Question
In: Accounting
Alvin Construction manufactures small tractors on an assembly-line basis. The units are started in Department Y....
Alvin Construction manufactures small tractors on an
assembly-line basis. The units are started
in Department Y. On January 1 of this year, the Work-in-Process
inventory of Department Y
consisted of 200 units 100% complete as to materials and 20%
complete as to conversion.
During the month, 800 units were started and 500 units were
completed and transferred out. The
Work-in-Process on January 31 was 100% complete as to materials and
20% complete as to
conversion.
Costs in process at the beginning of the period amounted to
$100,000 for materials and $25,000
for conversion. Costs added during the period were materials costs
of $200,000 and conversion
costs of $143,000.
Required
1. Prepare a production cost report using the weighted-average
method. Round answer to 4
decimal places.
2. Prepare the journal entries.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Alvin Construction manufactures small tractors on an assembly-line basis. The units are started in Department Y....
Alvin Construction manufactures small tractors on an
assembly-line basis. The units are started in Department Y. On
January 1 of this year, the Work-in-Process inventory of Department
Y consisted of 200 units 100% complete as to materials and 20%
complete as to conversion. During the month, 800 units were started
and 500 units were completed and transferred out. The
Work-in-Process on January 31 was 100% complete as to materials and
20% complete as to conversion. Costs in process at the...
Edenton Boat Company manufactures small pleasure boats on an assembly-line basis. The units are started in...
Edenton Boat Company manufactures small pleasure boats on an
assembly-line basis. The units are started in the Department A. On
July 1 of this year, the Work-in-Process inventory of the
department A consisted of 200 units 100% complete as to materials
and 40% complete as to conversion. During the month, 400 units were
started and 500 units were completed and transferred out. The
Work-in-Process on July 31 was 100% complete as to materials and
30% complete as to conversion.
Costs...
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units...
The Carlberg Company has two manufacturing departments, assembly
and painting. The assembly department started 10,000 units during
November. The following production activity unit and cost
information refers to the assembly department’s November production
activities.
Assembly Department
Units
Percent of Direct
Materials Added
Percent of
Conversion
Beginning work in
process
2,000
60
%
40
%
Units transferred out
9,000
100
%
100
%
Ending work in process
3,000
80
%
30
%
Beginning work in process
inventory—Assembly dept
$
1,581 (includes...
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,400 units...
The Carlberg Company has two manufacturing departments, assembly
and painting. The assembly department started 11,400 units during
November. The following production activity unit and cost
information refers to the assembly department’s November production
activities.
Assembly Department
Units
Percent of Direct
Materials Added
Percent of
Conversion
Beginning work in process
2,000
75
%
25
%
Units transferred out
9,000
100
%
100
%
Ending work in process
4,400
85
%
35
%
Beginning work in process
inventory—Assembly dept
$
2,186 (includes...
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 11,400 units...
The Carlberg Company has two manufacturing departments, assembly
and painting. The assembly department started 11,400 units during
November. The following production activity unit and cost
information refers to the assembly department’s November production
activities.
Assembly Department
Units
Percent of Direct
Materials Added
Percent of
Conversion
Beginning work in
process
2,000
75
%
25
%
Units transferred out
9,000
100
%
100
%
Ending work in process
4,400
85
%
35
%
Beginning work in process
inventory—Assembly dept
$
2,186 (includes...
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,300 units...
The Carlberg Company has two manufacturing departments, assembly
and painting. The assembly department started 10,300 units during
November. The following production activity unit and cost
information refers to the assembly department’s November production
activities. Assembly Department Units Percent of Direct Materials
Added Percent of Conversion Beginning work in process 3,000 60 % 40
% Units transferred out 10,000 100 % 100 % Ending work in process
3,300 80 % 30 % Beginning work in process inventory—Assembly dept $
2,696 (includes...
Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 12,100 units during...
Carlberg Company has two manufacturing departments, assembly and
painting. The assembly department started 12,100 units during
November. The following production activity unit and cost
information refers to the assembly department’s November production
activities.
Assembly Department
Units
Percent of Direct
Materials
Percent of
Conversion
Beginning work in process
3,500
60
%
40
%
Units transferred out
10,500
100
%
100
%
Ending work in process
5,100
80
%
30
%
Beginning work in process
inventory—Assembly dept
$
3,359 (consists of $1,902...
The Assembly Department started the month with 24,600 units in its beginning work in process inventory....
The Assembly Department started the month with 24,600 units in
its beginning work in process inventory. An additional 309,600
units were transferred in from the prior department during the
month to begin processing in the Assembly Department. There were
29,600 units completed and transferred to the next processing
department during the month. How many units were in its ending work
in process inventory?
Multiple Choice
363,800
304,600
334,200
314,600
XYZ chair company manufactures a standard recliner. During February, the firm's Assembly Department started production of...
XYZ chair company manufactures a standard recliner. During
February, the firm's Assembly Department started production of
75,000 chairs. During the month, the firm completed 80,000 chairs,
and transferred them to the Finishing Department. The firm ended
the month with 10,000 chairs in ending inventory. There were 15,000
chairs in beginning inventory. All direct materials costs are added
at the beginning of the production cycle and conversion costs are
added uniformly throughout the production process. The FIFO method
of process costing...
A study shows that 16 of 200 tractors produced on one assembly line required extensive adjustments...
A study shows that 16 of 200 tractors produced on one assembly
line required extensive adjustments before they could be shipped,
while the same was true for 14 of 400 tractors produced on another
assembly line.
(a) At the 0.01 level of Significance, does this support the
claim that second production line does superior work?
(b) If the true percentages for the two assembly lines were 10%
and 5%, respectively, what sample sizes (m = n) would be necessary
to...
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