Builder Products, Incorporated, uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May:   Production data:   Pounds in process, May 1; materials 100% complete; conversion 80% complete 10,000 Pounds started into production during May 100,000 Pounds completed and transferred out ? Pounds in process, May 31; materials 60% complete; conversion 20% complete 15,000 Cost data:   Work in process inventory, May 1:   Materials cost $ 1,500 Conversion cost $ 7,200 Cost added during May:   Materials cost $ 154,500 Conversion cost $ 90,800   Required: 4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May. 5. Prepare a cost reconciliation report for May.

Builder Products, Incorporated, uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May: Production data: Pounds in process, May 1; materials 100% complete; conversion 80% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 60% complete; conversion 20% complete Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cost Conversion cost 10,000 100,000 ? 15,000 $ 1,500 $ 7,200 Check my work $ 154,500 $ 90,800 Required: 1. Compute the equivalent units of production for materials and conversion for May. 2. Compute the cost per equivalent unit for materials and conversion for May. 3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May.…

s

Atoz company's product is manufactured in two departments. Units are inspected at the end of the production process in the first department. Data related to the month of may are: WIP beginning( 60% materials, 35% labor, and 25% factory overhead) 1,000 units; started in process this period, 9,000 units; Work in process end (100% materials, 75% labor and 50% Factory overhead) 1,500 unitsm Cost data follows: work in process beginning materials 1,260 labor 770 factory overhead 1,400; cost this month materials 36,240 labor 10,780 and factory overhead 21,725. Compute for the equivalent units of production using FIFO

Cosby Company uses a process costing system. The company adds all materials at the beginning of the process in the Molding Department, which is the first of two stages of its production process. Information concerning the materials used in the Molding Department during March is as follows: Units started during March- 112,000 units, Units completed and transferred- 97,000 units, Units in process, end (50% complete)- 15,000, Material Cost- P57,120, Conversion Cost- P142,800.   Assume, there was a loss of 10,000 units, normal loss of company is 5% of good units which are discovered at the end of the process. What is the cost of goods completed and transferred to be recorded?   P189,859.56 P184,767.06 P194,109.73 P191,122.26

Sur Company uses the weighted-average method in its process costing system. Information for the month of May concerning Department A, the first stage of the company's production process follows: Materials Conversion Work in process, beginning.. OR 4,000 OR 3,000 Current costs added. 20,000 16,000 Total costs... Equivalent units.. Costs per equivalent unit. oods completed... 90,000 units Work in process, ending.. 10,000 units Material costs are added at the beginning of the process. The ending work in process is 50% complete with respect to conversion costs.. The total Cost Per Equivalent Unit will be:

Assembly department of Zahra Technologies had 200 units as work in process at the beginning of the month. These units were 50% complete. It has 300 units which are 30% complete at the end of the month. During the month, it completed and transferred 600 units. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Zahra uses weighted-average process-costing method. What is the number of equivalent units of work done during the month with regards to direct materials?   A) 700 units B) 1,100 units C) 900 units D) 600 units

Pearl Company has the following production information for October: 60,000 units transferred out and 20,000 units in ending work in process that are 100 percent complete for materials and 60 percent complete for conversion costs. Materials cost is $12 per equivalent unit and conversion cost is $16 per equivalent unit. Determine the cost assigned to the units transferred out and the units in ending work in process using the weighted-average method.

Easy Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's firs processing department for a recent month. Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion Required: Using the FIFO method: Complete this question by entering your answers in the tabs below. Req A and B Req C and D $ $ a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of ending work in process inventory.…

Daosta Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion Required: Using the FIFO method: 400 50% 30% 610 $ 2,156 16,000 16,100 $ 47,436 $439,552 a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of ending work in process inventory. d. Determine the cost of units…