Homework Answers
1. Stock of equivalent units of Raw Materials in all inventories:
| Fabrication Dept | 300*1/3 | 100 |
| Assembly dept | 1000 | |
| Packing dept | 100 | |
| Shipping dept | 400 | |
| 1600 |
2. Stock of equivalent units of fabrication dept. direct labor in all inventories:
| Fabrication Dept | 300*1/2 | 150 |
| Assembly dept | 1000 | |
| Packing dept | 100 | |
| Shipping dept | 400 | |
| 1650 |
3. Stock of equivalent units of packaging materials in all inventories:
| Packing dept | 3/4*100 | 75 |
| Shipping dept | 400 | |
| 475 |
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8. Computation of Equivalent Production: Pietra - Gonatas, Inc. uses process...
plz solve step by step 3. Cost of Production Report: Brooks Inc. uses process costing. The...
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3. Cost of Production Report: Brooks Inc. uses process costing. The costs for Department 2 for April were: $20,000 Cost from preceding department Cost added by department: Materials Labor Factory overhead (FOH) $21,816 7,776 4,104 33,696 The following information was obtained from the department's quantity schedule: Units received 5,000 Units transferred out 4,000 Units still in process 1,000 The degree of completion of the work in process as to costs originating in department 2 was:...
plz solve step by step 4. Equivalent Units of Production: During April, 20,000 units were transferred...
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4. Equivalent Units of Production: During April, 20,000 units were transferred in from department A at a cost of $39,000. Materials cost of $6,500 and conversion cost of $9,000 were added in department B. On April 30, department B had 5,000 units of work in process 60% complete as to conversion as costs. Materials are added in the beginning of the process in department B. Required: 1. Equivalent units of production calculation. 2. The cost...
plz solve step by step 1. Cost of Production Report: A company's Department 2 costs for...
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1. Cost of Production Report: A company's Department 2 costs for June were: $16320 Cost from Department 1 Cost added in Department 2: Materials Labor Factory overhead (FOH) 43,415 56,100 58,575 The quantity schedule shows 12,000 units were received during the month from Department 1; 7,000 units were transferred to finished goods; and 5,000 units in process at the end of June were 50% complete as to materials cost and 25% complete as to conversion...
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., 9,000 units, 40% completed 72,360 To Finished Goods, 41,500 units Direct materials, 40,000 units @ $6.80 272,000 Direct labor 80,000 Factory overhead 40,450 Bal., ? units, 30% completed Determine the following: a. The number of units in work...
Hatch Company produces a product that passes through three processes: Fabrication, Assembly, and Finishing. All manufacturing...
Hatch Company produces a product that passes through three processes: Fabrication, Assembly, and Finishing. All manufacturing costs are added uniformly for all processes. The following information was obtained for the Fabrication Department for December: Work in process, June 1, had 90,000 units (40 percent completed) and the following costs: Direct materials $ 72,720 Direct labor 108,000 Overhead 36,000 During the month of June, 180,000 units were completed and transferred to the Assembly Department, and the following costs were added to production:...
plz solve step by step 5. Costing of Units Transferred Out; Abnormal Loss During February, the...
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5. Costing of Units Transferred Out; Abnormal Loss During February, the Assembly department received 60,000 units from Cutting department at a unit cost of $3.54. Costs added in the Assembly department were: materials, $41,650; labor, $101,700; and factory overhead. $56,500. There was no beginning inventory. Of the 60,000 units received, 50,000 were transferred out; 9,000 units were in process at the end of the month (all materials, 2/3 converted); 1,000 lost units were 1/2 complete...
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., 9,000 units, 40% completed 72,360 To Finished Goods, 41,500 units ? Direct materials, 40,000 units @ $6.80 272,000 Direct labor 80,000 Factory overhead 40,450 Bal., ? units, 30% completed ? Determine the following: a. The number of units...
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., 9,000 units, 40% completed 72,360 To Finished Goods, 41,500 units ? Direct materials, 40,000 units @ $6.80 272,000 Direct labor 80,000 Factory overhead 40,450 Bal., ? units, 30% completed ? Determine the following: a. The number of units...
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., 9,000 units, 40% completed 72,360 To Finished Goods, 41,500 units Direct materials, 40,000 units @ $6.80 272,000 Direct labor 80,000 Factory overhead 40,450 Bal., ? units, 30% completed Determine the following: a. The number of units in work...
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Departme...
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 pro production. Work in Process-Assembly Department Bal., 6,000 units, 55% completed Direct materials, 141,000 units $1.3 Direct labor Factory overhead Bal, 2 units, 40% completed 19,350 183,300 To Finished Goods, 138,000 units 378,400 147,140 Determine the following a. The number of units in work in process inventory at the...
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3. Cost of Production Report: Brooks Inc. uses process costing. The costs for Department 2 for April were: $20,000 Cost from preceding department Cost added by department: Materials Labor Factory overhead (FOH) $21,816 7,776 4,104 33,696 The following information was obtained from the department's quantity schedule: Units received 5,000 Units transferred out 4,000 Units still in process 1,000 The degree of completion of the work in process as to costs originating in department 2 was:...
plz solve step by step
4. Equivalent Units of Production: During April, 20,000 units were transferred in from department A at a cost of $39,000. Materials cost of $6,500 and conversion cost of $9,000 were added in department B. On April 30, department B had 5,000 units of work in process 60% complete as to conversion as costs. Materials are added in the beginning of the process in department B. Required: 1. Equivalent units of production calculation. 2. The cost...
plz solve step by step
1. Cost of Production Report: A company's Department 2 costs for June were: $16320 Cost from Department 1 Cost added in Department 2: Materials Labor Factory overhead (FOH) 43,415 56,100 58,575 The quantity schedule shows 12,000 units were received during the month from Department 1; 7,000 units were transferred to finished goods; and 5,000 units in process at the end of June were 50% complete as to materials cost and 25% complete as to conversion...
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., 9,000 units, 40% completed 72,360 To Finished Goods, 41,500 units Direct materials, 40,000 units @ $6.80 272,000 Direct labor 80,000 Factory overhead 40,450 Bal., ? units, 30% completed Determine the following: a. The number of units in work...
plz solve step by step
5. Costing of Units Transferred Out; Abnormal Loss During February, the Assembly department received 60,000 units from Cutting department at a unit cost of $3.54. Costs added in the Assembly department were: materials, $41,650; labor, $101,700; and factory overhead. $56,500. There was no beginning inventory. Of the 60,000 units received, 50,000 were transferred out; 9,000 units were in process at the end of the month (all materials, 2/3 converted); 1,000 lost units were 1/2 complete...
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., 9,000 units, 40% completed 72,360 To Finished Goods, 41,500 units Direct materials, 40,000 units @ $6.80 272,000 Direct labor 80,000 Factory overhead 40,450 Bal., ? units, 30% completed Determine the following: a. The number of units in work...
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 pro production. Work in Process-Assembly Department Bal., 6,000 units, 55% completed Direct materials, 141,000 units $1.3 Direct labor Factory overhead Bal, 2 units, 40% completed 19,350 183,300 To Finished Goods, 138,000 units 378,400 147,140 Determine the following a. The number of units in work in process inventory at the...
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