Question

In: Accounting

The inventory at April 1, 2020, and the costs charged to Work in Process--Department B during...

The inventory at April 1, 2020, and the costs charged to Work in Process--Department B during April for Worldwide Company are as follows:

1,200 units, 40% completed

$  47,800

From Department A, 26,000 units

845,000

Direct labor

312,000

Factory overhead

176,770

During April, all direct materials are transferred from Department A. In Department B, the units in process at April 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units which were 70% completed as to conversion costs. Inventories are costed by the first-in, first-out method.

Required:

Prepare a cost of production report for Department B for the month April 2020.

Solutions

Expert Solution

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

The inventory at May 1 and the costs charged to Work in Process -- Department B...
The inventory at May 1 and the costs charged to Work in Process -- Department B during May for Star Company are as follows: 8,000 Units, 75% Completed ---- $65,600 From Department A, 43,500 Units ---- $78,300 Direct Labor ---- $292,400 Factory Overhead ---- $107,100 During May, all direct materials are transferred from Department A, the units process at May 1 were completed, and of the 43,500 units entering the department, all were completed except 9,000 units which were 2/3...
Erin Company's inventory at December 1 and the costs charged to Work in Process—Department B during...
Erin Company's inventory at December 1 and the costs charged to Work in Process—Department B during December are as follows: 1,200 units, 40% completed $47,800 From Department A, 26,000 units 845,000 Direct labor 312,000 Factory overhead 176,770 During December, all direct materials are transferred from Department A, the units in process at December 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units that were 70% completed as to conversion costs. Inventories are...
Erin Company's inventory at December 1, and the costs charged to Work in Process—Department B during...
Erin Company's inventory at December 1, and the costs charged to Work in Process—Department B during December are as follows: 1,200 units, 40% completed $47,800 From Department A, 26,000 units 845,000 Direct labor 312,000 Factory overhead 176,770 During December, all direct materials are transferred from Department A, the units in process at December 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units which were 70% completed as to conversion costs. Inventories are...
Skittles Company's inventory on March 1 and the costs charged to Work in Process—Dipping Department during...
Skittles Company's inventory on March 1 and the costs charged to Work in Process—Dipping Department during March are as follows: Beginning work in process, 500 units, 60% completed $ 3,460 From Sugar Mixing Department, 10,000 units (direct materials) 36,300 Direct labor incurred 7,960 Factory overhead incurred 12,500 ​ During March, all direct materials were transferred from the Mixing Department, the units in process at March 1 were completed, and of the 10,000 units entering the department, all were completed except...
The Inventory at July 1st and the cost charged to work in process department B during...
The Inventory at July 1st and the cost charged to work in process department B during July for the Parker Corporation are as follows: 32,000 units, 3/4 completed...................................1,312,000 From Department A 174,000 units.........................1,566,000 Direct Labor............................................................5,848,000 Factory Overhead...................................................1,292,000 During July, all direct materials are transferred from Department A, the units in process at July 1st were completed, and of the 174,000 units entering the Department, all were completed except 36,000 units which were 2/3 completed. Inventories are costed by the FIFO...
Question 1 (40 marks) The inventory at April 1, 2020, and the costs charged to Work...
Question 1 The inventory at April 1, 2020, and the costs charged to Work in Process--Department B during April for Worldwide Company are as follows: 1,200 units, 40% completed $  47,800 From Department A, 26,000 units 845,000 Direct labor 312,000 Factory overhead 176,770 During April, all direct materials are transferred from Department A. In Department B, the units in process at April 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units which were...
Question 1 (40 marks) The inventory at April 1, 2020, and the costs charged to Work...
Question 1 The inventory at April 1, 2020, and the costs charged to Work in Process--Department B during April for Worldwide Company are as follows: 1,200 units, 40% completed $  47,800 From Department A, 26,000 units 845,000 Direct labor 312,000 Factory overhead 176,770 During April, all direct materials are transferred from Department A. In Department B, the units in process at April 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units which were...
M&M Company's inventory on March 1 and the costs charged to Work in Process—Dipping Department during...
M&M Company's inventory on March 1 and the costs charged to Work in Process—Dipping Department during March are as follows: Beginning work in process, 12,000 units, 60% completed $ 62,400 From Chocolate Mixing Department, 55,000 units (direct materials) 115,500 Direct labor incurred 384,915 Factory overhead incurred 138,000 During March, all direct materials were transferred from the Mixing Department, the units in process at March 1 were completed, and of the 55,000 units entering the department, all were completed except 6,000...
Finishing Department costs: Work in process inventory, April 1,250 units; materials 100% complete; conversion 60% complete...
Finishing Department costs: Work in process inventory, April 1,250 units; materials 100% complete; conversion 60% complete $ 8,680 * Costs transferred in during the month from the preceding department, 2,750 units 31,100 Materials cost added during the month 12,866 Conversion costs incurred during the month 26,800 Total departmental costs $ 79,446 Finishing Department costs assigned to: Units completed and transferred to finished goods, 3,400 units at $23.370 per unit $ 79,446 Work in process inventory, April 30, 600 units; materials...
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...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT