Question
In: Accounting
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 inventory on July 1 had a cost of $3,210. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department.
| Completed and transferred-out production | $ |
| Inventory in process, ending | $ |
| Total costs assigned by the Rolling Department | $ |
Solutions
ekkarill92 answered 1 year agoRelated Solutions
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...
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...
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...
The cost per equivalent unit of direct materials and conversion in the Bottling Department of Beverages...
The cost per
equivalent unit of direct materials and conversion in the Bottling
Department of Beverages on Jolt Company is $0.80 and $0.20,
respectively. The equivalent units to be assigned costs are as
follows:
Equivalent Units
Direct Materials
Conversion
Inventory in process, beginning of period
0
2,650
Started and completed during the period
55,430
55,430
Transferred out of Bottling (completed)
55,430
58,080
Inventory in process, end of period
3,160
2,600
Total units to be assigned costs
58,590
60,680
The beginning...
Cost per equivalent unit is kept separate for direct materials and conversion costs because A. the...
Cost per equivalent unit is kept separate for direct
materials and conversion costs because
A. the ending inventories were different for the two
categories.
B.the equivalent units were different for the two
categories.
C. the total manufacturing costs were different for the two
categories.
D. the physical units were different for the two categories.
The current manufacturing costs include
( ) direct labor,
( ) direct materials, and
( ) manufacturing
overhead.
-estimated; estimated; applied
-actual; actual; actual
-estimated; actual;...
Compute the cost per equivalent unit for direct materials and conversion for the month.
Perrette Motor Company rebuilds automobile engines that have
been damaged or are in need of extensive repair. The rebuilt engine
has a 100,000-mile warranty and is purchased by auto shops, large
motor pools in companies and governmental units, and some
individual auto owners. The plant in Dayton, Ohio, specializes in
the Ford V6 engine. Approximately 1,140 to 1,340 engines are
rebuilt each month, and the costs of the plant are assigned to
monthly production using weighted-average process costing. The
current...
The cost per equivalent units of direct materials and conversion in the Bottling Department of Beverages...
The cost per equivalent units of direct materials and conversion
in the Bottling Department of Beverages on Jolt Company is $0.50
and $0.10, respectively. The equivalent units to be assigned costs
are as follows:
Direct
Materials
Conversion
Inventory in process, beginning of period
0
3,300
Started and completed during the period
56,980
56,980
Transferred out of Bottling (completed)
56,980
60,280
Inventory in process, end of period
3,990
2,500
Total units to be assigned costs
60,970
62,780
The beginning work in...
Compute the equivalent units for direct materials and conversion costs. 2. Compute the cost per equivalent...
Compute the equivalent units for direct materials and conversion
costs.
2.
Compute the cost per equivalent unit.
3.
Assign the costs to units completed and transferred out and
ending work in process inventory.
4.
Record the journal entry for the costs transferred out of the
Assembly Department to the Testing Department.
5.
Post all of the transactions in the "Work in Process
Inventory—Assembly"
T-account. What is the ending balance?
Data:
Units in beginning Work in Process (WIP) inventory
120,000 units...
Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 5,747 tons in...
Equivalent Units of Conversion Costs The Rolling Department of
Kraus Steel Company had 5,747 tons in beginning work in process
inventory (60% complete) on October 1. During October, 82,100 tons
were completed. The ending work in process inventory on October 31
was 4,105 tons (30% complete). What are the total equivalent units
for conversion costs? Round to the nearest whole unit.
The Rolling Department of Kraus Steel Company had 5,300 tons in
beginning work in process inventory (30% complete) on...
Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 8,684 tons in...
Equivalent Units of Conversion Costs The Rolling Department of
Kraus Steel Company had 8,684 tons in beginning work in process
inventory (50% complete) on October 1. During October, 66,800 tons
were completed. The ending work in process inventory on October 31
was 6,012 tons (80% complete). What are the total equivalent units
for conversion costs? Round to the nearest whole unit.
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