Question
In: Accounting
Four seasons company makes snow blowers. Materials are added at the beginning of the process and...
Four seasons company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, work in process is 40% complete and at the end of the month it is 60% complete. Other data for the month include:
Beginning work-in-process inventory: 2,600 units
Units Started: 2,000 units
Units placed in finished goods: 4,200 units
Conversion costs: $300,000
Cost of direct materials: $463,000
Beginning work-in-process costs:
Materials: $204,000
Conversion: $99,600
Required: use the weighted avarage method, compute:
the equivalaent units of materials, cost per equivalent unit for materials, and cost of materials in the ending inventory
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Materials are added at the beginning of the production process at Campo Company. The following information...
Materials are added at the beginning of the production process
at Campo Company. The following information on the physical flow of
units is available for the month of November:
Beginning work in process (54% complete)
57,000
Started in November
530,000
Completed in November and transferred out
485,000
Ending work in process (55% complete)
102,000
Cost data for November show the following:
Beginning WIP inventory
Direct materials costs
$
29,300
Conversion costs
55,700
Current period costs
Direct materials costs
$
300,950...
Materials are added at the beginning of the production process at Campo Company. Campo uses a...
Materials are added at the beginning of the production process at
Campo Company. Campo uses a FIFO process costing system. The
following information on the physical flow of units is available
for the month of November:
Beginning work in process (38% complete)
85,000
Started in
November
1,024,000
Completed in
November and transferred out
951,000
Ending work in
process (68% complete)
158,000
Required:
Compute the equivalent units for the conversion cost
calculation.
Materials are added at the beginning of the production process at Campo Company. The following information...
Materials are added at the beginning of the production process
at Campo Company. The following information on the physical flow of
units is available for the month of November:
Beginning work in process (58% complete)
49,000
Started in November
550,000
Completed in November and transferred out
525,000
Ending work in process (60% complete)
74,000
Cost data for November show the following:
Beginning WIP inventory
Direct materials costs
$
29,300
Conversion costs
43,700
Current period costs
Direct materials costs
$
340,950...
Atlantic manufacturing company uses process costing. All materials are added at the beginning of the process....
Atlantic manufacturing company uses process costing. All
materials are added at the beginning of the process. The company
uses weighted average method in measuring unit costs. There are
100,000 units in the beginning work-in-process in the month of May
(The company started its production in late April and did not
finish producing any unit). The conversion work is 70%
complete.
The costs of beginning WIP are $1,250,000, including
$100,000 of input of materials ($1 per EU), and $140,000 for labor...
Atlantic Manufacturing Company uses process costing. All materials are added at the beginning of the process....
Atlantic Manufacturing Company uses process costing. All materials
are added at the beginning of the process. The normal spoilage rate
is calculated as 10% of good units
completed.
The cost of the beginning work-in-process in the
month
of May is $3,000,000, including $1,600,000 of input of materials,
100,000 units, and $1,400,000 for conversion costs. The beginning
work-in-process is 70% complete.
During May, the input includes $7,400,000 for materials, 800,000
units started and $4,190,000 for conversion costs. There were
700,000 good...
Atlantic Manufacturing Company uses process costing. All materials are added at the beginning of the process....
Atlantic Manufacturing Company uses process costing. All
materials are added at the beginning of the process. The normal
spoilage rate is calculated as 10% of good units completed. The
cost of the beginning work-in-process in the month of May is
$3,000,000, including $1,600,000 of input of materials, 100,000
units, and $1,400,000 for conversion costs. The beginning
work-in-process is 70% complete. During May, the input includes
$7,400,000 for materials, 800,000 units started and $4,190,000 for
conversion costs. There were 700,000 good...
Materials are added at the beginning of the process and conversion costs are added uniformly. Work...
Materials are added at the beginning of the process and
conversion costs are added uniformly.
Work in? process, beginning:
Number of units
15 comma 00015,000
Transferredminus?in
costs
?$94,000
Direct materials? (100%)
?$22,500
Conversion costs? (75%)
?$25,400
Units
transferredminus??in:
Number of units
52 comma 50052,500
Transferredminus?in
costs
?$640,500
Units completed
41 comma 00041,000
Costs during the? period:
Direct materials
?$155,475
Conversion costs
?$213,225
Work in? process, ending:
Number of units
26 comma 50026,500
?(100% complete for materials and? 35% complete for?...
In the Mixing Dept., the direct materials are added at the beginning of the process and...
In the Mixing Dept., the direct materials are added at the
beginning of the process and the conversion costs are incurred
evenly throughout the process. Work in process of the mixing Dept.
on March 1, 2018 consisted of 900 batches of crayons that were 60%
of the way through the production process.
The beginning balance in WIP Inventory - Mixng was $30,700 which
consited of $11,500 in direct materias cost and $19,200 in
conversion costs.
During March, 4600 batches were...
Coronado Company manufactures basketballs. Materials are added at the beginning of the production process and conversion...
Coronado Company manufactures basketballs. Materials are added
at the beginning of the production process and conversion costs are
incurred uniformly. Production and cost data for the month of July
2020 are as follows.
Production Data—Basketballs
Units
Percent
Complete
Work in process units, July 1
560
60
%
Units started into production
1,430
Work in process units, July 31
500
40
%
Cost Data—Basketballs
Work in process, July 1
Materials
$700
Conversion
costs
550
$1,250
Direct materials
2,882
Direct labor
1,072...
Coronado Company manufactures basketballs. Materials are added at the beginning of the production process and conversion...
Coronado Company manufactures basketballs. Materials are added
at the beginning of the production process and conversion costs are
incurred uniformly. Production and cost data for the month of July
2020 are as follows.
Production Data—Basketballs
Units
Percent
Complete
Work in process units, July 1
560
60
%
Units started into production
1,430
Work in process units, July 31
500
40
%
Cost Data—Basketballs
Work in process, July 1
Materials
$700
Conversion
costs
550
$1,250
Direct materials
2,882
Direct labor
1,072...
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