Question
In: Accounting
Oriole Company reported the following information for the month of April: Units Work in Process Beginning...
Oriole Company reported the following information for the month
of April:
|
Units |
||
|
Work in Process |
||
|
Beginning inventory, April 1 |
7,200 |
|
|
Added to production |
44,700 |
|
|
Completed and transferred out |
? |
|
|
Ending inventory, April 30 |
4,000 |
Ending inventory was 100% complete with respect to materials and
56% complete with respect to labor and overhead.
Oriole also reported the following cost information in
April:
|
Costs |
||||
|
Materials |
Labor and Overhead |
|||
|
Work in Process |
||||
|
Beginning inventory, April 1 |
$11,000 |
$17,400 |
||
|
Added to production |
67,700 |
135,000 |
||
What are the equivalent units of production for materials? For labor and overhead?
What was the cost per equivalent unit for materials?
What was the cost per equivalent unit for labor and overhead?
What cost would be assigned to the units transferred out of Work in Process Inventory?
What cost would be assigned to the ending Work in Process Inventory?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
The following information is available: Units in process at the beginning of the month 2,000 Units...
The following information is available:
Units in process at the beginning of the month
2,000
Units in process at the end of the month
4,000
Units started during the month
30,000
Materials are added at the beginning of the process.
10a. Refer to the information above. Beginning
and ending units were 60 percent complete as to conversion costs.
What is the number of units started and completed? (Ans:
$26,000)
10b. Refer to the information above. Beginning...
Crane Company has gathered the following information. Units in beginning work in process 0 Units started...
Crane Company has gathered the following information.
Units in beginning work in process
0
Units started into production
37,300
Units in ending work in process
8,200
Percent complete in ending work in process:
Conversion costs
40
%
Materials
100
%
Costs incurred:
Direct materials
$78,330
Direct labor
$66,500
Overhead
$105,114
Compute equivalent units of production for materials and for
conversion costs.
Materials
Conversion Costs
The equivalent units of production
Determine the unit costs of production. (Round unit
costs to 2...
Baden Company has gathered the following information. Units in beginning work in process 0 Units started...
Baden Company has gathered the following information.
Units in beginning work in process
0
Units started into production
40,100
Units in ending work in process
8,000
Percent complete in ending work in process:
Conversion costs
40
%
Materials
100
%
Costs incurred:
Direct materials
$80,200
Direct labor
$61,900
Overhead
$109,305
Part 1
Compute equivalent units of production for materials and for
conversion costs.
Materials
Conversion Costs
The equivalent units of production
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Overton Company has gathered the following information: Production: Units in beginning work in process 20,000 Units...
Overton Company has gathered the following information:
Production:
Units in beginning work in process 20,000
Units started into production 164,000
Units in ending work in process 24,000
Percentage complete in ending work in process:
Conversion costs 60%
Materials 100%
Costs:
Direct materials $ 101,200
Direct labor 164,800
Overhead 184,000
Instructions:
to. Calculate the equivalent units of production for the
material and the conversion costs.
b. Determine the unit cost of production.
C. Show the allocation of costs to the units...
Baden Company has gathered the following information. Units in beginning work in process 0 Units started...
Baden Company has gathered the following information.
Units in beginning work in process
0
Units started into production
37,000
Units in ending work in process
7,200
Percent complete in ending work in process:
Conversion costs
40
%
Materials
100
%
Costs incurred:
Direct materials
$ 83,250
Direct labor
$ 65,200
Overhead
$ 109,638
(a)
Compute equivalent units of production for materials and for
conversion costs.
Materials
Conversion Costs
The equivalent units of production
(b)
Determine the unit costs of production....
Baden Company has gathered the following information. Units in beginning work in process 0 Units started...
Baden Company has gathered the following information. Units in
beginning work in process 0 Units started into production 43,900
Units in ending work in process 8,500 Percent complete in ending
work in process: Conversion costs 40 % Materials 100 % Costs
incurred: Direct materials $80,500 Direct labor $68,700 Overhead
$103,800
Manufacturing Company reported the following year-end information: Beginning work in process inventory $1,080,000 Beginning raw materials...
Manufacturing Company reported the following year-end
information: Beginning work in process inventory $1,080,000
Beginning raw materials inventory 300,000 Ending work in process
inventory 900,000 Ending raw materials inventory 480,000 Raw
materials purchased 960,000 Direct labor 900,000 Manufacturing
overhead 720,000 Laflin Manufacturing Company's cost of goods
manufactured for the year is $2,400,000 $2,580,000 $2,220,000
$2,760,000. Please, I need a help? Thanks.
Painter Corporation has the following information for the current month: Units started 100,000 units Beginning Work...
Painter Corporation has the following information for the
current month:
Units started
100,000
units
Beginning Work in Process: (35% complete)
20,000
units
Normal spoilage (discrete)
3,500
units
Abnormal spoilage
5,000
units
Ending Work in Process: (70% complete)
14,500
units
Transferred out
97,000
units
Beginning Work in Process Costs:
Material
$15,000
Conversion
10,000
All materials are added at the start of the production process.
Painter Corporation inspects goods at 75 percent completion as to
conversion.
Refer to Painter Corporation. What are...
At the start of the month, Oak Inc. had 58,000 units of beginning work in process...
At the start of the month, Oak Inc. had 58,000 units of
beginning work in process that were 65% complete. Over the course
of the month, the firm completed and transferred out 208,900 units,
and at the end of the month, it had 59,400 units in ending work in
process that were 70% complete. In comparison, Maple Inc. began the
month with 61,200 units of beginning work in process that were 60%
complete. Over the course of the month, the...
In a process with 900 units of beginning Work in Process, the company completed and transferred...
In a process with 900 units of beginning Work in Process, the
company completed and transferred out 10200 units during a
period.
There were 4600 units in the ending Work in Process that were
50% complete as to conversion costs.
Materials are added 75% at the beginning of the process and 15%
when the units are 85% complete.
How much is equivalent units of production for the period for
material costs if the weighted-average method is used?
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