A company started the month with 8,322 units in work in process inventory. It started 23,133 units and had an ending inventory of 9,325. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period? Units transferred out

A company started the month with 8,322 units in work in process inventory. It started 23,133 units and had an ending inventory of 9,325. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period? Units transferred out

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The Assembly Department started the month with 25,400 units in its beginning work in process inventory An additional 310,400 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 30,400 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month? Multiple Choice 366,200 335,800 305,400 315,400
Hardev
Can you please check my work
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 52,000 were in process in the production department at the beginning of April, and 210,000 were started and completed in April. April's beginning inventory units were 40% complete with respect to materials and 60% complete with respect to labor. At the end of April, 58,000 additional units were in process in the production department and were 70% complete with respect to materials and 50% complete with respect to labor. Compute the number of units transferred to finished goods.
The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): Materials Conversion Beginning work in process (26,000 units): Percentage complete with respect to 100 % 20% Costs $ 83,600 $ 18, 636 Ending work in process (42,000 units): Percentage complete with respect to 100 % 60% Costs ? ? ? ? The Remington Plant started 216,000 units and transferred out 200,000 in July. Materials costs incurred in July were $594,000 and conversion costs were $979,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the FIFO method.
Waling-waling Company had 6,400 units of work-in-process inventory in department A on October 1, 2022. These units were 60% complete as to conversion. Direct materials are added at the beginning of the process. During the month of October, 27,200 units were started and 28,800 units were completed. Waling-Waling had 4,800 units of work-in-process inventory on October 31, 2022. These units were 20% incomplete as to conversion cost. 1.) By how much did the conversion cost EUP for the month of October using average method exceed the conversion EUP for the same month using FIFO method? 2.) By how much did the direct materials EUP for the month of October using average method exceed the direct materials EUP for the same month using FIFO method?
A company has 1,900 units in ending work in process that are 30% complete after transferring out 12,000 units. All materials are added at the beginning of the process. If the cost per unit is $3 for materials and $7 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method? Cost of units transferred out Ending work in process inventory $
At the start of June, the Polishing Department of Corona Counters, Inc. had 15,000 units in beginning inventory. During the month, it received 25,000 units from the Machining Department. It started and completed 17,000 units and transferred 32,000 units to the Packaging Department. It had 8,000 units in ending Work-in-Process Inventory. Direct materials are added at the beginning of the process. Units in beginning Work-in-Process Inventory were 50% complete in respect to conversion costs. Units in ending Work-in-Process Inventory were 40% complete with respect to conversion costs. Prepare the production cost report for the Polishing Department for the equivalent units of production for the month of June. Use the FIFO method.
Following is information about the assembly department of a company: 1. There were 203,700 units in work in process inventory on August 1. With respect to units transferred in, 100% were complete and costs incurred amounted to $126,500. With respect to conversion, 80% of the units were complete and costs incurred amounted to $56,200. 2. 513,400 units were transferred in from the cutting department during August. 3. 586,100 units were completed during August and transferred to the finished goods inventory. 4. During August, costs incurred were as follows: $511,719 for units transferred in from cutting, $474,741 for direct materials used, and $147,140 for conversion costs. 5. There are 131,000 units in work in process inventory on August 31. With respect to the units transferred in, 100% are complete and 70% are complete with respect to conversion. Prepare a production cost report. (Round unit costs to 7 decimal places, e.g. 0.1287345 and all other answers to 0 decimal places, e.g.…
In EASY company on November 1, 10,000 units of product that were 30% complete were in process. During the month, 104,000 units were placed into production and 106,000 units were transferred out to the next department. The ending work in process inventory is 70% complete. Compute for the equivalent units of production using FIFO. Compute for the equivalent units of production using Average.
By how much did the conversion cost EUP for the month of October using average method exceed the conversion EUP for the same month using FIFO method?
Trenton worked on four jobs during its first year of operation: nos. 401, 402, 403, and 404. A review of job no. 403's cost record revealed direct material charges of $42,700 and total manufacturing costs of $53,000. If Trenton applies overhead at 150% of direct labor cost, the overhead applied to job no. 403 must have been: