On September 30, the Drying Department of Tea Works had Work-in-Process Inventory that was 25% complete...
On September 30, the Drying Department of Tea Works had Work-in-Process Inventory that was 25% complete for materials and 20% complete for conversion costs. This means that for the ending inventory, ________ % of materials and ________ % of the conversion costs were added during September.
a. 75; 80
b. 25; 20
c. 80; 75
d. 20; 25
Homework Answers
Answer
b)correct option is option 'b' .The percentage of completion of work in progrss indicate how much material is added and how much other costs (conversion costs) consumed during that period.
Step-by-Step Explanation:
1. Understand the Problem:
Work-in-Process (WIP) Inventory on September 30 is:
25% complete for materials → 25% of materials are already in the WIP.
20% complete for conversion costs → 20% of labor/overhead costs are already in the WIP.
2. What Was Added in September?
The question asks for the percentage of materials and conversion costs added during September.
For Materials:
If the WIP is 25% complete, then 75% more (100% - 25%) was added in September.
For Conversion Costs:
If the WIP is 20% complete, then 80% more (100% - 20%) was added in September.
3. Why Not the Other Options?
b. 25; 20: This is the completion percentage, not what was added.
c. 80; 75: Swaps the percentages (incorrect logic).
d. 20; 25: Misinterprets the question (uses completion % again).
4. Key Takeaway:
Completion % tells you what’s already done.
Added % = 100% - Completion %.
Example to Visualize:
Imagine a cake that’s 25% baked (materials) and 20% decorated (conversion costs) at the start of September. To finish it, you’d need:
75% more baking (materials added).
80% more decorating (conversion costs added).
Thus, the answer is clearly (a) 75; 80.
Answer:
The correct answer is a. 75; 80.
75% of materials and 80% of conversion costs were added during
Add Answer to:
On September 30, the Drying Department of Tea Works had
Work-in-Process Inventory that was 25% complete...
In the month of September, a department had 40,000 units in beginning work in process that...
In the month of September, a department had 40,000 units in beginning work in process that were 60% complete. During September, 100,000 units were transferred into production from another department. At the end of September there were 25,000 units in ending work in process that were 20% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. How many units were transferred out of the process in September? A) 115,000 B)140,000...
1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40%...
1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40% complete for materials and 60% complete for conversion costs. This means that for the beginning inventory __ _% of the materials and _ _% of the conversion costs were added during April. b. On April 30, the Prepping Department ending Work-in-Process Inventory was 40% complete for materials and 45% complete for conversion costs. This means that for the ending inventory _ _% of the...
The Assembly Department of Great Motors began September with no work in process inventory. During the...
The Assembly Department of Great Motors began September with no work in process inventory. During the month, production that cost $35,282 (direct materials, $8,242, and conversion costs, $27,040) was started on 23,000 units. Great completed and transferred to the Testing Department a total of 12,000 units. The ending work in process inventory was 35 % complete as to direct materials and 80% complete as to conversion work Read the reauirements Requirement 1. Compute the equivalent units for direct materials and...
The Assembly Department of Value Motors began September with no work in process inventory. During the...
The Assembly Department of Value Motors began September with no work in process inventory. During the month, production that cost $62,634 (direct materials, $13,674, and conversion costs, $48,960) was started on 30,000 units. Value completed and transferred to the Testing Department a total of 24,000 units. The ending work in process inventory was 30% complete as to direct materials and 80% complete as to conversion work. Requirement 1. Compute the equivalent units for direct materials and conversion costs. Assembly Department...
1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40%...
1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40% complete for materials and 60% complete for conversion costs. This means that for the beginning inventory __ % of the materials and_ _% of the conversion costs were added during April. b. On April 30, the Prepping Department ending Work-in-Process Inventory was 40% complete for materials and 45% complete for conversion costs. This means that for the ending inventory __ _% of the materials...
The Finishing Department had 6,900 incomplete units in its beginning Work-in-Process Inventory which were 100% complete...
The Finishing Department had 6,900 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 18,800 units were received from the previous department. The ending Work-in-Process Inventory consisted of 3,900 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first in, first-out (FIFO) process costing 0.25 What are the equivalent units of production for the conversion costs during the...
do all 3 C) job costing report D) equivalent units report 20) 20) During September, the...
do all 3
C) job costing report D) equivalent units report 20) 20) During September, the Filtering Department of Olive Inc. had beginning transferred in units of 400 units with costs of $80,000. During the month, 800 units were transferred in from the Milling Department with costs of $200,000. It had 400 units in ending Work-in-Process Inventory. What is the cost per equivalent unit of production for the transferred in units transferred to the Finishing Department in September under the...
