Question
In: Accounting
The Polishing Department of Major Company has the following production and manufacturing cost data for September....
The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,520 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 41,300; ending inventory of 7,400 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $21,600 of materials and $12,320 of conversion costs; materials costs added in Polishing during the month, $181,795; labor and overhead applied in Polishing during the month, $127,700 and $257,740, respectively.
a)Compute the equivalent units of production for materials and conversion costs for the month of September. material and conversion cost.
b)Compute the unit costs for materials and conversion costs for the month.
c)Determine the costs to be assigned to the units transferred out and in process. Ending work in process and transferred out.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
The Polishing Department of Major Company has the following production and manufacturing cost data for September....
The Polishing Department of Major Company has the following
production and manufacturing cost data for September. Materials are
entered at the beginning of the process. Production: Beginning
inventory 1,620 units that are 100% complete as to materials and
30% complete as to conversion costs; units started during the
period are 44,700; ending inventory of 6,800 units 10% complete as
to conversion costs. Manufacturing costs: Beginning inventory
costs, comprised of $21,300 of materials and $19,580 of conversion
costs; materials costs added...
The Polishing Department of Sunland Company has the following production and manufacturing cost data for September....
The Polishing Department of Sunland Company has the following
production and manufacturing cost data for September. Materials are
entered at the beginning of the process.
Production: Beginning inventory 1,800 units that are 100%
complete as to materials and 30% complete as to conversion costs;
units started during the period are 43,600; ending inventory of
5,600 units 10% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised of
$21,500 of materials and $33,186 of conversion costs; materials
costs added...
The Polishing Department of Coronado Company has the following production and manufacturing cost data for September....
The Polishing Department of Coronado Company has the following
production and manufacturing cost data for September. Materials are
entered at the beginning of the process.
Production: Beginning inventory 1,520 units that are 100%
complete as to materials and 30% complete as to conversion costs;
units started during the period are 46,300; ending inventory of
6,800 units 10% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised
of $20,500 of materials and $34,645 of conversion costs; materials
costs added...
The Polishing Department of Waterway Company has the following production and manufacturing cost data for September....
The Polishing Department of Waterway Company has the following
production and manufacturing cost data for September. Materials are
entered at the beginning of the process.
Production: Beginning inventory 1,880 units that are 100%
complete as to materials and 30% complete as to conversion costs;
units started during the period are 41,300; ending inventory of
5,400 units 10% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised
of $20,800 of materials and $9,756 of conversion costs; materials
costs added...
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...
The Painting Department of Y Manufacturing Company has the following production and manufacturing cost data for...
The Painting Department of Y Manufacturing Company has the
following production and manufacturing cost data for October.
Production: Beginning inventory 8,000 units that are 100% complete
as to materials and 40% complete as to conversion costs; units
started into production 27,000; ending inventory of 12,000 units
that are 20% complete as to conversion costs. Manufacturing Costs:
Beginning work in process inventory of $40,000, comprised of
$30,000 of materials and $10,000 of conversion costs. Materials
added during the month, $110,000; labor...
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...
Exercise 16-11 (Part Level Submission) The Polishing Department of Major Company has the following production and...
Exercise 16-11 (Part Level Submission)
The Polishing Department of Major Company has the following
production and manufacturing cost data for September. Materials are
entered at the beginning of the process.
Production: Beginning inventory 1,730 units that are 100%
complete as to materials and 30% complete as to conversion costs;
units started during the period are 46,900; ending inventory of
7,700 units 10% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised
of $22,100 of materials and $38,332 of...
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