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In: Accounting
The Fisher Co. manufactures baseballs. All material is placed in process as soon as the goods...
The Fisher Co. manufactures baseballs. All material is placed in process as soon as the goods are started in Department A. and conversion costs are incurred evenly throughout the process. Upon completion of the product it is immediately transferred to Department B. Department A-Month of April 20xx Status -Work in process 3/31/xx at 50% conversion 20,000 units completed at a cost of $300,000 ( $250,000 material cost and $50,000 conversion cost.) -Units started during April 50,000 units -Units completed during April 30,000 units -Work in process April 30th were 40,000 units 50% converted for conversion -Direct material added during April $450,000 -Conversion cost added during April $200,000 Required: (5 Step production cost report) 1. Calculate the total cost of the goods completed in Department A during April. 2. Calculate the total cost of the ending work in process in Department A for April.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
The Hoed Corp. manufactures hats. All material is placed in process as soon as the goods...
The Hoed Corp. manufactures hats. All material is placed in
process as soon as the goods are started in Department A. and
conversion costs are incurred evenly throughout the process. Upon
completion of the product it is immediately transferred to
Department B. Department A-Month of April 20xx Status -Work in
process 3/31/xx at 50% conversion 20,000 units completed at a cost
of $300,000 ( $250,000 material cost and $50,000 conversion cost.)
-Units started during April 50,000 units -Units completed during...
Austin Co. manufactures a product called Aster in a three-process series. All materials are introduced at...
Austin Co. manufactures a product called Aster in a
three-process series. All materials are introduced at the beginning
of the first process. Austin uses the first-in, first-out method of
inventory costing. Unit and cost data for the first process
(Department A) for the month of December follow:
Units
Completion
Cost
Work in process inventory:
December 1
12,000
60%
$140,400
December 31
5,000
40%
?
Started in December:
14,000
Direct materials cost
106,400
Conversion cost
70,310
Completed in December
21,000
?...
Austin Co. manufactures a product called Aster in a three-process series. All materials are introduced at...
Austin Co. manufactures a product called Aster in a
three-process series. All materials are introduced at the beginning
of the first process. Austin uses the first-in, first-out method of
inventory costing. Unit and cost data for the first process
(Department A) for the month of December follow:
Units
Completion
Cost
Work in process inventory:
December 1
12,000
60%
$140,400
December 31
5,000
40%
?
Started in December:
14,000
Direct materials cost
106,400
Conversion cost
70,310
Completed in December
21,000
?...
Austin Co. manufactures a product called Aster in a three-process series. All materials are introduced at...
Austin Co. manufactures a product called Aster in a
three-process series. All materials are introduced at the beginning
of the first process. Austin uses the first-in, first-out method of
inventory costing. Unit and cost data for the first process
(Department A) for the month of December follow:
Units
Completion
Cost
Work in process inventory:
December 1
12,000
60%
$140,400
December 31
5,000
40%
?
Started in December:
14,000
Direct materials cost
106,400
Conversion cost
70,310
Completed in December
21,000
?...
Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making...
Preston & Grover Soap Company manufactures powdered
detergent. Phosphate is placed in process in the Making Department,
where it is turned into granulars. The output of Making is
transferred to the Packing Department, where packaging is added at
the beginning of the process. On July 1, Preston & Grover Soap
Company had the following inventories:
Finished Goods
$7,500
Work in Process—Making
2,920
Work in Process—Packing
3,800
Materials
1,650
Departmental accounts are maintained for factory overhead, which
both have zero balances...
a. Port Ormond Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department,...
a. Port Ormond Carpet Company manufactures
carpets. Fiber is placed in process in the Spinning Department,
where it is spun into yarn. The output of the Spinning Department
is transferred to the Tufting Department, where carpet backing is
added at the beginning of the process and the process is completed.
On January 1, Port Ormond Carpet Company had the following
inventories:
Finished Goods
$62,000
Work in Process-Spinning Department
35,000
Work in Process-Tufting Department
28,500
Materials
17,000
Departmental accounts are maintained...
FloorMate Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where it...
FloorMate Carpet Company manufactures carpets. Fiber is placed
in process in the Spinning Department, where it is spun into yarn.
The output of the Spinning Department is transferred to the Tufting
Department, where carpet backing is added at the beginning of the
process and the process is completed. On October 1, FloorMate
Carpet Company had the following inventories:
Finished Goods
$7,200
Work in Process-Spinning
Department
1,000
Work in Process-Tufting
Department
2,400
Materials
4,300
Departmental accounts are maintained for factory overhead,...
FloorMate Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where it...
FloorMate Carpet Company manufactures carpets. Fiber is placed
in process in the Spinning Department, where it is spun into yarn.
The output of the Spinning Department is transferred to the Tufting
Department, where carpet backing is added at the beginning of the
process and the process is completed. On October 1, FloorMate
Carpet Company had the following inventories:
Finished Goods
$8,400
Work in Process-Spinning
Department
1,600
Work in Process-Tufting
Department
2,100
Materials
4,500
Departmental accounts are maintained for factory overhead,...
Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making...
Preston & Grover Soap Company manufactures powdered
detergent. Phosphate is placed in process in the Making Department,
where it is turned into granulars. The output of Making is
transferred to the Packing Department, where packaging is added at
the beginning of the process. On July 1, Preston & Grover Soap
Company had the following inventories:
Finished Goods
$26,810
Work in Process—Making
10,420
Work in Process—Packing
13,580
Materials
5,890
Departmental accounts are maintained for factory overhead, which
both have zero balances...
FloorMate Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where it...
FloorMate Carpet Company manufactures carpets. Fiber is placed
in process in the Spinning Department, where it is spun into yarn.
The output of the Spinning Department is transferred to the Tufting
Department, where carpet backing is added at the beginning of the
process and the process is completed. On October 1, FloorMate
Carpet Company had the following inventories:
Finished Goods
$8,300
Work in Process-Spinning
Department
2,000
Work in Process-Tufting
Department
2,600
Materials
4,800
Departmental accounts are maintained for factory overhead,...
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