Question
In: Accounting
If equivalent units are 5500 for conversion costs and units transferred out equals 3100, what stage...
If equivalent units are 5500 for conversion costs and units transferred out equals 3100, what stage of completion should the ending Work in Process be for the 8000 units remaining?
|
69% |
|
30% |
|
15% |
|
25% |
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion
in the Rolling Department of Oak Ridge Steel Company are $0.80 and
$0.45, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, July 1
0
4,900
Started and completed during July
61,000
61,000
Transferred out of Rolling (completed)
61,000
65,900
Inventory in process, July 31
4,000
2,400
Total units to...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion
in the Rolling Department of Kraus Steel Company are $1.80 and
$2.70, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct MaterialsConversion
Inventory in process, October 10 2,900
Started and completed during October48,000 48,000
Transferred out of Rolling (completed)48,000 50,900
Inventory in process, October 316,000 3,600
Total units to be assigned costs54,000 54,500
The beginning...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion
in the Rolling Department of Oak Ridge Steel Company are $2.15 and
$1.60, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, July 1
0
1,800
Started and completed during July
46,000
46,000
Transferred out of Rolling (completed)
46,000
47,800
Inventory in process, July 31
4,000
2,000
Total units to...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion
in the Rolling Department of Kraus Steel Company are $1.90 and
$1.40, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, October 1
0
1,900
Started and completed during October
32,000
32,000
Transferred out of Rolling (completed)
32,000
33,900
Inventory in process, October 31
4,000
2,400
Total units to be...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion
in the Filling Department of Eve Cosmetics Company are $0.80 and
$1.25, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, beginning of period
0
2,900
Started and completed during the period
41,000
41,000
Transferred out of Filling (completed)
41,000
43,900
Inventory in process, end of period
5,000
2,000
Total...
Compute the equivalent units for direct materials and conversion costs. 2. Compute the cost per equivalent...
Compute the equivalent units for direct materials and conversion
costs.
2.
Compute the cost per equivalent unit.
3.
Assign the costs to units completed and transferred out and
ending work in process inventory.
4.
Record the journal entry for the costs transferred out of the
Assembly Department to the Testing Department.
5.
Post all of the transactions in the "Work in Process
Inventory—Assembly"
T-account. What is the ending balance?
Data:
Units in beginning Work in Process (WIP) inventory
120,000 units...
Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process The blending...
Equivalent Units, Unit Cost, Valuation of Goods Transferred Out
and Ending Work in Process The blending department had the
following data for the month of March: Units in BWIP — Units
completed 21,600 Units in EWIP (20% complete) 2,250 Total
manufacturing costs $101,430 Required: 1. What is the output in
equivalent units for March? equivalent units 2. What is the unit
manufacturing cost for March? Note: Round your answer to the
nearest cent. $ per unit 3. Compute the cost...
Calculate Equivalent Units, Unit Costs, and Transferred Costs—FIFO Method Godfrey Manufacturing, Inc., operates a plant that...
Calculate Equivalent Units, Unit Costs, and Transferred
Costs—FIFO Method Godfrey
Manufacturing, Inc., operates a plant that produces its own
regionally marketed Spicy Steak Sauce.
The sauce is produced in two processes, blending and bottling.
In the Blending Department, all ma-
terials are added at the start of the process, and labor and
overhead are incurred evenly throughout
the process. Godfrey uses the FIFO method. The following data
from the Work in Process—Blending
Department account for January 2016 is missing a...
Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.
Weighted-average method, equivalent units. Consider the following data for the Assembly Division of Fenton Watches, Inc.: The Assembly Division uses the weighted-average method of process costing.
Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.
Transferred-In Cost Golding's finishing department had the following data for July: Transferred-In Materials Conversion Units transferred...
Transferred-In Cost
Golding's finishing department had the following data for
July:
Transferred-In
Materials
Conversion
Units transferred out
60,000
60,000
60,000
Units in EWIP
13,000
11,000
9,000
Equivalent units
73,000
71,000
69,000
Costs:
Work in process, July 1:
Transferred-in from fabricating
$2,100
Materials
1,500
Conversion costs
3,000
Total
$6,600
Current costs:
Transferred-in from fabricating
$30,900
Materials
22,500
Conversion costs
45,300
Total
$98,700
Required:
1. Calculate unit costs for the following
categories: transferred-in, materials, and conversion. Round your
answers to the nearest...
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