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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.
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- At the start of June, the polishing department had 15,000 units in beginning inventory. During the month it received 25,000 units from the department. It started and completed 17,000 units and transferred 32,000 units to the department. It had 8,000 units 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 department for the equivalent units of production for the month of June. Use the FIFO methodarrow_forwardA department adds all the direct materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning Work In Process inventory; 90,000 units were started into production; and there were 20,000 units that were 40% complete with respect to conversion in Work In Process ending inventory at the end of January. What were the equivalent units of production for materials for the month of January? A. 98,000 equivalent units B. 70,000 equivalent units C. 82,000 equivalent units D. 90,000 equivalent unitsarrow_forwardCan you please check my workarrow_forward
- 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.arrow_forwardAt 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.arrow_forwardThe Rolling Department of Jabari Steel Company had 2,300 tons in beginning work in process inventory (90% complete) on October 1. During October, 38,000 tons were completed. The ending work in process inventory on October 31 was 1,900 tons (80% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process? unitsarrow_forward
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