Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October:
| Percent Completed | |||||
| Units | Materials | Conversion | |||
| Work in process, October 1 | 52,000 | 85 | % | 55 | % |
| Work in process, October 31 | 34,000 | 66 | % | 50 | % |
The department started 389,000 units into production during the month and transferred 407,000 completed units to the next department.
Required:
Compute the equivalent units of production for October.
| Materials | Conversion | |
| Equivalent units of production |
Homework Answers
Equivalent units of Production = Units completed + Ending WIP x
Completion
Materials = 407000 + 34000 x 66% = 429440 units
Conversion = 407000 + 34000 x 50% = 424000 units
| Units | Materials | Conversion |
| Unit tranferred to the next department (a) | 407,000 | 407,000 |
| Ending Work in process inventory (b) | 34,000 *66% | 34,000 * 50% |
Equivalent units of production (a)+(b) | 429440 | 424000 |
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Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its
process costing system. The following data are available for one
department for October:
Percent Completed
Units
Materials
Conversion
Work in process,
October 1
52,000
85
%
55
%
Work in process, October 31
34,000
68
%
49
%
The department started 392,000 units into production during the
month and transferred 410,000 completed units to the next
department.
Required Compute the equivalent units of production for October. Materials Conversion Equivalent units of...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October Work in process, October 1 Work in process, October 31 Units 52,000 36,000 Percent Completed Materials Conversion 95% 55% 72% 54% The department started 389,000 units into production during the month and transferred 405,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Please explain Clonex Labs, Inc., uses the weighted average method in its process costing system. The...
Please explain
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October Percent Completed Materials Conversion 90% 60% 66% 46% Units 53,000 35,000 Work in process, October 1 Work in process, October 31 The department started 389,000 units into production during the month and transferred 407,000 completed units to the next department Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 85% 65% 71% 55% Units 48,000 28,eee Work in process, October 1 Work in process, October 31 The department started 387,000 units into production during the month and transferred 407,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 90% 60 % 73% 49% Units 52,000 36,000 Work in process, October 1 Work in process, October 31 The department started 389,000 units into production during the month and transferred 405,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion 48,000 85% 55% 28,000 75% 54% Work in process, October 1 Work in process, October 31 The department started 386,000 units into production during the month and transferred 406,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 90% 60% 69% 49% Units 53,000 36,000 Work in process, October 1 Work in process, October 31 The department started 390,000 units into production during the month and transferred 407,000 completed units to the next department Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data...
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Percent Completed Units Materials Conversion 51,000 85% 65% 38,000 67% 55 % The department started 392,000 units into production during the month and transferred 405,000 completed units to the next department. Required: Compute the equivalent units of production for October.
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 45,000 85 % 55 % Work in process, October 31 36,000 68 % 54 % The department started 403,000 units into production during the month and transferred 412,000 completed units to the next department. Required: Compute the equivalent units of production for October.
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 50,000 85 % 55 % Work in process, October 31 39,000 69 % 51 % The department started 395,000 units into production during the month and transferred 406,000 completed units to the next department. Required: Compute the equivalent units of production for October.
Clonex Labs, Inc., uses the weighted-average method in its
process costing system. The following data are available for one
department for October:
Percent Completed
Units
Materials
Conversion
Work in process,
October 1
52,000
85
%
55
%
Work in process, October 31
34,000
68
%
49
%
The department started 392,000 units into production during the
month and transferred 410,000 completed units to the next
department.
Required Compute the equivalent units of production for October. Materials Conversion Equivalent units of...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October Work in process, October 1 Work in process, October 31 Units 52,000 36,000 Percent Completed Materials Conversion 95% 55% 72% 54% The department started 389,000 units into production during the month and transferred 405,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production
Please explain
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October Percent Completed Materials Conversion 90% 60% 66% 46% Units 53,000 35,000 Work in process, October 1 Work in process, October 31 The department started 389,000 units into production during the month and transferred 407,000 completed units to the next department Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 85% 65% 71% 55% Units 48,000 28,eee Work in process, October 1 Work in process, October 31 The department started 387,000 units into production during the month and transferred 407,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 90% 60 % 73% 49% Units 52,000 36,000 Work in process, October 1 Work in process, October 31 The department started 389,000 units into production during the month and transferred 405,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion 48,000 85% 55% 28,000 75% 54% Work in process, October 1 Work in process, October 31 The department started 386,000 units into production during the month and transferred 406,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 90% 60% 69% 49% Units 53,000 36,000 Work in process, October 1 Work in process, October 31 The department started 390,000 units into production during the month and transferred 407,000 completed units to the next department Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production
Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Percent Completed Units Materials Conversion 51,000 85% 65% 38,000 67% 55 % The department started 392,000 units into production during the month and transferred 405,000 completed units to the next department. Required: Compute the equivalent units of production for October.
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