| Equivalent Units | |||||||
| Quarter | Beginning WIP | Started | Transferred Out | Ending WIP | Conversion | Material | Conversion |
| 1 | - | 134,150 | 133,250 | 900 | 25% | 134,150 | 133,475 |
| 2 | 525 | 132,591 | 132,491 | 625 | 24% | 133,116 | 132,641 |
| 3 | 338 | 133,247 | 133,425 | 160 | 20% | 133,585 | 133,457 |
| 4 | 491 | 134,841 | 134,432 | 900 | 23% | 135,332 | 134,639 |
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| Units for material costs | 134,150 | 133,116 | 133,585 | 135,332 |
| Units for conversion costs | 133,475 | 132,641 | 133,457 | 134,639 |
The following data show the units in beginning work in process inventory, the number of units...
Chapter 4: Applying Excel Data Beginning work in process inventory: Units in process 200 Completion with respect to materials 100% Completion with respect to conversion 40% Costs in the beginning work in process inventory: Materials cost $2,000 Conversion cost $800 Units started into production during the period 1,800 Costs added to production during the period: Materials cost $18,400 Conversion cost $38,765 Ending work in process inventory: Units in process 100 Completion with respect to materials 100% Completion with respect to...
Wyman Corporation. has the following information for May: Beginning Work in Process Inventory (75% complete as to conversion) 7,500 units Started 27,000 units Ending Work in Process Inventory (15% complete as to conversion) 9,400 units Beginning WIP Inventory Costs: Material $25,500 Conversion 52,725 Current Period Costs: Material $34,300 Conversion 80,845 Note: all material is added at the start of the process and all finished products are transferred out. 1). How many units were transferred out in May? 2) What is...
The following info is given in the previous page: Work in process, beginning Units in process.... Stage of completion with respect to materials ....... Stage of completion with respect to conversion Costs in the beginning inventory: Materials cost..... Conversion cost 400 70% 90% $1,000 $6,000 9,600 9,200 Units started into production during the month. Units completed and transferred out Costs added to production during the month: Materials cost..... Conversion cost ... $200,000 $300,000 Work in process, ending Units in process...
Materials are added at the beginning of a production process, and ending work in process inventory is 20% complete with respect to conversion costs. Use the information provided to complete a production cost report using the weighted average method. Costs to Account For Beginning inventory materials $9.000 Beg i nventory conversion 20.000 Direct material 58.600 Direct labor 74.000 Applied overhead 34520 Total costs to account for $196,120 Units to Account For Beginning work in process 5.000 Units started into production...
Units (Rolls of Wallpaper) Beginning Work in Process Inventory 70 sheets Transferred in from spinning in April 550 sheets Completed during April 480 sheets Ending Work in Process Inventory (80% complete for conversion work) 140 sheets Costs April beginning Dyeing dept. Work in process Inventory $10,700 (costs is made up transferred in $4,000 plus March dyeing materials cost $1,400 & conversion cost $5,300) Transferred in from the spinning dept. in April $23,280 Direct Material Cost added during April $14,100 Conversion...
Fox Corporation has the following information for August: Beginning Work in Process Inventory (70% complete as to conversion) 6,000 units, started 24,000 units, Ending Work in Process Inventory (10% complete as to conversion) 8,500 units. Beginning WIP Inventory Costs: Material $23,400, Conversion $50,607. Current Period Costs: Material $31,500, Conversion $76,956. All material is added at the start of the process and all finished products are transferred out. Refer to Fox Corporation. Assume that FIFO process costing is used. What is...
Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Alpha started into production 10,000 units. At the end of the month there were 5,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 60% complete with respect to conversion. For the month of March the following costs were...
Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Alpha started into production 10,000 units. At the end of the month there were 5,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 60% complete with respect to conversion. For the month of March the following costs were...
Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Alpha started into production 10,000 units. At the end of the month there were 5,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 60% complete with respect to conversion. For the month of March the following costs were...
Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Alpha started into production 10,000 units. At the end of the month there were 5,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 60% complete with respect to conversion. For the month of March the following costs were...