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 agoRelated 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
ADVERTISEMENT
Latest Questions
- Compare the MOSFET, JFET , and BJT and identify the reasons these devices behave differently. What...
- How would you use SAS Enterprise Miner to create a neural network model of your example?
- Explain the use of neural networking modeling in predictive analytics.
- Current Market Mix of Netflix, as detail as possible, please.
- This is all one question, thank you so much in advance! You must evaluate a proposal...
- X Company is considering the purchase of a new processor that costs $200,000. Shipping and setup...
- There are a large number of tasks involved in information technology and programming, and many of...
ADVERTISEMENT