The Finishing Department had 5,500 incomplete units in its beginning Work-in-Process Inventory which were 100% complete...
The Finishing Department had 5,500 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 16,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,500 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. How many units were started and completed during the period? Multiple Choice 13,000. 21,500. 19,000....
Chapter 16 Process Costing and Analysis A production department in a process manufacturing system complete...
Chapter 16 Process Costing and Analysis A production department in a process manufacturing system completed its work on 80,000 units of product and transferred them to the next department during a recent period. Of these units, 24,000 were in process W at the beginning of the period. The other 56,000 units were started and completed during the period. At C period-end, 16,000 units were in process. Compute the production department's equivalent units of produc- C tion for direct materials under...
The Assembly Department of Best Motors began September with no work in process inventory. During the...
The Assembly Department of Best Motors began September with no work in process inventory. During the month, production that cost $64,434 (direct materials, $12,954, and conversion costs, $51,480) was started on 31,000 units. Best completed and transferred to the Testing Department a total of 23,000 units. The ending work in process inventory was 30% complete as to direct materials and 70% complete as to conversion work. Read the requirements. Requirement 1. Compute the equivalent units for direct materials and conversion...
1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40% complete for materials and 60% complete for conversion costs. This means that for the beginning inventory __ _% of the materials and _ _% of the conversion costs were added during April. b. On April 30, the Prepping Department ending Work-in-Process Inventory was 40% complete for materials and 45% complete for conversion costs. This means that for the ending inventory _ _% of the...
The Assembly Department of Great Motors began September with no work in process inventory. During the month, production that cost $35,282 (direct materials, $8,242, and conversion costs, $27,040) was started on 23,000 units. Great completed and transferred to the Testing Department a total of 12,000 units. The ending work in process inventory was 35 % complete as to direct materials and 80% complete as to conversion work Read the reauirements Requirement 1. Compute the equivalent units for direct materials and...
The Assembly Department of Value Motors began September with no work in process inventory. During the month, production that cost $62,634 (direct materials, $13,674, and conversion costs, $48,960) was started on 30,000 units. Value completed and transferred to the Testing Department a total of 24,000 units. The ending work in process inventory was 30% complete as to direct materials and 80% complete as to conversion work. Requirement 1. Compute the equivalent units for direct materials and conversion costs. Assembly Department...
1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40% complete for materials and 60% complete for conversion costs. This means that for the beginning inventory __ % of the materials and_ _% of the conversion costs were added during April. b. On April 30, the Prepping Department ending Work-in-Process Inventory was 40% complete for materials and 45% complete for conversion costs. This means that for the ending inventory __ _% of the materials...
The Finishing Department had 6,900 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 18,800 units were received from the previous department. The ending Work-in-Process Inventory consisted of 3,900 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first in, first-out (FIFO) process costing 0.25 What are the equivalent units of production for the conversion costs during the...
do all 3
C) job costing report D) equivalent units report 20) 20) During September, the Filtering Department of Olive Inc. had beginning transferred in units of 400 units with costs of $80,000. During the month, 800 units were transferred in from the Milling Department with costs of $200,000. It had 400 units in ending Work-in-Process Inventory. What is the cost per equivalent unit of production for the transferred in units transferred to the Finishing Department in September under the...
Chapter 16 Process Costing and Analysis A production department in a process manufacturing system completed its work on 80,000 units of product and transferred them to the next department during a recent period. Of these units, 24,000 were in process W at the beginning of the period. The other 56,000 units were started and completed during the period. At C period-end, 16,000 units were in process. Compute the production department's equivalent units of produc- C tion for direct materials under...
The Assembly Department of Best Motors began September with no work in process inventory. During the month, production that cost $64,434 (direct materials, $12,954, and conversion costs, $51,480) was started on 31,000 units. Best completed and transferred to the Testing Department a total of 23,000 units. The ending work in process inventory was 30% complete as to direct materials and 70% complete as to conversion work. Read the requirements. Requirement 1. Compute the equivalent units for direct materials and conversion...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago