Question

In: Accounting

Comfort chair company manufactures a standard recliner and uses the FIFO method. In the Assembly Department...

Comfort chair company manufactures a standard recliner and uses the FIFO method. In the Assembly Department (the first department in the production process), the company has two cost categories: direct materials and conversion costs. Direct materials are added at the beginning of the assembly process. Conversion costs are allocated evenly throughout the assembly process. Swivel Chair’s Assembly Department started the month of February with 25,000 units in process that were 50% converted. During the month, 80,000 units were started in the Assembly Department. 20,000 units were partially completed (50% converted) at the end of February.

QUESTION:  Determine the total equivalent units of work done in the Assembly Department in February with respect to direct materials.

Solutions

Expert Solution


Related Solutions

Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of...
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,000 chairs. During the month, the firm completed 78,000 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...
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of...
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 72,000 chairs. During the month, the firm completed 77,000 chairs, and transferred them to the Finishing Department. The firm ended the month with 11,000 chairs in ending inventory. There were 16,000 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 Rest a lot chair company manufactures a standard recliner. During february, the firm's assembly department...
A Rest a lot chair company manufactures a standard recliner. During february, the firm's assembly department started a standard production of 75,000 chairs. During the month the firms completed 80,000 chairs and transfered 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 cost are added at the beginning of the production process. The FIFO method of process costing is used by Rest a...
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...
The Rest-A-Lot chair company manufactures a standard recliner. During February, the firm's Assembly Department started production...
The Rest-A-Lot 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. The firm ended the monh with 10,000 chairs in ending inventory. There were 15,000 chairs in beginning inventory. All directy material costs are added at the beg. of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Rest-a-Lot. Beginning work...
the rest-a-lot chair company manufacturing a standard recliner. during februare the firm's assembly department started production...
the rest-a-lot chair company manufacturing a standard recliner. during februare the firm's assembly department started production of 75,000 chairs. during the month, the firm completed 85,000 chairs and transferred them to the finishing department. the firm ended the month with 15,000 chairs in ending inventory. all direct materials costs are added at the begining of the production cycle. weighted-average costing is uesd by rest-a-lot. what were the equivalent units for materialsfor february? A 95?000 chairs B 75?000 chairs C 80?000...
Sleepy chairs company manufacturers a standard recliner. During October, the firm's Assembly Department started production of...
Sleepy chairs company manufacturers a standard recliner. During October, the firm's Assembly Department started production of 85,000 chairs. During the month, the firm completed 95,000 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,000 chairs in ending inventory. There were 20,000 chairs in beginning inventory. The number of chairs started and completed in October is 75,000 chairs. True False
FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that...
FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and...
FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that...
FIFO Method, Two-Department Analysis Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and...
Answer the following questions using the information below: The Recliner Company manufacturers a standard massage chair....
Answer the following questions using the information below: The Recliner Company manufacturers a standard massage chair. During February, the firm's Assembly Department started production of 150,000 chairs. During the month, the firm completed 170,000 chairs and transferred them to the Finishing Department. The firm ended the month with 20,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used byRecliner. Conversion costs are incurred uniformly over the production cycle....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT