Question
In: Accounting
Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information...
Azule Co. manufactures in two sequential processes, cutting and
binding. The two departments report the information below for a
recent month.
| Cutting | Binding | |||||
| Beginning work in process | ||||||
| Transferred in from cutting dept. | $ | 1,900 | ||||
| Direct materials | $ | 1,420 | 2,286 | |||
| Conversion | 3,650 | 3,350 | ||||
| Costs added during March | ||||||
| Direct materials | $ | 13,340 | $ | 9,704 | ||
| Conversion | 13,500 | 19,625 | ||||
| Transferred in from cutting dept. | 23,095 | |||||
| Transferred to finished goods | 46,000 | |||||
Determine the ending balances in the Work in Process Inventory
accounts of each department.
| cutting | binding | |
| ending work in process | ||
Solutions
Expert Solution
| Cutting | Binding | |
| Ending work in Process | 8,815 | 13,960 |
| Workings: | ||
| Cutting: | ||
| Beginning work in process | 5,070 | =1420+3650 |
| Costs added during March | 26,840 | =13340+13500 |
| Total costs | 31,910 | |
| Less:Transferred to Binding dept. | 23,095 | |
| Ending work in Process | 8,815 | |
| Binding: | ||
| Beginning work in process | 7,536 | =1900+2286+3350 |
| Costs added during March | 52,424 | =9704+19625+23095 |
| Total costs | 59,960 | |
| Less:Transferred to finished goods | 46,000 | |
| Ending work in Process | 13,960 |
ekkarill92 answered 2 years agoRelated Solutions
Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information...
Azule Co. manufactures in two sequential processes, cutting and
binding. The two departments report the information below for a
recent month.
Cutting
Binding
Beginning work in process
Transferred in from cutting dept.
$
1,900
Direct materials
$
1,245
2,406
Conversion
2,950
4,750
Costs added during March
Direct materials
$
11,640
$
9,456
Conversion
17,400
19,775
Transferred in from cutting dept.
21,670
Transferred to finished goods
35,000
Determine the ending balances in the Work in Process Inventory
accounts of each department...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching.
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enterproduction at the beginning of the cutting process. The following information is available regarding its May inventories.
Raw materials inventory
Work in process inventory Cutting
Work in process inventory Stitching
Beginning
Ending
Inventory
Inventory
$ 76, 090
$ 91, 750
183, 508
130,590
203,360
103,968
36, 250
Finished goods inventory
48, 100
The following additional information describes the company's production activities for May....
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter...
Sierra Company manufactures soccer balls in two sequential
processes: Cutting and Stitching. All direct materials enter
production at the beginning of the Cutting process. The following
information is available regarding its May inventories:
Beginning
Inventory
Ending
Inventory
Work in process inventory—Cutting
103,500
90,500
Work in process inventory—Stitching
123,300
79,100
Finished goods inventory
32,100
20,250
The following additional information describes the company's
production activities for May.
Direct materials
Raw materials purchased on credit
$
55,000
Direct materials used—Cutting
23,250
Direct materials...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter...
Sierra Company manufactures soccer balls in two sequential
processes: Cutting and Stitching. All direct materials enter
production at the beginning of the Cutting process. The following
information is available regarding its May inventories: Beginning
Inventory Ending Inventory Work in process inventory—Cutting
183,500 130,500 Work in process inventory—Stitching 203,300 103,900
Finished goods inventory 48,100 36,250 The following additional
information describes the company's production activities for May.
Direct materials Raw materials purchased on credit $ 95,000 Direct
materials used—Cutting 25,250 Direct materials...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter...
Sierra Company manufactures soccer balls in two sequential
processes: Cutting and Stitching. All direct materials enter
production at the beginning of the Cutting process. The following
information is available regarding its May inventories:
Beginning
Inventory
Ending
Inventory
Work in process inventory—Cutting
183,500
130,500
Work in process inventory—Stitching
203,300
103,900
Finished goods inventory
48,100
36,250
The following additional information describes the company's
production activities for May.
Direct materials
Raw materials purchased on credit
$
95,000
Direct materials used—Cutting
25,250
Direct materials...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter...
Sierra Company manufactures soccer balls in two sequential
processes: Cutting and Stitching. All direct materials enter
production at the beginning of the Cutting process. The following
information is available regarding its May inventories:
Beginning
Inventory
Ending
Inventory
Work in process inventory—Cutting
153,500
115,500
Work in process inventory—Stitching
173,300
94,600
Finished goods inventory
42,100
30,250
The following additional information describes the company's
production activities for May.
Direct materials
Raw materials purchased on credit
$
80,000
Direct materials used—Cutting
24,500
Direct materials...
Twinnings Corporation manufactures Scheduling Books. There are two processes: printing and binding. The following information is...
Twinnings Corporation manufactures Scheduling Books. There are
two processes: printing and binding. The following information is
given for the printing department for September. Units:
Units, beginning work in process 40,000 (20% complete for
materials, 60% complete for conversion)
Started
300,000
Completed ?
Units, ending work in process 50,000 (25% complete for
materials, 80% complete for conversion)
Costs:
Materials Conversion
Total
beginning work in process $ 6,080
$ 2,160
$ 8,240
current costs...
Production Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer...
Production Report, Weighted Average
Manzer Inc. manufactures bicycle frames in two departments:
cutting and welding. Manzer uses the weighted average method.
Manufacturing costs are added uniformly throughout the process. The
following are cost and production data for the cutting department
for October:
Production:
Units in process, October 1, 40% complete
6,000
Units completed and transferred out
40,800
Units in process, October 31, 60% complete
12,000
Costs:
WIP, October 1
$ 48,000
Costs added during October
912,000
Required:
Prepare a production...
Production Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer...
Production Report, Weighted Average
Manzer Inc. manufactures bicycle frames in two departments:
cutting and welding. Manzer uses the weighted average method.
Manufacturing costs are added uniformly throughout the process. The
following are cost and production data for the cutting department
for October:
Production:
Units in process, October 1, 40% complete
5,600
Units completed and transferred out
38,080
Units in process, October 31, 60% complete
11,200
Costs:
WIP, October 1
$ 44,800
Costs added during October
851,200
Required:
Prepare a production...
Production Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer...
Production Report, Weighted Average
Manzer Inc. manufactures bicycle frames in two departments:
cutting and welding. Manzer uses the weighted average method.
Manufacturing costs are added uniformly throughout the process. The
following are cost and production data for the cutting department
for October:
Production:
Units in process, October 1, 40% complete
5,600
Units completed and transferred out
38,080
Units in process, October 31, 60% complete
11,200
Costs:
WIP, October 1
$ 44,800
Costs added during October
851,200
Required:
Prepare a production...
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