Question
In: Accounting
Question 1 In March, Kelly Company had the following unit production costs: materials $12 and conversion...
Question 1 In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $7. On March 1, it had no work in process. During March, Kelly transferred out 26,000 units. As of March 31, 3,000 units that were 41% complete as to conversion costs and 100% complete as to materials were in ending work in process.
Compute the total units to be accounted for. Total units =
Compute the equivalent units of production.
The equivalent units of production, Materails= Coversion Cost=
L Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process. Cost Reconciliation Schedule
Costs accounted for
Transferred out $
Work in process, March 31 Materials $ Conversion costs
Total costs $
Solutions
ekkarill92 answered 1 year agoRelated Solutions
In March, Oriole Company had the following unit production costs: materials $10 and conversion costs $8....
In March, Oriole Company had the following unit production
costs: materials $10 and conversion costs $8. On March 1, it had no
work in process. During March, Oriole transferred out 28,000 units.
As of March 31, 3,800 units that were 31% complete as to conversion
costs and 100% complete as to materials were in ending work in
process.
a) Compute the total units to be accounted
for:
Total Units:
b) Compute the equivalent units of
production:
The equivalent units of...
Do It! Review 16-4 In March, Kelly Company had the following unit production costs: materials $10...
Do It! Review 16-4 In March, Kelly Company had the following
unit production costs: materials $10 and conversion costs $8. On
March 1, it had no work in process. During March, Kelly transferred
out 22,000 units. As of March 31, 4,000 units that were 40%
complete as to conversion costs and 100% complete as to materials
were in ending work in process. Your answer is correct. Compute the
total units to be accounted for. Total units Show Solution Show
Answer...
In March, Lasso Manufacturing had the following unit production costs: materials $14 and conversion costs $10....
In March, Lasso Manufacturing had the following unit production
costs: materials $14 and conversion costs $10. On March 1, it had
zero work in process. During March, Lasso transferred out 24,750
units. As at March 31, 2,250 units that were 60% complete as to
conversion costs and 100% complete as to materials were in ending
work in process. Calculate the cost per equivalent units for
Materials (round your answer to 2 decimals) Please ignore $
sign.
The company sells its...
Question A: The costs per equivalent unit of direct materials and conversion in the Bottling Department...
Question A:
The costs per equivalent unit of direct materials and conversion
in the Bottling Department of Rocky Springs Beverage Company are
$1.25 and $0.65, respectively. The equivalent units to be assigned
costs are as follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, beginning of period
0
2,500
Started and completed during the period
50,000
50,000
Transferred out of Bottling (completed)
50,000
52,500
Inventory in process, end of period
5,000
2,500
Total units to be assigned costs
55,000
55,000...
1.) AB Company has the following production information available for March: Total materials costs
1.) AB Company has the following production information
available for March:
Total materials costs
$147,000
Equivalent number of complete units of materials
15,000
Total conversion costs
$ 75,000
Equivalent number of complete units of conversion costs
12,000
The total manufacturing cost per unit (rounded to nearest cent)
is closest to:
A. $6.25
B. $9.80
C. $16.05
D. $8.22
2.) ABD Company, materials purchases and uses during the first
quarter are as follows:
Jan. 11, purchased 500...
1. Costs per Equivalent Unit The following information concerns production in the Baking Department for March....
1.
Costs per Equivalent Unit
The following information concerns production in the Baking
Department for March. All direct materials are placed in process at
the beginning of production.
ACCOUNT Work in Process—Baking
Department
ACCOUNT NO.
Date
Item
Debit
Credit
Balance
Debit
Credit
Mar.
1
Bal., 9,000 units, 4/5 completed
21,600
31
Direct materials, 162,000 units
291,600
313,200
31
Direct labor
81,750
394,950
31
Factory overhead
45,978
440,928
31
Goods finished, 164,100 units
426,300
14,628
31
Bal. ? units, 2/5 completed...
Last month, Vern’s Assembly Department had a unit materials cost of $4.00 and a unit conversion...
Last month, Vern’s Assembly Department had a unit materials cost
of $4.00 and a unit conversion cost of $5.00. The department
transferred out 68,000 units during the month and had 12,000 units
in ending work in process inventory that were 40% complete with
respect to conversion at the end of the month. If all materials are
added at the beginning of the process and conversion costs are
added uniformly throughout the process, what is the total cost of
the department’s...
The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve...
The costs per equivalent unit of direct materials and conversion
in the Filling Department of Eve Cosmetics Company are $2.40 and
$2.65, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, beginning of period
0
3,400
Started and completed during the period
49,000
49,000
Transferred out of Filling (completed)
49,000
52,400
Inventory in process, end of period
4,000
2,000
Total units to be assigned costs
53,000
54,400
The beginning work...
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak...
The costs per equivalent unit of direct materials and conversion
in the Rolling Department of Oak Ridge Steel Company are $0.60 and
$1.20, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, July 1
0
5,100
Started and completed during July
64,000
64,000
Transferred out of Rolling (completed)
64,000
69,100
Inventory in process, July 31
4,000
1,200
Total units to be assigned costs
68,000
70,300
The beginning work in process...
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak...
The costs per equivalent unit of direct materials and conversion
in the Rolling Department of Oak Ridge Steel Company are $2.75 and
$2.80, respectively. The equivalent units to be assigned costs are
as follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, July 1
0
1,800
Started and completed during July
46,000
46,000
Transferred out of Rolling (completed)
46,000
47,800
Inventory in process, July 31
3,000
1,200
Total units to be assigned costs
49,000
49,000
The beginning work in process...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- "Ethical Considerations" Please respond to the following: Reflect upon the responsibilities placed on auditors by the...
- A Japanese company has a bond outstanding that sells for 93 percent of its ¥100,000 par...
- What is the difference among the principles of modularization, abstraction, encapsulation, and separation of interface and...
- An investment project costs $20,100 and has annual cash flows of $4,400 for six years. ...
- PUT IN JAVA PROGRAMMING The StockB class: Design a class named StockB that contains the following...
- Draw a DFA for the following ( ∑ = {0,1}): Set of all strings with.
- In the article from Forbes notes that the goal of a leader is not to clone...
ADVERTISEMENT