Homework Answers
Answer-1-unit cost=$278,000/ 75,600 units
=$3.68
2-cost of ending WIP=21,600*$3.68 =$79,488
Cost of units transferred out=54,000*$3.68=$198,720
3-3. Cassien is using the weighted average method for computing the unit costs. Thus, the unit cost for Jue will be a mix of May and June costs. May costs will not show the cost savings and therefore the June unit cost will be greater than expected.
Add Answer to:
Cassien Inc, manufactures products that pass through two or more processes. During June, equivalent units were...
Weighted Average Method, Unit Cost, Valuing Inventories Cassien Inc. manufactures products that pass through two or...
Weighted Average Method, Unit Cost, Valuing Inventories Cassien Inc. manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method: Units completed 74,000 Units in EWIP X Fraction complete (36,000 X 60%) 21,600 Equivalent units of output 95,600 June's costs to account for are as follows: BWIP (10,000 units, 80% complete) $50,000 Materials 90,000 Conversion costs 91,000 Total $231,000 Required: 1. Calculate the unit cost for June using the weighted average...
Prpure Exercise 6-35 Weighted Cassien Inc. manufactures ted Average Method, Unit Cost, Valuing Inventories roducts that...
Prpure Exercise 6-35 Weighted Cassien Inc. manufactures ted Average Method, Unit Cost, Valuing Inventories roducts that pass through Inc. manura computed using the weighted average method: two or more processes. During June, OBJECTIVE aquivalent units were Units completed ts in EWIP X Fraction complete (36,000 x 60%) Equivalent units of output 53,400 21,600 75,000 e's costs to account for are as follows: Jun BWIP ( 10,000 units, 80% complete) Materials Conversion costs S 50,000 90,000 34,000 $174,000 Total Required iculate...
QUESTION 1 Equivalent Units, No Beginning Work in Process Frankle Manufacturing produces cylinders used in internal...
QUESTION 1 Equivalent Units, No Beginning Work in Process Frankle Manufacturing produces cylinders used in internal combustion engines. During June, Frankle’s welding department had the following data: Units in BWIP — Units completed 47,000 Units in EWIP (40% complete) 5,600 Required: Calculate June's output for the welding department in equivalent units of production. units QUESTION 2 Unit Cost, Valuing Goods Transferred Out and EWIP During April, the grinding department of Tranx Inc. completed and transferred out 312,000 units. At the...
Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process The blending...
Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process The blending department had the following data for the month of March: Units in BWIP Units completed 21,600 Units in EWIP (10% complete) 2,250 Total manufacturing costs $87,300 Required: 1. What is the output in equivalent units for March? equivalent units 2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent. per unit 3. Compute the cost of goods...
Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the...
Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials Conversion Costs Units completed 46,000 46,000 Add: Units in ending work in process × Percentage complete: 10,000 × 100% direct materials 10,000 — 10,000 × 40% conversion materials — 4,000 Eqivalent units of output 56,000 50,000 Costs: Work in process, December 1: Direct materials $66,000 Conversion costs 11,000 Total...
Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost...
Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials Conversion Costs Units completed 46,000 46,000 Add: Units in ending work in process × Percentage complete: 10,000 × 100% direct materials 10,000 — 10,000 × 40% conversion materials — 4,000 Eqivalent units of output 56,000 50,000 Costs: Work in process, December 1: Direct materials...
Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost...
Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials Conversion Costs Units completed 40,000 40,000 Add: Units in ending work in process × Percentage complete: 10,000 × 100% direct materials 10,000 — 10,000 × 40% conversion materials — 4,000 Eqivalent units of output 50,000 44,000 Costs: Work in process, December 1: Direct materials $62,000 Conversion costs 12,000 Total...
Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost...
Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials Conversion Costs Units completed 46,000 46,000 Add: Units in ending work in process × Percentage complete: 10,000 × 100% direct materials 10,000 — 10,000 × 40% conversion materials — 4,000 Eqivalent units of output 56,000 50,000 Costs: Work in process, December 1: Direct materials...
Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost...
Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials Conversion Costs Units completed 45,000 45,000 Add: Units in ending work in process x Percentage complete: 10,000 ~ 100% direct materials 10,000 10,000 x 45% conversion materials 4,500 Eqivalent units of output 55,000 49,500 Costs: Work in process, December 1: Direct materials $66,000 Conversion costs 14,000 Total work in...
s Transferred Out and Ending Work in Process Units in BWIP Units completed Units in EWIP...
s Transferred Out and Ending Work in Process Units in BWIP Units completed Units in EWIP (20% complete) Total manufacturing costs 21,600 2,250 $110,250 Required 1. What is the output in equivalent units for March? equivalent units 2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent. per unit 3. Compute the cost of goods transferred out for March. 4. Calculate the value of March's EWIP
Prpure Exercise 6-35 Weighted Cassien Inc. manufactures ted Average Method, Unit Cost, Valuing Inventories roducts that pass through Inc. manura computed using the weighted average method: two or more processes. During June, OBJECTIVE aquivalent units were Units completed ts in EWIP X Fraction complete (36,000 x 60%) Equivalent units of output 53,400 21,600 75,000 e's costs to account for are as follows: Jun BWIP ( 10,000 units, 80% complete) Materials Conversion costs S 50,000 90,000 34,000 $174,000 Total Required iculate...
Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process The blending department had the following data for the month of March: Units in BWIP Units completed 21,600 Units in EWIP (10% complete) 2,250 Total manufacturing costs $87,300 Required: 1. What is the output in equivalent units for March? equivalent units 2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent. per unit 3. Compute the cost of goods...
Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials Conversion Costs Units completed 45,000 45,000 Add: Units in ending work in process x Percentage complete: 10,000 ~ 100% direct materials 10,000 10,000 x 45% conversion materials 4,500 Eqivalent units of output 55,000 49,500 Costs: Work in process, December 1: Direct materials $66,000 Conversion costs 14,000 Total work in...
s Transferred Out and Ending Work in Process Units in BWIP Units completed Units in EWIP (20% complete) Total manufacturing costs 21,600 2,250 $110,250 Required 1. What is the output in equivalent units for March? equivalent units 2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent. per unit 3. Compute the cost of goods transferred out for March. 4. Calculate the value of March's EWIP
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago