Bal., 2,000 units, 55% completedDirect materials, 47,000 units @ $1.7Direct laborFactory overheadBal. 2 units, 80% completedWork in Process-Assembly7,03079,900122,60047,680a. Based on the above data, determine the different costs listed below.If required, round your interim calculations to two decimal places.DepartmentTo Finished Goods, 46,000 units1. Cost of beginning work in process inventory completed this period.2. Cost of units transferred to finished goods during the period.3. Cost of ending work in process inventory.4. Cost per unit of the completed beginning work in process inventory, rounded to the nearestcent.0.0.

Name: Bal., 2,000 units, 55% completedDirect materials, 47,000 units @ $1.7
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Description: Bal., 2,000 units, 55% completedDirect materials, 47,000 units @ $1.7Direct laborFactory overheadBal. 2 units, 80% completedWork in Process-Assembly7,03079,900122,60047,680a. Based on the above data, determine the different costs listed below.If req

The equivalent units are calculated on the basis of the percentage of the work completed during the…

Business

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Bal., 2,000 units, 55% completed Direct materials, 47,000 units @ $1.7 Direct labor Factory overhead Bal. 2 units, 80% completed 7,030 79,900 122,600 47,680 a. Based on the above data, determine the different costs listed below. If required, round your interim calculations to two decimal places. 1. Cost of beginning work in process inventory completed this period. 2. Cost of units transferred to finished goods during the period. 3. Cost of ending work in process inventory. To Finished Goods, 46,000 units 4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent. 1.0.0. $ $ $ $

Bal., 2,000 units, 55% completed Direct materials, 47,000 units @ $1.7 Direct labor Factory overhead Bal. 2 units, 80% completed 7,030 79,900 122,600 47,680 a. Based on the above data, determine the different costs listed below. If required, round your interim calculations to two decimal places. 1. Cost of beginning work in process inventory completed this period. 2. Cost of units transferred to finished goods during the period. 3. Cost of ending work in process inventory. To Finished Goods, 46,000 units 4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest cent. 1.0.0. $ $ $ $

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 6BE: The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus...

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Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units before ending the month with 3.000 u flits that were 100% complete with regard to materials and 80% complete with regard to conversion costs. The cost per unit of material is $5.45, and the cost per unit for conversion is $6.20 per unit, Using the weighted-average method, prepare the companys process cost summary for the month.
A company has 1,500 units in ending work in process that are 30% complete after transferring out 10,000 units. All materials are added at the beginning of the process. If the cost per unit is $4 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?
The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
The records of Burris Inc. reflect the following data: Work in process, beginning of month2,000 units one-half completed at a cost of 1,250 for materials, 675 for labor, and 950 for overhead. Production costs for the monthmaterials, 99,150; labor, 54,925; factory overhead, 75,050. Units completed and transferred to stock38,500. Work in process, end of month3,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost.
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The standard cost summary for the most popular product of Phenom Products Co. is shown as follows, together with production and cost data for the period. One gallon each of liquid lead and varnish are added at the start of processing. The balance of the materials is added when the process is two-thirds complete. Labor and overhead are added evenly throughout the process. There were no units in process at the beginning of the month. Required: Calculate equivalent production for materials, labor, and overhead. (Be sure to refer to the standard cost summary to help determine the percentage of materials in ending work in process.) Calculate materials and labor variances and indicate whether they are favorable or unfavorable, using the diagram format shown in Figure 8-4. Determine the cost of materials and labor in the work in process account at the end of the month.
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