| Prior Period Percent | Current Period Percent | |||||
| Production Data | Phsyical Untis | Material | Conversion | Material | Conversion | |
| Beg Units | 8 | 90% | 40% | 10% | 60% | |
| Units Started | 50 | |||||
| Units Completed | 46 | 100% | 100% | |||
| End Units | 12 | 60% | 30% | |||
| Materials | Conversion | |||||
| Costs Data: | ||||||
| Prior Period Costs (BI) | $4,933,600.00 | $910,400.00 | ||||
| Current Costs (Added) | $32,200,000.00 | $13,920,000.00 | ||||
| Equivalent Units (EU) | |||||||
| Materials | Conversion | ||||||
| Units accounted for as follows: | |||||||
| Transferred to Finished Goods: | |||||||
| Completed & transferred out | |||||||
| Work in process, Dec. 31 | |||||||
| Total units accounted for and | |||||||
| equivalent units of production | |||||||
| Equivalent Units (EU) | ||||||||
| Materials | Conversion | |||||||
| Units accounted for as follows: | ||||||||
| Transferred to Finished Goods: | ||||||||
| Completed & transferred out | 46 | (46 x 100%) | 46 | (46 x 100%) | ||||
| Work in process, Dec. 31 | 7.2 | (12 x 60%) | 3.6 | (12 x 30%) | ||||
| Total units accounted for and | ||||||||
| equivalent units of production | ||||||||
Prior Period Percent Current Period Percent Production Data Phsyical Untis Material Conversion Material Conversion Beg Units...
Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and Transferred Out 95,000 Work-In-Process, Ending ? 60% 20% Work-In-Process, Beginning $22,600 $16,600 Costs added during period $133,400 $81,400 Using the weighted average process costing method what is the ending work-in-process physical units? Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and Transferred Out 95,000 Work-In-Process, Ending ? 60% 20% Work-In-Process, Beginning $22,600 $16,600 Costs added during period...
Problem 6-46 FIFO Method; Two Departments [LO 6-2, 6-5, 6-6] Bhatti Company produces plastic photo frames. Two departments, molding and finishing, are involved in the manufacturing. The E molding department fills the molds with hot liquid plastic that is left to cool and then opens them. The finishing department removes the plastic frame from the mold and strips the edges of the frames of extra plastic. The following information is available for the month of January: Work-in-Process Inventory Molding department...
Units Percent Complete 60 % 440 1,120 600 40 % Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct labor Manufacturing overhead $780 620 $1,400 2,028 530 1,010 Answer CLOSE Problem 3-5A (Video) (Part Level Submission) Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units 1,560 1,200 (a2) Your answer is...
Calculate the cost per equivalent unit of material and conversion cost for January - using the Weighted Average Approach Units Materials Conversion Work in process January 1 2,500 50% 35% Work in process January 31 45% 25% Materials cost in work in process January 1 $25,000 Conversion costs in work in process January 1 $10,000 Units started in production 12,000 Units transferred to the next department 8,000 Materials cost added during January $20,000 Conversion costs added during January $7,500 Complete...
Units Percent Complete 60 % 440 1,120 600 40 % Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct labor Manufacturing overhead $780 620 $1,400 2,028 530 1,010 Answer CLOSE Problem 3-5A (Video) (Part Level Submission) Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units 1,560 1,200 (a2) Your answer is...
Equivalent Units of Production Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year are as follows: Drawing Department Winding Department Work in process, November 1 8,200 units, 20% completed 3,800 units, 60% completed Completed and transferred to next processing department during November 112,300 units 110,900 units Work in process, November 30 6,200 units, 60% completed 5,200 units, 20% completed a. If all direct materials are placed in process...
UL U ule pluULUUH process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follows. Percent Units Complete 530 60% 1.320 600 40% Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct labor Manufacturing overhead $720 640 $1,360 2.425 663 1.230 V Your answer is correct Calculate the equivalent...
Exercise 8-41 (Static) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5) 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 (15,000 units, 60% complete with respect to Department T costs) Transferred-in costs (from Department S) $ 116,000 Department T conversion costs 53,150 Current work (35,000 units started) Prior department costs 280,000 Department T costs 209,050 The ending inventory has...
Using the Production Report below, answer this question: How
many units were transfered into this process of
manufacturing, how many units were transfered to the
next process, and what is the cost per unit being transfered?
a. 90,000, 80,000, and $30.36
b. 90,000, 80,000, and $296.07
c. 100,000, 80,000, and $254.96
d. 100,000, 80,000, and $296.07
Kenzie's Cell Phones Finishing Department Production Report (Model 1000) [Weighted Average Method) Quantity Schedule a Equivalent Units Quantity Schedule Unils to be Accounted for:...
Equivalent Units of Production Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year are as follows: Drawing Winding Department Department 6,500 units, 40% 2,600 units, 60% Work in process, November 1 completed completed Completed and transferred to next processing 88,200 units 89,100 units department during November 4,900 units, 50% 3,500 units, 10% Work in process, November 30 completed completed a. If all direct materials are placed in process...