Badgersize Company has the following information for its Forming Department for the month of August.           Work in Process Inventory, August 1: 20,000 units       Direct materials: 100% complete $ 80,000   Conversion: 20% complete   24,000   Balance in work in process, August 1 $ 104,000   Units started during August   47,000    Units completed and transferred in August   58,000    Work in process (70% complete), August 31   ?    Costs charged to Work in Process in August       Direct materials $ 161,000   Conversion costs:         Direct labor $ 110,000     Overhead applied   135,000   Total conversion $ 245,000       Assume materials are added at the start of processing.   Required: a. Calculate the equivalent units for the Forming Department for the month of August. b. Find the cost per equivalent unit of direct materials and conversion associated with the units transferred during the month. (Round your answers to 2 decimal places.)

Hansaben

The Chart Company has a process costing system. All materials are added when the process is first begun. At the beginning of September, there were no units of product in process. During September 50,000 units were started; 5,000 of these were still in process at the end of September and were 3/5 finished. The equivalent units for the conversion costs in September were: Materials Cost Conversion Costs Beginning work in process $46,000 $78,000 Current period costs $92,000 $124,000 TOTAL COSTS $138,000 $202,000 None of the choices is correct. $3.45; $4.04 $2.30; $2.48 $1.76; $1.94 $1.15; $1.56

The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $54,610 of direct materials. ACCOUNT Work in Process—Forging Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Nov. 1 Bal., 4,300 units, 30% completed     58,738       30 Direct materials, 39,000 units 487,500     546,238       30 Direct labor 56,340     602,578       30 Factory overhead 77,805   ?   680,383       30 Goods finished, ? units     ?       30 Bal., 3,400 units, 60% completed     ?     a.  Determine the number of units transferred to the next department. units b.  Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places. Cost per equivalent unit of direct materials $ Cost per equivalent unit of…

Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: work in process, April 1 units started during April work in process, April 30 work in process, April 1 costs added during April total costs units Calculate the conversion costing method. 27,000 59,000 34,000 % complete DM 60% 70% The cost of beginning work in process and the costs added during April were as follows: % complete 85% 40% conversion Conversion $191,175 $208.985 $400,160 DM $ 25,310 $190.720 $216,030 unit cost using the weighted average process Total cost $216,485 $399,705 $616,190

Shirley Processing, Incorporated (SPI) makes adhesive tape. The following information on the physical flow of units and costs for month of March: Quantities Physical units Percentage Complete Materials Conversion Beginning work-in-process 105,000 100% 40% Started 956,000     To account for 1,061,000     Transferred out 973,500 100% 100% Ending work in process 87,500 100% 20% Accounted for 1,061,000     Cost Total Direct Materials Conversion Beginning work-in-process $ 182,570 $ 165,180 $ 17,390 Current period 1,830,970 1,214,120 616,850 Total 2,013,540 $ 1,379,300 $ 634,240 Required: Compute the equivalent units for the conversion cost calculation for March assuming Shirley Processing, Incorporated uses the weighted-average method. Compute the cost per equivalent unit for direct materials and conversion costs for March assuming Shirley Processing, Incorporated uses the weighted-average method.

Assad Company uses the process costing method with the following data for the month of July. Work-in-process, July 1, 30,000 units: Direct material: 100% completed $ 65,500 Conversion: 30% completed 51,910 Balance in work in process, July 1 $117,410 Units started during July 40,000 Units finished 50,000 Work in process, July 31, 20,000 units: Direct material: 100% completed Conversion: 60% completed Cost incurred during July: Direct materials $ 120,000 Conversion costs 199,810 Total $ 319,810 Required: (1) Compute cost per equivalent unit under the weighted - average method. (2) Compute cost per equivalent unit under FIFO method.

The debits to Work in Process-Assembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units Conversion costs, 3,000 units, 66.7% completed Materials added during May, 10,000 units Conversion costs during May Goods finished during May, 11,500 units May 31 work in process, 1,500 units, 50% completed $7,600 5,100 26,700 30,700 a. $2.32 Ob. $2.67 C. $3.83 Od. $3.07 0 All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is

Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: work in process, April 1 units started during April work in process, April 30 units 27,000 59,000 34,000 work in process, April 1 costs added during April total costs % complete DM 60% DM $ 25,310 $190,720 $216,030 70% The cost of beginning work in process and the costs added during April were as follows: % complete conversion 85% Conversion $191,175 $208,985 $400,160 40% Total cost $216,485 $399,705 $616,190 Calculate the total cost of the handling department's work in process inventory at April 30 using the weighted average process costing method.

Dog