Physical Flow Schedule Golding Inc. just finished its second month of operations. Golding mass-produces integrated circuits....
Physical Flow Schedule
Golding Inc. just finished its second month of operations. Golding mass-produces integrated circuits. The following production information is provided for December:
| Units in process, December 1, 80% complete | 90,000 |
| Units completed and transferred out | 490,000 |
| Units in process, December 31, 60% complete | 67,500 |
Required:
Prepare a physical flow schedule.
| Golding Inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Physical Flow Schedule | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| for December | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Physical flow schedule: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Units in beginning WIP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Units started | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total units to account for | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Units completed and transferred out: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Units started and completed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Units completed from beginning WIP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Units in ending WIP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total units accounted for |
Physical Flow Schedule Golding Inc. just finished its second month of operations. Golding mass-produces integrated circuits. The following production information is provided for December:
Required: Prepare a physical flow schedule.
|
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Homework Answers
Prepare a physical flow schedule.
| Golding Inc. | ||
| Physical Flow Schedule | ||
| for December | ||
| Physical flow schedule: | ||
| Units in beginning WIP | 90000 | |
| Units started | 467500 | |
| Total units to account for | 557500 | |
| Units completed and transferred out: | ||
| Units started and completed | 400000 | |
| Units completed from beginning WIP | 90000 | 490000 |
| Units in ending WIP | 67500 | |
| Total units accounted for | 557500 | |
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Physical Flow Schedule
Golding Inc. just finished its second month of operations.
Golding mass-produces integrated circuits....
Physical Flow Schedule Golding Inc. just finished its second month of operations. Golding mass-produces integrated circuits....
Physical Flow Schedule Golding Inc. just finished its second month of operations. Golding mass-produces integrated circuits. The following production information is provided for December: Units in process, December 1, 80% complete 140,000 Units completed and transferred out 450,000 Units in process, December 31, 60% complete 105,000 Required: Prepare a physical flow schedule. Golding Inc. Physical Flow Schedule for December Physical flow schedule: Units in beginning WIP 140,000 Units started 180,000 х Total units to account for 590,000 X Units completed...
Physical Flow Schedule Golding Inc. just finished its second month of operations. Golding mass-produces integrated circuits....
Physical Flow Schedule Golding Inc. just finished its second month of operations. Golding mass-produces integrated circuits. The following production information is provided for December: Units in process, December 1, 80% complete 110,000 Units completed and transferred out 530,000 Units in process, December 31, 60% complete 82,500 Required: Prepare a physical flow schedule.
Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes...
Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: All materials are added at the beginning of the process. Beginning work in process had 81,400 units, 30 percent complete with respect to conversion costs. Ending work in process had 12,100 units, 25 percent complete with respect to conversion costs. Started in process, 110,000 units. Required: 1....
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26 Physical Flow Schedule The following information was obtained for the grinding department of Harlan Company...
26
Physical Flow Schedule The following information was obtained for the grinding department of Harlan Company for May: a. BWIP had 91,500 units, 30% complete with respect to manufacturing costs. b. EWIP had 25,200 units, 25% complete with respect to manufacturing costs. c. Started 99,000 units in May. Prepare a physical flow schedule. Harlan Company Physical Flow Schedule For the Month of May Units to account for: Units in beginning work in process Units started during the period Total units...
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Lansing, Inc. provides the following information for one of its department’s operations for June (no new material is add...
Lansing, Inc. provides the following information for one of its
department’s operations for June (no new material is added in
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WIP inventory—Department T
Beginning inventory (8,200 units, 20% complete with respect to
Department T costs)
Transferred-in costs (from Department S)
$
35,830
Department T conversion costs
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Current work (18,900 units started)
Prior department costs
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Department T costs
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Physical Flow Schedule Golding Inc. just finished its second month of operations. Golding mass-produces integrated circuits. The following production information is provided for December: Units in process, December 1, 80% complete 140,000 Units completed and transferred out 450,000 Units in process, December 31, 60% complete 105,000 Required: Prepare a physical flow schedule. Golding Inc. Physical Flow Schedule for December Physical flow schedule: Units in beginning WIP 140,000 Units started 180,000 х Total units to account for 590,000 X Units completed...
Powers Inc. produces a protein drink. The product is sold by the gallon. The company has two departments: Mixing and Bottling. For August, the bottling department had 67,500 gallons in beginning inventory (with transferred-in costs of $283,000) and completed 202,000 gallons during the month. Further, the mixing department completed and transferred out 257,000 gallons at a cost of $612,000 in August. Required: 1. Prepare a physical flow schedule for the bottling department. Powers Inc. Physical Flow Schedule - Bottling Department...
26
Physical Flow Schedule The following information was obtained for the grinding department of Harlan Company for May: a. BWIP had 91,500 units, 30% complete with respect to manufacturing costs. b. EWIP had 25,200 units, 25% complete with respect to manufacturing costs. c. Started 99,000 units in May. Prepare a physical flow schedule. Harlan Company Physical Flow Schedule For the Month of May Units to account for: Units in beginning work in process Units started during the period Total units...
Physical Flow Schedule The following information was obtained for the grinding department of Harlan Company for May: a. BWIP had 108,000 units, 30% complete with respect to manufacturing costs. b. EWIP had 25,200 units, 25% complete with respect to manufacturing costs. C. Started 99,000 units in May. Required: Prepare a physical flow schedule. Harlan Company Physical Flow Schedule For the Month of May Units to account for: Units in beginning work in process 108,000 Units started during the period 99,000...
Lansing, Inc. provides the following information for one of its
department’s operations for June (no new material is added in
Department T).
WIP inventory—Department T
Beginning inventory (8,200 units, 20% complete with respect to
Department T costs)
Transferred-in costs (from Department S)
$
35,830
Department T conversion costs
8,930
Current work (18,900 units started)
Prior department costs
88,830
Department T costs
167,020
The ending inventory has 3,200 units, which are 50 percent
complete with respect to Department T costs and...
Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T): WIP inventory- Department T Beginning inventory (7,800 units, 25% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (18,100 units started) Prior department costs Department T costs 30,950 11,200 77,830 157,850 The ending inventory has 2,800 units, which are 50 percent complete with respect to Department T costs and...
Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). WIP inventory-Department T Beginning inventory (8,600 units, 208 complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (19,700 units started) Prior department costs Department costs $ 41,030 11, 110 100, 470 198.240 The ending inventory has 3,600 units, which are 50 percent complete with respect to Department T costs...
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