Question
In: Accounting
During December, the production department of a process operations system completed and transferred to finished goods...
During December, the production department of a process operations system completed and transferred to finished goods a total of 79,000 units of product. At the end of December, 14,000 additional units were in process in the production department and were 65% complete with respect to materials. The beginning inventory included materials cost of $58,800 and the production department incurred direct materials cost of $186,900 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.
A - $2.64.
B - $2.12.
C - $2.79.
D - $2.37.
E - $3.11.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
During March, the production department of a process operations system completed and transferred to finished goods...
During March, the production department of a process operations
system completed and transferred to finished goods 19,000 units
that were in process at the beginning of March and 170,000 units
that were started and completed in March. March's beginning
inventory units were 100% complete with respect to materials and
61% complete with respect to conversion. At the end of March,
36,000 additional units were in process in the production
department and were 100% complete with respect to materials and 22%...
6/ During March, the production department of a process operations system completed and transferred to finished...
6/ During March, the production department of a process
operations system completed and transferred to finished goods
17,000 units that were in process at the beginning of March and
130,000 units that were started and completed in March. March's
beginning inventory units were 100% complete with respect to
materials and 57% complete with respect to conversion. At the end
of March, 32,000 additional units were in process in the production
department and were 100% complete with respect to materials and...
The cost of production of completed and transferred goods during the period amounted to $540,000, and...
The cost of production of completed and transferred goods during
the period amounted to $540,000, and the finished products shipped
to customers had production costs of $375,000. The entry to record
the transfer of costs from finished goods to cost of goods sold
is
a.
Cost of Goods Sold540,000
Finished Goods540,000
b.
Finished Goods375,000
Cost of Goods Sold375,000
c.
Cost of Goods Sold375,000
Finished Goods375,000
d.
Finished Goods540,000
Cost of Goods Sold540,000
During April, the production department of a process manufacturing system completed a number of units of...
During April, the production department of a process
manufacturing system completed a number of units of a product and
transferred them to finished goods. Of these transferred units,
67,000 were in process in the production department at the
beginning of April and 268,000 were started and completed in April.
April's beginning inventory units were 70% complete with respect to
materials and 30% complete with respect to conversion. At the end
of April, 89,000 additional units were in process in the...
During April, the production department of a process manufacturing system completed a number of units of...
During
April, the production department of a process manufacturing system
completed a number of units of a product and transferred them to
finished goods. Of these transferred units, 82,000 were in process
in the production department at the beginning of April and 328,000
were started and completed in April. April's beginning inventory
units were 70% complete with respect to materials and 30% complete
with respect to conversion. At the end of April, 104,000 additional
units were in process in the...
During April, the production department of a process manufacturing system completed a number of units of...
During April, the production department of a process manufacturing
system completed a number of units of a product and transferred
them to finished goods. Of these transferred units, 71,000 were in
process in the production department at the beginning of April and
284,000 were started and completed in April. April's beginning
inventory units were 65% complete with respect to materials and 35%
complete with respect to conversion. At the end of April, 93,000
additional units were in process in the...
During April, the production department of a process manufacturing system completed a number of units of...
During April, the production department of a process
manufacturing system completed a number of units of a product and
transferred them to finished goods. Of these transferred units,
66,000 were in process in the production department at the
beginning of April and 264,000 were started and completed in April.
April's beginning inventory units were 65% complete with respect to
materials and 35% complete with respect to conversion. At the end
of April, 88,000 additional units were in process in the...
During the current period, Sean Company transferred $60,600 from Work in Process to Finished Goods and...
During the current period, Sean Company transferred $60,600 from
Work in Process to Finished Goods and recorded Cost of Goods Sold
of $66,520. Which of the following reflects the Cost of Goods
Manufactured being transferred out of the factory?
a. credit to Finished Goods of $60,600
b. debit to Finished Goods of $66,520
c. credit to Cost of Goods Sold of $66,520
d. credit to Work in Process of $60,600
During April, the first production department of a process manufacturing system completed its work on 305,000...
During April, the first production department of a process
manufacturing system completed its work on 305,000 units of a
product and transferred them to the next department. Of these
transferred units, 61,000 were in process in the production
department at the beginning of April and 244,000 were started and
completed in April. April's beginning inventory units were 65%
complete with respect to materials and 35% complete with respect to
conversion. At the end of April, 83,000 additional units were in...
During April, the first production department of a process manufacturing system completed its work on 350,000...
During April, the first production department of a process
manufacturing system completed its work on 350,000 units of a
product and transferred them to the next department. Of these
transferred units, 70,000 were in process in the production
department at the beginning of April and 280,000 were started and
completed in April. April's beginning inventory units were 60%
complete with respect to materials and 40% complete with respect to
conversion. At the end of April, 92,000 additional units were in...
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