Question

In: Accounting

On March 1, 2019, Baltimore Company's beginning work in process inventory had 7,500 units. This is...

On March 1, 2019, Baltimore Company's beginning work in process inventory had 7,500 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Baltimore introduces direct materials at the beginning of the production process.  During March, a total of 27,000 units were started and the ending WIP inventory had 7,800 units which were 40% complete as to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs. (Round answer to the nearest whole number of units)

Solutions

Expert Solution

Answer :- 29,820

Solution

Material Conversion
Equivalent Units of Production                    34500                   29820

Working

Reconciliation of Units
A Opening WIP 7,500
B Introduced 27,000
C=A+B TOTAL                   34,500
D Transferred                   26,700
E=C-D Closing WIP 7,800

.

Statement of Equivalent Units(Weighted average)
Material Conversion cost
Units Complete % Equivalent units Complete % Equivalent units
Transferred                    26700 100%                 26700.0 100%                   26700
Closing WIP 7800 100% 7800.0 40%                     3120
Total                    34500 Total                 34500.0 Total                   29820

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

On March 1, 2019, Baltimore Company's beginning work in process inventory had 7,500 units. This is...
On March 1, 2019, Baltimore Company's beginning work in process inventory had 7,500 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Baltimore introduces direct materials at the beginning of the production process.  During March, a total of 22,400 units were started and the ending WIP inventory had 9,800 units which were 40% complete as to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the...
On March 1, 2019, Baltimore Company's beginning work in process inventory had 7,500 units. This is...
On March 1, 2019, Baltimore Company's beginning work in process inventory had 7,500 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Baltimore introduces direct materials at the beginning of the production process.  During March, a total of 21,800 units were started and the ending WIP inventory had 7,400 units which were 40% complete as to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the...
On March 1, 2019, Baltimore Company's beginning work in process inventory had 8,000 units. This is...
On March 1, 2019, Baltimore Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Baltimore introduces direct materials at the beginning of the production process. During March, a total of 26,800 units were started and the ending WIP inventory had 9,800 units which were 50% complete as to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019...
On March 1, 2019, Baltimore Company's beginning work in process inventory had 5,000 units. This is...
On March 1, 2019, Baltimore Company's beginning work in process inventory had 5,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Baltimore introduces direct materials at the beginning of the production process.  During March, a total of 25,400 units were started and the ending WIP inventory had 7,800 units which were 40% complete as to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the...
On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All...
On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 25,000 units were started. At the end of the month all started units were 50% complete with respect to conversion. Direct Materials placed into production had a total cost of $330,000 and the total conversion cost for the month was $428,000. Annapolis uses...
On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All...
On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 24,000 units were started. At the end of the month all started units were 50% complete with respect to conversion. Direct Materials placed into production had a total cost of $420,000 and the total conversion cost for the month was $438,000. Annapolis uses...
On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All...
On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 24,000 units were started. At the end of the month all started units were 55% complete with respect to conversion. Direct Materials placed into production had a total cost of $390,000 and the total conversion cost for the month was $498,000. Annapolis uses...
Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All...
Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 18,500 units. At the end of the month there were 12,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 45% complete with respect to conversion. For the month of March the following costs were...
Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All...
Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 15,500 units. At the end of the month there were 10,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 70% complete with respect to conversion. For the month of March the following costs were...
On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All...
On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 35,000 units were started. At the end of the month all started units were 55% complete with respect to conversion. Direct Materials placed into production had a total cost of $475,000 and the total conversion cost for the month was $368,000. Annapolis uses...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT