E5-1Computing equivalent productionCompute the equivalent production (unit output) for the monthfor each of the following situations:Units CompletedDuring MonthStage ofCompletionUnits in Process,End of Monthа.10,0005,0001/2b.22,0004,0003/4C.8,0001,0001/45002/5d.25,0005,0001/25,0003/4е.48,0001,5004/54,0001/4

Name: E5-1Computing equivalent productionCompute the equivalent production
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Description: E5-1Computing equivalent productionCompute the equivalent production (unit output) for the monthfor each of the following situations:Units CompletedDuring MonthStage ofCompletionUnits in Process,End of Monthа.10,0005,0001/2b.22,0004,0003/4C.8,0001,0

Equivalent units: Equivalent unit is the main concept in process costing Equivalent units which…

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Business

Accounting

Compute the equivalent production (unit output) for the month for each of the following situations:

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 15E: Costs per equivalent unit and production costs Based on the data in Exercise 17-14, determine the...

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Problem 1. Compute the equivalent production for the month for each of the following situations: Units Completed During Month Units in Process Stage of Completion End of Month 10,000 26,000 12,000 20,000 5,000 8,000 2,000 6,000 4,000 2,000 3,000 /2 e) 45,000 1/5
2. Alloy Manufacturing Company has the following production data for selected months. Ending WIP Units Transferred Units Month Beginning WIP Percentage Complete 30 to out April May 3000 1000 4000 800 60 Compute the physical units of each department.
Exercise 7-2. Equivalent Unit Computations 1. Increase in Units A company has the following production data: Work in Process, beg - 1,000 units; Units received from preceding dep't - 20,000; units transferred to the next dep't - 29,800, Work in Process, end – 1,200. What is the increase in units resulting from production? 2. Increase in Units An increase of 20% occurs at the start of the process upon addition of materials. Compute for equivalent units of production using (a]FIFO and [b] Average costing considering the information below: Work in Process, beg ( 2/7 done) Preceding Work in Process, end (3/4 done) 7,000 units Received from 20,000 units 9,000 units
Question Content Area Department M had 2,800 units 52% completed in process at the beginning of June, 11,900 units completed during June, and 800 units 25% completed at the end of June. What was the number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories? a. 9,100 units b. 12,900 units c. 10,644 units d. 12,100 units
BE21-4 Bowyer Manufacturing Company has the following production data for selected months. Ending Work in Process Month Beginning Units Units % Complete as Work in Transferred to Conversion Process Out Cost January -0- 30,000 40,000 10,000 40% March -0- 8,000 75 July Compute the physical units for each month. -0- 40,000 16,000 25
Goode Company has the following production data for selected months. EndingWork in Process Month BeginningWork in Process UnitsTransferred Out Units % Complete as toConversion Cost January –0– 40,300 10,300 42 % March –0– 41,800 9,000 75 July –0– 48,800 20,700 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
A Exercise 13: Evaporation - Equivalent Units of Production mag hÃ¸d Compute for the equivalent unii of production in each of the following cases: S inamisaqob sit oraladem 10 No. of days processed Gallons Case A: Evaporation is 12% for 15 days. w lead to 6,136 7 days In process, beg... Placed in process In process, end... 50,000 7,424 9 days Case B: Evaporation is 5% for 20 days. In process, beg 5,335 12 days 30,000 Received from preceding dept. In process, end... 6,545 15 days Case C: Evaporation is 3% for 12 days. dowy .…........... 6,825 10 days 33,950 7,900 (5 days ? In process, beg..........….…..….….….................. Transferred out...... In process, end... Placed in process
5. The following data refer to the units processed by the Grinding Department for a recent month: Beginning WIP 12,000 units Units started 200,000 units Units completed Ending WIP 192,000 units 20,000 units The beginning work-in-process was 60% complete, and the ending work-in-process is 70% complete. What are the EUP for the month? FIFO Average FIFO Average a. 206,000 198,800 с. 206,000 206,000 b. 198,800 206,000 d. 198,800 198,800
Required information [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Beginning work in process inventory Units started this periodi Completed and transferred out Ending work in process inventory Units started and completed Units 240.000 60,000 322,000 300,000 82,000 Direct Materials Percent Complete 60% 80% Conversion Percent Complete 40% (a) Compute the number of units started and completed this period for the first production department. 30%
Case 6-20 Effect of Incorrect Costing across Departments-Weighted-Average Me LO5] Tavia Limited manufactures a plastic gasket that is used in automobile engines. The gaskets go through th Mixing, Forming, and Stamping. The company's accountant (who is very inexperienced) has prepared a su costs for the Forming Department for October, as follows: Work in process inventory, October 1 (10,500 units; materials 100% complete; conversion 7/8 complete) Costs transferred in from the Mixing Department Material added during October (added when processing is 50% complete in the Forming Department) Conversion costs added during October Total departmental costs Forming Department costs assigned to: Units completed and transferred to the Stamping Department (120,000 units at $3.81451 each) Work in process inventory, October 31 (5,500 units, conversion 2/5 complete) Total departmental costs assigned $ 45,045* 148,130 Required: 56,880 207,686 $457,741 $457,741 0 $457,741 *Consists of cost transferred…
5. Peter Senen Manufacturing Company has just completed its production activities for February 2019. The production manager furnished you their data for this month: Department X Department Y Quantity units: In process, February 1 Stage of completion Started in process Received from prior dept. 16,000 4/5 10,000 40% 64,000 70,000 12,000 In process, February 28 Stage of completion ? 2/5 2/3 Costs data: In process, February 1 Current costs P 21,020 P20,300 Materials 28,350 15,300 9,180 46,800 25,200 14,400 Labor Manufacturing Overhead In Department X, material application is described to you as follows: 10% is applied at the start of the process; 25% when the process reaches the mid-point; and the remainder, when the process reaches 85% completion. Labor and Overhead are applied evenly throughout the process. In Department Y, the application of material is described as follows: 20% when the process is '1/4 completed; 30% when the process is '1/2 completed and the balance, at the end of…
D. Was manufacturing overhead under- or overapplied during 20XX? By how much?E. Present the necessary journal entry to handle under- or overapplied manufacturingoverhead at year-end.