Indigo Company uses weighted-average process costing and adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. Complete the following calculation of equivalent units of production for materials and conversion costs. Phisical Units Materials Convertion Cost Completed and Transferred 48,000 ???? ???? Ending work in process inventory ???? ???? ???? Materials ???? ???? ???? Convertion Cost, 75% complete ???? ???? 14,400 Total Units ???? ???? ????

Indigo Company uses weighted-average process costing and adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. Complete the following calculation of equivalent units of production for materials and conversion costs. Phisical Units Materials Convertion Cost Completed and Transferred 48,000 ???? ???? Ending work in process inventory ???? ???? ???? Materials ???? ???? ???? Convertion Cost, 75% complete ???? ???? 14,400 Total Units ???? ???? ????

Name: Indigo Company uses weighted-average process costing and adds material
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Indigo Company uses weighted-average process costing and adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. Complete the following calculation of equivalent units of production for mater

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 5PA: Materials are added at the beginning of a production process, and ending work in process inventory...

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Materials are added at the beginning of a production process, and ending work in process inventory is 30% complete with respect to conversion costs. Use the information provided to complete a production cost report using the weighted-average method.
The following data show the units in beginning work in process inventory, the number of units started, the number of units transferred, and the percent completion of the ending work in process for conversion. Given that materials are added 50% at the beginning of the process and 50% at the end of the process, what are the equivalent units for material and conversion costs for each quarter using the weighted-average method? Assume that the quarters are independent.
The following data show the units in beginning work in process inventory, the number of units started, the number of units transferred, and the percent completion of the ending work in process for conversion. Given that materials are added at the beginning of the process, what are the equivalent units for material and conversion costs for each quarter using the weighted-average method? Assume that the quarters are independent.
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Please refer to the pictures for parts A and B. Part C is below: Cost Assignment Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion Total Completed and transferred out Ending work in process EUP Cost per EUP Total cost Direct materials $0.00 0.00 Conversion $0.00 0.00 Total costs accounted for Fields Company
Baden Company has gathered the following information. Units in beginning work in process 0 Units started into production 37,000 Units in ending work in process 7,000 Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 4 80 40 % 100 % $73,000 $61,100 $101,100
Homework i Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March. Units Costs Beginning work in process inventory Started 3,000 30,000 Beginning work in process inventory Direct materials $ 3,660 Ending work in process inventory 6,000 Conversion 10,368 Status of ending work in process inventory Direct materials added $ 14,028 194,670 184,620 258,468 Materials-Percent complete 100% Direct labor added Conversion-Percent complete 20% Overhead applied (140% of direct labor) Total costs to account for $651,786 Ending work in process inventory $ 55,356 Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) X Answer is not complete. Total Costs to Account for: Costs of beginning work in process $ Costs incurred this period Total costs to account for: Total costs accounted for Difference due to rounding…
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Materials are added at the beginning of the production process. Conversion costs are added uniformly throughout the production process. Assuming a FIFO flow of costs, what is this company's computed total production cost transferred out during the period?
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Compute cost per equivalent unit of production for both direct materials and conversion. For the first column under "cost per equivalent unit of production" the options are: costs added this period, costs of beginning work in process, costs of ending work in process, costs transfered out. The rest of the empty spaces are numbers

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	Phisical Units	Materials	Convertion Cost
Completed and Transferred	48,000	????	????
Ending work in process inventory	????	????	????
Materials	????	????	????
Convertion Cost, 75% complete	????	????	14,400
Total Units	????	????	????