Galaxy Manufacturing uses a weighted-average process costing system. All matierals are introduced at the start of...

Galaxy Manufacturing uses a weighted-average process costing system. All matierals are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process. The comapny's beginning and ending work-in-process inventories totaled 25,000 units and 28,000 units, respectively, with the latter being 70% complete at the end of the period. Galaxy started 45,000 units into the production and completed 42,000 units. Manufacturing costs follow:

Beginning work-in process:

Materials: $60,000

Coversion Cost: $165,000

Current costs:

Materials: $175,000

Conversion Cost: $395,000

Galaxy TOTAL costs in Ending work-in process is?

Solutions

Expert Solution

Please let me know in case you face any issue. I am available for help:

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Fedora, Inc, uses a weighted-average process-costing system andhas one production department. All materials are introduced...

Fedora, Inc, uses a weighted-average process-costing system and has one production department. All materials are introduced at the start of manufacturing; in contrast, conversion cost is incurred uniformly throughout production. The company had respective work-in-process inventories on May 1 and May 31 of 63,200 units and 76,000 units, the latter of which was 50% complete. The production supervisor noted that Fedora completed 112,000 units during the month.Costs in the May 1 work-in-process inventory were subdivided as follows: materials, $46,000; conversion,...

Fedora, Inc, uses a weighted-average process-costing system and has one production department. All materials are introduced...

Fedora, Inc, uses a weighted-average process-costing system and has one production department. All materials are introduced at the start of manufacturing; in contrast, conversion cost is incurred uniformly throughout production. The company had respective work-in-process inventories on May 1 and May 31 of 63,000 units and 75,000 units, the latter of which was 50% complete. The production supervisor noted that Fedora completed 110,000 units during the month. Costs in the May 1 work-in-process inventory were subdivided as follows: materials, $45,000;...

Williams uses a weighted-average process-costing system. All materials are added at the beginning of the process;...

Williams uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finsihed 150,000 units during the period and has 80,000 units in progress at year-end, the latter at the 40% stage of completion. Total material costs amounted to $1,350,000; coversion costs were $1,600,000. The cost of the ending work-in process is?

Williams uses a weighted-average process-costing system. All materials are added at the beginning of the process;...

Williams uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evently throughout poduction. The company finished 150,000 units during the period and has 80,000 units in progress at year, the latter at the 40% stage of completion. Total materia costs amounted to $1,350,000; conversion costs were $1,600,000. The cost of the ending work-in-process is:

3. Gitano Manufacturing uses the weighted-average method in its process costing system. It manufactures a product...

3. Gitano Manufacturing uses the weighted-average method in its process costing system. It manufactures a product that passes through two processing departments—Blending, and Packaging. On March 1, 2019, the first department, Blending, had a zero beginning balance. During March, 40,000 gallons were started into production. During the month, 32,000 gallons were completed, and 8,000 remained in process, partially completed. Conversion costs are added evenly throughout each process and direct materials are added at the beginning of each process. During March,...

Kool Inc. uses a weighted-average process costing system and has one production department. All materials are...

Kool Inc. uses a weighted-average process costing system and has one production department. All materials are introduced at the start of manufacturing; in contrast, conversion cost is incurred uniformly throughout production. The company had respective work in process inventories on 1 May and 31 May of 62,000 units and 70,000 units, the latter of which was 40 per cent complete. The production supervisor noted that Kool completed 100,000 units during the month. Costs in the 1 May work in process...

1. A company uses a process costing system and the weighted average method for inventory costs....

1. A company uses a process costing system and the weighted average method for inventory costs. The following information is available regarding direct labor for the current year: Work in Process, January 1 5,500 units, 80% complete Work in Process, December 31 8,800 units, 40% complete Units completed and transferred to finished goods 46,900 units Direct labor costs during the year $266,300 (a) Calculate the equivalent units of production for direct labor for the year. (b) Calculate the average cost...

The Davidson Company uses a weighted average process costing system. The following information was reported for...

The Davidson Company uses a weighted average process costing system. The following information was reported for the Assembly Process for January. Materials are added at the beginning of the process and are 100%. Units: units % complete for conversions work in process, 1/1 60,000 15% started 105,000 work in process, 1/31 40,000 20% Costs: Materials Conversion beginning work in process $ 16,500 $ 33,250 current costs $643,500 $332,500 What is the cost assigned to the units completed and transferred to...

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...

Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process...

Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 19,000 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $25,600. A total of 55,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.80 for materials and $3.50...

Subjects