Question

In: Accounting

A production departments output for the most recent month consisted of 9100 units completed and transferred...

A production departments output for the most recent month consisted of 9100 units completed and transferred to the next stage of production and 6100 units in ending work in process inventory. The units in ending work in process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
1) 7600 units
2) 10650 units
3) 15200 units
4) 6050 units
5) 12150 units

Solutions

Expert Solution

Answer:  

Calculation of Equivalent units of production for the month using weighted average method :
Particular Material Coversion Cost
Unit compeleted and transferred     9,100.00                 9,100.00
(9100 Unit X 100% Complete)
Units in Ending WIP
Direct Material (6100 Unit X 50% Complete)     3,050.00
Conversion Cost (6100 Unit X 50% Complete)                 3,050.00
Total Equivalent Units 12,150.00               12,150.00
Total equivalent units for each cost element (materials, conversion cost) is calculated as:

Equivalent units = Units completed + (Units in ending inventory X percent complete)

Since equivalent units of production for the month the month is 12150 units, hence option 5 for 12150 units is correct option.

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

A production department's output for the most recent month consisted of 8,300 units completed and transferred...
A production department's output for the most recent month consisted of 8,300 units completed and transferred to the next stage of production and 5,300 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method. Multiple Choice 10,950 units. 13,600 units. 5,650 units. 6,800 units. 9,450 units.
The production department in a process manufacturing system completed 88,000 units of product and transferred them...
The production department in a process manufacturing system completed 88,000 units of product and transferred them to finished goods during a recent period. Of these units, 26,400 were in process at the beginning of the period. The other 61,600 units were started and completed during the period. At period-end, 16,400 units were in process. Prepare the department’s equivalent units of production with respect to direct materials under each of the three separate assumptions using the FIFO method for process costing...
Georgia Products Inc. completed and transferred 190,000 particleboard units of production from the Pressing Department. There...
Georgia Products Inc. completed and transferred 190,000 particleboard units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 16,000 units, which were 3/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $566,500, the direct labor cost incurred was $258,680, and factory overhead applied was $60,680. Determine the following for the Pressing Department. Round "cost per equivalent...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 202,000 particle board units of production...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 202,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 18,000 units, which were 3/4 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $968,000, direct labor cost incurred was $244,380, and factory overhead applied was $57,320. Determine the following for the Pressing Department....
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 89,000 particle board units of production...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 89,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 2,400 units, which were 3⁄5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $219,360, direct labor cost incurred was $28,100, and factory overhead applied was $12,598. Determine the following for the Pressing Department....
In a process with 900 units of beginning Work in Process, the company completed and transferred...
In a process with 900 units of beginning Work in Process, the company completed and transferred out 10200 units during a period. There were 4600 units in the ending Work in Process that were 50% complete as to conversion costs. Materials are added 75% at the beginning of the process and 15% when the units are 85% complete. How much is equivalent units of production for the period for material costs if the weighted-average method is used?
Cranford Company completed and transferred out 2,900 units in May 2020. There were 200 units in...
Cranford Company completed and transferred out 2,900 units in May 2020. There were 200 units in the Work-in-Process Inventory on May 31, 2020, 30% complete as to conversion costs and 100% complete as to materials. The month's charges for conversion costs and material costs were $13,320 and $9,610, respectively. There was no beginning inventory on May 1, 2020. What is the cost of the work transferred-out during May, assuming that Cranford uses weighted-average process costing?
Equivalent Units of Production Units of production data for the two departments of Pacific Cable and...
Equivalent Units of Production Units of production data for the two departments of Pacific Cable and Wire Company for November of the current fiscal year are as follows: Drawing Department Winding Department Work in process, November 1 6,900 units, 20% completed 3,600 units, 80% completed Completed and transferred to next processing department during November 94,500 units 93,200 units Work in process, November 30 5,200 units, 45% completed 4,900 units, 20% completed a. If all direct materials are placed in process...
Equivalent Units of Production Units of production data for the two departments of Continental Cable and...
Equivalent Units of Production Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year are as follows: Drawing Department Winding Department Work in process, November 1 6,200 units, 50% completed 1,800 units, 70% completed Completed and transferred to next processing department during November 84,900 units 84,300 units Work in process, November 30 4,700 units, 75% completed 2,400 units, 20% completed a. If all direct materials are placed in process...
Equivalent Units of Production Units of production data for the two departments of Pacific Cable and...
Equivalent Units of Production Units of production data for the two departments of Pacific Cable and Wire Company for November of the current fiscal year are as follows: Drawing Department Winding Department Work in process, November 1 7,400 units, 45% completed 3,700 units, 65% completed Completed and transferred to next processing department during November 101,400 units 100,100 units Work in process, November 30 5,600 units, 75% completed 5,000 units, 30% completed a. If all direct materials are placed in process...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT