Question
In: Accounting
The Cutting Department of Cassel Company has the following production and cost data for July. Production...
The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs 1. Transferred out 12,000 units. Beginning work in process $0 2. Started 3,000 units that are 60% Materials 45,000 complete as to conversion Labor 16,200 costs and 100% complete as Manufacturing overhead 18,300 to materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.
Determine the equivalent units of production for (1) materials and (2) conversion costs.
Compute unit costs
Prepare a cost reconciliation schedule.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Exercise 21-6 The Cutting Department of Cassel Company has the following production and cost data for...
Exercise 21-6 The Cutting Department of Cassel Company has the
following production and cost data for July. Production Costs 1.
Transferred out 12,000 units. Beginning work in process $0 2.
Started 3,000 units that are 60% Materials 45,000 complete as to
conversion Labor 16,200 costs and 100% complete as Manufacturing
overhead 18,300 to materials at July 31. Materials are entered at
the beginning of the process. Conversion costs are incurred
uniformly during the process. Determine the equivalent units of
production...
Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for...
Cost of Production Report
The Cutting Department of Karachi Carpet Company provides the
following data for January. Assume that all materials are added at
the beginning of the process.
Work in process, January 1, 7,600 units, 80% completed
$82,688*
*Direct materials (7,600 ×
$8.00)$60,800
Conversion (7,600 × 80% ×
$3.60)21,888
$82,688
Materials added during January from Weaving Department, 117,200
units $949,320
Direct labor for January 181,613
Factory overhead for January 221,972
Goods finished during January (includes goods in process,
January...
Cost of Production Report The Cutting Department of Tangu Carpet Company provides the following data for...
Cost of Production Report
The Cutting Department of Tangu Carpet Company provides the
following data for December 2016. Assume that all materials are
added at the beginning of the process.
Work in process, December 1, 11,400 units, 60% completed
$146,376*
*Direct materials (11,400 × $10.2)
$116,280
Conversion (11,400 × 60% × $4.4)
30,096
$146,376
Materials added during December from Weaving Department,
175,600 units
$1,808,680
Direct labor for December
350,548
Factory overhead for December
428,447
Goods finished during December (includes goods...
Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for...
Cost of Production Report
The Cutting Department of Karachi Carpet Company provides the
following data for January. Assume that all materials are added at
the beginning of the process.
Work in process, January 1, 1,400 units, 75%
completed
$ 22,960*
*Direct materials (1,400 X $12.65)
$17,710
Conversion (1,400 X 75% X $5.00)
5,250
$22,960
Materials added during January from Weaving
Department, 58,000 units
$742,400
Direct labor for January
134,550
Factory overhead for January
151,611
Goods finished during January (includes goods...
Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for...
Cost of Production Report
The Cutting Department of Karachi Carpet Company provides the
following data for January. Assume that all materials are added at
the beginning of the process.
Work in process, January 1, 8,400 units, 75% completed
$103,740*
*Direct materials (8,400 × $9.20)
$77,280
Conversion (8,400 × 75% × $4.20)
26,460
$103,740
Materials added during January from Weaving Department, 129,200
units
$1,208,020
Direct labor for January
244,197
Factory overhead for January
298,463
Goods finished during January (includes goods in...
Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for...
Cost of Production Report
The Cutting Department of Karachi Carpet Company provides the
following data for January. Assume that all materials are added at
the beginning of the process.
Work in process, January 1, 14,600 units, 80% completed
$208,488*
*Direct materials (14,600 × $10.2)
$148,920
Conversion (14,600 × 80% × $5.1)
59,568
$208,488
Materials added during January from Weaving Department, 224,800
units
$2,315,440
Direct labor for January
511,805
Factory overhead for January
625,539
Goods finished during January (includes goods in...
Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for...
Cost of Production Report
The Cutting Department of Karachi Carpet Company provides the
following data for January. Assume that all materials are added at
the beginning of the process.
Work in process, January 1, 8,400 units, 75% completed
$102,060*
*Direct materials (8,400 × $8.4)
$70,560
Conversion (8,400 × 75% × $5)
31,500
$102,060
Materials added during January from Weaving Department, 129,200
units
$1,098,200
Direct labor for January
290,409
Factory overhead for January
354,945
Goods finished during January (includes goods in...
Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for...
Cost of Production Report
The Cutting Department of Karachi Carpet Company provides the
following data for January. Assume that all materials are added at
the beginning of the process.
Work in process, January 1, 12,200 units, 70% completed
$137,006*
*Direct materials (12,200 × $7.8)
$95,160
Conversion (12,200 × 70% × $4.9)
41,846
$137,006
Materials added during January from Weaving Department, 188,000
units
$1,485,200
Direct labor for January
415,485
Factory overhead for January
507,815
Goods finished during January (includes goods in...
Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for...
Cost of Production Report
The Cutting Department of Karachi Carpet Company provides the
following data for January. Assume that all materials are added at
the beginning of the process.
Work in process, January 1, 10,200 units, 75% completed
$116,025*
*Direct materials (10,200 × $8.00)
$81,600
Conversion (10,200 × 75% × $4.50)
34,425
$116,025
Materials added during January from Weaving Department, 157,200
units
$1,281,180
Direct labor for January
318,511
Factory overhead for January
389,291
Goods finished during January (includes goods in...
Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for...
Cost of Production Report
The Cutting Department of Karachi Carpet Company provides the
following data for January. Assume that all materials are added at
the beginning of the process.
Work in process, January 1, 11,000 units, 60% completed
$141,020*
*Direct materials (11,000 × $10)
$110,000
Conversion (11,000 × 60% × $4.7)
31,020
$141,020
Materials added during January from Weaving Department, 169,600
units
$1,704,480
Direct labor for January
364,176
Factory overhead for January
445,104
Goods finished during January (includes goods in...
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