Homework Answers
ANSWER. EQUIVALENT UNITS OF PRODUCTION
MATERIAL
JANUARY = $40,900 + $11,400 (100 % COMPLETE ASSUMED)= $52,300
MARCH = $44,300 + $8,400 (100 % COMPLETE ASSUMED) = $52,700
JULY = $46,100 + $21,700 (100 % COMPLETE ASSUMED) = $67,800
CONVERSION COST
JANUARY = $40,900 + ($11,400 *41% COMPLETE) = $45,574
MARCH = $44,300 + ($8,400 * 75% COMPLETE) = $50,600
JULY = $46,100 + ( $21,700 * 20% COMPLETE) = $50,440
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ble eTextbook ment INTROD Brief Exercise 16-04 CALCULATOR FULL Your answer is partially correct. Try again....
Brief Exercise 16-04 Goode Company has the following production data for selected months. Ending Work in...
Brief Exercise 16-04 Goode Company has the following production data for selected months. Ending Work in Process Complete as to Units Conversion Cost Month Beginning Work in Process Units Transferred Out January March July 39,400 41,500 47,100 11,000 8,900 22,000 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process Materials Conversion Costs January March Click if you would like to Show Work for this question: Open Show Work
Exercise 16-13 Your answer is partially correct. Try again. The Welding Department of Healthy Company has...
Exercise 16-13
Your answer is partially correct. Try again.
The Welding Department of Healthy Company has the following
production and manufacturing cost data for February 2017. All
materials are added at the beginning of the process.
Manufacturing Costs
Production Data
Beginning work in process
Beginning work in process
15,200
units, 1/10 complete
Materials
$18,100
Units transferred out
54,700
Conversion costs
14,760
$32,860
Units started
51,000
Materials
220,220
Ending work in process
11,500
units, 1/5 complete
Labor
67,500
Overhead
89,880
Prepare...
Goode Company has the following production data for selected months. Ending Work in Process Month Beginning...
Goode Company has the following production data for selected
months.
Ending
Work in Process
Month
Beginning
Work in Process
Units
Transferred Out
Units
% Complete as to
Conversion Cost
January
0
36,800
10,700
42
%
March
0
42,700
8,500
70
July
0
46,300
21,700
21
Compute equivalent units of production for materials and conversion
costs, assuming materials are entered at the beginning of the
process.
Materials
Conversion Costs
January
March
July
Exercise 16-05 In Shady Company, materials are entered at the beginning of each process. Work in...
Exercise 16-05 In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Work in Process Conversion Units Cost% 0 Month Units Transferred Out Ending Work in Process Conversion Units Cost% 1,800 67 3,400 35 January March 0 12,100 12,300 14,500 12,000 May 0 80 7,290 2,300 July 0 41...
Brief Exercise 17-4 Goode Company has the following production data for selected months. Beginning Work in...
Brief Exercise 17-4 Goode Company has the following production data for selected months. Beginning Work in Process Month January March July Units Transferred Out 36,500 45,600 50,100 Ending Work in Process % Complete as to Units Conversion Cost 13,800 42 % 8,500 72 17,400 20 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July
CALCULATOR PULL SCREEN PRINTER VERSION « BACK NEXT Exercise 3-5 (Video) In Shady Company, materials are...
CALCULATOR PULL SCREEN PRINTER VERSION « BACK NEXT Exercise 3-5 (Video) In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Ending Work in Process Work In Process Conversion Units Conversion Month Units Cost% Transferred Out Units Cost% January 0 3,000 69 March 0 12,200 4,200 33 15,600 7,620...
Brief Exercise 21-4 Your answer is partially correct. Try again. Perine Company has 2,983 pounds of...
Brief Exercise 21-4 Your answer is partially correct. Try again. Perine Company has 2,983 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,520 and 5,720 units, respectively. 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 22% of next month's materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations...
CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION CRACK In Shady Company, materials are entered at...
CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION CRACK In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows Ending Work in Process Beginning Work in Process Conversion Units Costo Month Conversion Cost January Units Transferred Out 11,900 13,100 14,900 11,600 March May Units 3,100 3,700 7,930 2,100 July Compute...
