b) conversion costs for the month of November.
Solutions
Expert Solution
| Answer | ||
|
Equivalent unit : Weighted average method : |
||
| Materials | Conversion costs | |
| Unit transferred out | 9,700 | 9,700 |
| Ending work in process | 8300*100%=8,300 | 8,300*46%=3,818 |
| Total equivalent unit | 18,000 | 13,518 |
ekkarill92 answered 2 years agoRelated Solutions
The smelting department of Company X has following production and cost data for September: Production: No...
The smelting department of Company X has following production
and cost data for September:
Production: No beginning work in process; units started into
production 1,000 units; units transferred out to next department
900 units; ending work in process 100 units that are 100% complete
as to materials and 4z% complete as to conversion costs.
Manufacturing costs: In current period, TL50,x00 worth of
materials, TL25,y00 worth of labor and TL3t,000 worth of
manufacturing overhead costs are incurred.
(a) (15 points) Assuming...
The smelting department of Company X has the following production and cost data for September: •...
The smelting department of Company X has the following
production and cost data for September:
• Production: Beginning work in process 200 units that are 100%
complete as to materials and 82% complete as to conversion costs;
units started into production 1,000 units; units transferred out to
next department 950 units; ending work in process are 100% complete
as to materials and 42% complete as to conversion costs.
• Manufacturing costs: Beginning work in process TL8,200
materials, TL9,270 labor, and...
The smelting department of Company X has the following production and cost data for September: •...
The smelting department of Company X has the following
production and cost data for September:
• Production: Beginning work in process 200 units that are 100%
complete as to materials and 82% complete as to conversion costs;
units started into production 1,000 units; units transferred out to
next department 950 units; ending work in process are 100% complete
as to materials and 42% complete as to conversion costs.
• Manufacturing costs: Beginning work in process TL8,200
materials, TL9,270 labor, and...
Q-2) The smelting department of Company X has following production and cost data for September: Production:...
Q-2) The smelting department of Company X has following
production and cost data for September:
Production: Beginning work in process 200 units that are 100%
complete as to materials and 85% complete as to conversion costs;
units started into production 1,000 units; units transferred out to
next department 900 units; ending work in process 300 units that
are 100% complete as to materials and 46% complete as to conversion
costs.
Manufacturing costs: Beginning work in process TL8,600
materials, TL9,230 labor...
The Sanding Department of Kayden Company has the following production and cost data for November. Production ...
The Sanding Department of Kayden Company has the following
production and cost data for November.
Production
Costs
1. Started and completed 9,000
units.
Beginning work in process
$ -0-
2. Started 3,000 units that are
75%
Materials
56,250
completed at
November
30.
Labor
123,750
Manufacturing Overhead
45,000
Materials are entered at the beginning
of the process. Conversion costs are incurred uniformly during the
process. Kayden Company uses the FIFO method to compute equivalent
units.
(a) Determine...
Toronto Manufacturing Ltd. has the following cost and production data for the month of November. Beginning...
Toronto Manufacturing Ltd. has the following cost and production
data for the month of November.
Beginning WIP 16,400 units
Started in production 103,400
Completed production 90,600
Ending WIP 29,200
The ending inventory was 40% complete for conversion costs.
Materials are added at the beginning of the process.
Costs pertaining to the month of November are as follows:
Beginning inventory costs are: Materials $63,100 Direct labour
21,900 Factory overhead 15,900
Costs incurred during November include: Materials $559,860
Direct labour 195,000 Factory...
1) The Molding Department of Truong Company has the following - production data: beginning (Bl) inventory...
1) The Molding Department of Truong Company has the following -
production data: beginning (Bl) inventory 25000 units (60%
complete) started into (IN) production 425,000 units, completed and
transferred Out 400,000 units, and ending (EI) inventory 50,000
units ( 40% complete). Assuming materials are entered at the
beginning of the process, equivalent units (EU's) for materials
are:
A) 450,000 equivalent units
B) 375,000 equivalent units
C) 400,000 equivalent units
D) 475,000 equivalent units
2). The Molding Department of Truong Company...
Mora Company has the following production data for March: no beginning work in process, 28,600 units...
Mora Company has the following production data for March: no
beginning work in process, 28,600 units started and completed, and
4,700 units in ending work in process that are 100% complete for
materials and 40% complete for conversion costs. Mora uses the FIFO
method to calculate equivalent units. Unit materials cost is $6 and
unit conversion cost is $12. The total costs to be assigned are
$565,560. Prepare the cost section of the production cost report
for Mora Company.
Tomlinson Company has the following production data for May: · Beginning Work in Process, 0 units · Units...
Tomlinson Company has the following production data for May:
· Beginning Work in Process, 0 units
· Units started, 94,000
· Ending Work in Process, 17,000 units that are 100%
complete for materials and 50% complete for conversion costs
· Unit materials cost, $6
· Unit conversion cost, $12
· Total costs to be assigned, $618,000
Tomlinson uses the FIFO method to calculate equivalent
units. Determine the costs to be assigned to the units transferred
out and the units in ending Work in Process.
Goode Company has the following production data for selected months. Ending Work in Process Month Beginning...
Goode Company has the following production data for selected
months.
Ending
Work in Process
Month
Beginning
Work in Process
Units
Transferred Out
Units
% Complete as to
Conversion Cost
January
–0–
39,300
13,600
44
%
March
–0–
45,000
8,800
71
July
–0–
48,800
17,600
21
Compute equivalent units of production for materials and conversion
costs, assuming materials are entered at the beginning of the
process.
Materials
Conversion Costs
January
March
July
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Consider the following schema: Suppliers(sid, sname, address) Parts(pid, pname, color) Catalog(sid, pid, cost) write the following...
- Singh Development Co. is deciding whether to proceed with Project X. The cost would be $12...
- CS2123 Data Structures - Fall 2019 Assignment 1: Function Runtimes Table Due 9/11/19 by 11:59pm Completing...
- Question 2. Design a 16-1 MUX using any number of lower MUXs, such as 8-1 or...
- . Write a function that takes, as arguments, two objects, value1 and value2. If
- Wii Brothers, a game manufacturer, has a new idea for an adventure game. It can market...
- Consider the distillation of ethanol (C2H5OH) and the combustion of ethanol . Use a bullet point...
ADVERTISEMENT