Maynard Inc. manufactures desks. The following data was given
for production in February:
| units, beginning work in process | 0 |
| units started | 200 |
| units completed | ? |
| units, ending work in process (40% complete) | 50 |
How many units were completed?
a.400
b.50
c.200
d.150
e.None of these choices are correct.
Answer:
Option d) is correct. i.e 150 units.
| Units | |
| Beginning Work in process Units | - |
| Add:Units Started | 200 |
| 200 | |
| Less:Ending Work in process Units | 50 |
| Units Completed | 150 |
Maynard Inc. manufactures desks. The following data was given for production in February: units, beginning work...
1. Mannassass Company manufactures chairs. The following information was given for the company: units, beginning work in process 0 units started 20,000 units completed ? units, ending work in process 5,000 cost of direct materials $440,000 cost of conversion $ 64,000 Materials in the ending inventory were 100 percent complete and conversion in the ending inventory was 20 percent complete. What are the equivalent units for materials and conversion respectively? a.20,000; 20,000 b.15,000; 14,000 c.20,000; 16,000 d.15,000; 15,000 e.None of...
The Packaging Department of Patterson Company has the following production data: beginning work process 40,000 units (60% complete), started into production 730,000 units, completed and transferred out 690,000 units, and ending work in process 80,000 units (40% complete). Assuming conversion costs are incurred uniformly during the process, the equivalent units for conversion costs are: a. 722,000. b. 810,000. c. 770,000. d. 650,000. Materials costs of $1,200,000 and conversion costs of $1,530,000 were charged to a processing department in the month...
Pix Company has the following production data for March: no beginning work in process, units started and completed 29,500, and ending work in process 5,100 units that are 100% complete for materials and 40% complete for conversion costs. Pix uses the FIFO method to compute equivalent units. If unit materials cost is $5 and unit conversion cost is $14, determine the costs to be assigned to the units transferred out and the units in ending work in process. The total...
The Molding Department of Crane Company has the following production data: beginning work process 40600 units (70% complete), started into production 740000 units, completed and transferred out 683000 units, and ending work in process 97600 units (30% complete). Assuming all materials are entered at the beginning of the process, equivalent units of production for materials are:
8.
Charlie Chairs Inc., manufactures plastic moldings for car seats. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Data for Department A for February 2017 are: Work in process, beginning inventory, 40% converted 260 units Units started during February 980 units Work in process, ending inventory 200 units Costs for...
Madge Mobiles Inc., manufactures plastic moldings for truck seats. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Data for Department A for February 2019 are: Work in process, beginning inventory, 40% converted 200 units Units started during February 800 units Work in process, ending inventory 100 units...
A process with no beginning work in process, completed and transferred out 7,800 units during a period and had 4,100 units in the ending work in process that were 50% complete. How many units were started into production? 9,850 8,000 2,050 11,900
Pix Company has the following production data for March: no beginning work in process, units started and completed 33,000, and ending work in process 5,900 units that are 100% complete for materials and 40% complete for conversion costs. Pix uses the FIFO method to compute equivalent units. If unit materials cost is $5 and unit conversion cost is $11. The total costs to be assigned are $583,460, prepare the cost section of the production cost report for Pix Company using...
Sunland Company has the following production data for March: no beginning work in process, units started and completed 32,000, and ending work in process 3,200 units that are 100% complete for materials and 40% complete for conversion costs. Sunland uses the FIFO method to compute equivalent units. If unit materials cost is $4 and unit conversion cost is $13. The total costs to be assigned are $573,440, prepare the cost section of the production cost report for Sunland Company using...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 29,000, and
ending work in process 5,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $5
and unit conversion cost is $15. The total costs to be assigned are
$638,300, prepare the cost section of the production cost report
for Pix Company using...