Exercise 21-05 a-b In Sunland Company, materials are entered at the beginning of each process. Work...
Exercise 21-05 a-b In Sunland Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Ending Work in Process Beginning Work in Process Conversion Units Cost% Conversion Month 60 January March May July Units Transferred Out 11,600 12,600 15,100 10,200 Units 1,900 4,100 7,140 1,700 0 Compute the physical units for January...
Exercise 16-14 Your answer is partially correct. Try again. Remington Inc. is contemplating the use of...
Exercise 16-14 Your answer is partially correct. Try again. Remington Inc. is contemplating the use of process costing to track the costs of its operations. The operation consists of three segments (departments): Receiving, Shipping, and Delivery. Containers are received at Remington's docks and sorted according to the ship they will be carried on. The containers are loaded onto a ship, which carries them to the appropriate port of destination. The containers are then off-loaded and delivered to the Receiving Department....
Brief Exercise 16-04 Goode Company has the following production data for selected months. Ending Work in Process Complete as to Units Conversion Cost Month Beginning Work in Process Units Transferred Out January March July 39,400 41,500 47,100 11,000 8,900 22,000 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process Materials Conversion Costs January March Click if you would like to Show Work for this question: Open Show Work
Exercise 16-13
Your answer is partially correct. Try again.
The Welding Department of Healthy Company has the following
production and manufacturing cost data for February 2017. All
materials are added at the beginning of the process.
Manufacturing Costs
Production Data
Beginning work in process
Beginning work in process
15,200
units, 1/10 complete
Materials
$18,100
Units transferred out
54,700
Conversion costs
14,760
$32,860
Units started
51,000
Materials
220,220
Ending work in process
11,500
units, 1/5 complete
Labor
67,500
Overhead
89,880
Prepare...
Goode Company has the following production data for selected
months.
Ending
Work in Process
Month
Beginning
Work in Process
Units
Transferred Out
Units
% Complete as to
Conversion Cost
January
0
36,800
10,700
42
%
March
0
42,700
8,500
70
July
0
46,300
21,700
21
Compute equivalent units of production for materials and conversion
costs, assuming materials are entered at the beginning of the
process.
Materials
Conversion Costs
January
March
July
Exercise 16-05 In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Work in Process Conversion Units Cost% 0 Month Units Transferred Out Ending Work in Process Conversion Units Cost% 1,800 67 3,400 35 January March 0 12,100 12,300 14,500 12,000 May 0 80 7,290 2,300 July 0 41...
Brief Exercise 17-4 Goode Company has the following production data for selected months. Beginning Work in Process Month January March July Units Transferred Out 36,500 45,600 50,100 Ending Work in Process % Complete as to Units Conversion Cost 13,800 42 % 8,500 72 17,400 20 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July
CALCULATOR PULL SCREEN PRINTER VERSION « BACK NEXT Exercise 3-5 (Video) In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Ending Work in Process Work In Process Conversion Units Conversion Month Units Cost% Transferred Out Units Cost% January 0 3,000 69 March 0 12,200 4,200 33 15,600 7,620...
Brief Exercise 21-4 Your answer is partially correct. Try again. Perine Company has 2,983 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,520 and 5,720 units, respectively. 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 22% of next month's materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations...
CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION CRACK In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows Ending Work in Process Beginning Work in Process Conversion Units Costo Month Conversion Cost January Units Transferred Out 11,900 13,100 14,900 11,600 March May Units 3,100 3,700 7,930 2,100 July Compute...
Exercise 21-05 a-b In Sunland Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Ending Work in Process Beginning Work in Process Conversion Units Cost% Conversion Month 60 January March May July Units Transferred Out 11,600 12,600 15,100 10,200 Units 1,900 4,100 7,140 1,700 0 Compute the physical units for January...
Exercise 16-14 Your answer is partially correct. Try again. Remington Inc. is contemplating the use of process costing to track the costs of its operations. The operation consists of three segments (departments): Receiving, Shipping, and Delivery. Containers are received at Remington's docks and sorted according to the ship they will be carried on. The containers are loaded onto a ship, which carries them to the appropriate port of destination. The containers are then off-loaded and delivered to the Receiving Department....
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