Homework Answers
Solution:
a.)
| Particulars | Units |
| Number of units in work in process at the beginning of the period | 1600 |
| Number of units placed this period | 29,000 |
| Less: number of units finished in work in process during the period | (29,600) |
| Number of units in work in process at the end of the period | 1,000 units |
b.
| Equivalent units | |||
| Particulars | Whole Units | Direct Materials | Conversion |
| Inventory in process beginning | 1,600 | 0 | 1,040(1600 × 35%) |
| Started and completed | 28,000(29,600 - 1,600) | 28,000 | 28,000 |
| Transferred to finished goods | 29,600 | 28,000 | 29,040 |
| Inventory in process, ending | 1000 | 1000 | 450(1000 × 45%) |
| Total units | 30,600 | 29,000 | 29,490 |
c.
| Cost per equivalent unit | |
| Direct Materials | $9.5(275,500/29,000) |
| Conversion | $4.2(84,600 + 39,258 = 123,858/29,490) |
d.
Cost of units started and completed during the period:
($9.5+$4.2) ×28000
= $383,600
Add Answer to:
A. Total conversion LUSU B. Conversion cost per equivalent unit C. Direct materials cost per equivalent...
Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a...
Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process—Assembly Department Bal., 1,600 units, 35% completed 17,440 To Finished Goods, 29,600 units ? Direct materials, 29,000 units @ $9.50 275,500 Direct labor 84,600 Factory overhead 39,258 Bal. ? units, 45% completed ? Determine the following: a. The number of units...
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process—Assembly Department Bal., 1,600 units, 35% completed 17,440 To Finished Goods, 29,600 units ? Direct materials, 29,000 units @ $9.50 275,500 Direct labor 84,600 Factory overhead 39,258 Bal. ? units, 45% completed ? a. Based on the above data, determine the...
Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...
Cost of Units Completed and in Process
The charges to Work in Process—Assembly Department for a period,
together with information concerning production, are as follows.
All direct materials are placed in process at the beginning of
production.
Work in Process-Assembly Department Bal., 1,600 units, 35% completed 17,4401 To Finished Goods, 29,600 units Direct materials, 29,000 units @ 275,500 $9.50 Direct labor 84,600 Factory overhead 39,2581 Bal. 2 units, 45% completed Cost per equivalent units of $9.50 for Direct Materials and...
Equivalent units of production for direct materials and conversion. If an amount is zero or a...
Equivalent units of
production for direct materials and conversion. If an amount is
zero or a blank, enter in "0".
Work
in Process-Assembly Department
Equivalent Units of Production for Direct Materials and
Conversion Costs
Need help on
Section B
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department...
The cost per equivalent unit of direct materials and conversion in the Bottling Department of Mountain...
The cost per equivalent unit of direct materials and conversion in the Bottling Department of Mountain Springs Water Company is $0.45 and $0.12, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 3,500 Started and completed during the period 57,000 57,000 Transferred out of Bottling (completed) 57,000 60,500 Inventory in process, end of period 3,500 1,800 Total units and costs...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $490,000. The conversion cost for the period in the Rolling Department is $280,600. The total equivalent units for direct materials and conversion are 2,500 tons and 4,600 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: per ton Conversion cost per equivalent unit: per ton Cost of Units Transferred Out and Ending Work...
The costs per equivalent unit of direct materials and conversion in the Bottling Department of Rocky...
The costs per equivalent unit of direct materials and conversion in the Bottling Department of Rocky Springs Beverage Company are $2.55 and $1.4, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 1,700 Started and completed during the period 34,000 34,000 Transferred out of Bottling (completed) 34,000 35,700 Inventory in process, end of period 2,000 800 Total units to be assigned costs 36,000 36,500 The beginning...
Explain how to get cost per equivalent unit of conversion and units started and completed in...
Explain how to get cost per equivalent unit of conversion and
units started and completed in November. FIFO method
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $53,550 of direct materials. ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Nov....
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus...
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $0.75 and $2.65, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 2,000 50,000 Started and completed during October Transferred out of Rolling (completed) Inventory in process, October 31 50,000 50,000 4,000 54,000 52,000 1,600 Total units to be assigned costs 53,600 The beginning work in process inventory on...
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus...
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $2.05 and $0.40, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 2,700 Started and completed during October 54,000 54,000 Transferred out of Rolling (completed) 54,000 56,700 Inventory in process, October 31 4,000 1,600 Total units to be assigned costs 58,000 58,300 The beginning work in process inventory...
Cost of Units Completed and in Process
The charges to Work in Process—Assembly Department for a period,
together with information concerning production, are as follows.
All direct materials are placed in process at the beginning of
production.
Work in Process-Assembly Department Bal., 1,600 units, 35% completed 17,4401 To Finished Goods, 29,600 units Direct materials, 29,000 units @ 275,500 $9.50 Direct labor 84,600 Factory overhead 39,2581 Bal. 2 units, 45% completed Cost per equivalent units of $9.50 for Direct Materials and...
Equivalent units of
production for direct materials and conversion. If an amount is
zero or a blank, enter in "0".
Work
in Process-Assembly Department
Equivalent Units of Production for Direct Materials and
Conversion Costs
Need help on
Section B
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $490,000. The conversion cost for the period in the Rolling Department is $280,600. The total equivalent units for direct materials and conversion are 2,500 tons and 4,600 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: per ton Conversion cost per equivalent unit: per ton Cost of Units Transferred Out and Ending Work...
Explain how to get cost per equivalent unit of conversion and
units started and completed in November. FIFO method
Cost per Equivalent Unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $53,550 of direct materials. ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Nov....
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $0.75 and $2.65, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 2,000 50,000 Started and completed during October Transferred out of Rolling (completed) Inventory in process, October 31 50,000 50,000 4,000 54,000 52,000 1,600 Total units to be assigned costs 53,600 The beginning work in process inventory on...
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $2.05 and $0.40, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, October 1 0 2,700 Started and completed during October 54,000 54,000 Transferred out of Rolling (completed) 54,000 56,700 Inventory in process, October 31 4,000 1,600 Total units to be assigned costs 58,000 58,300 The beginning work in process inventory...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago