Department B had a beginning inventory balance of 150 units. During the accounting period, the department started an additional 950 units, and 975 units were completed and transfered out. Department B had an ending balance of units.

Loanstar had 50 units in beginning inventory before starting 900 units and completing 750 units. The beginning work in process inventory consisted of $2,000 in materials and $5,000 in conversion costs before $8,450 of materials and $9,450 of conversion costs were added during the month. The ending WIP inventory was 100% complete with regard to materials and 50% complete with regard to conversion costs. Use the above information to complete a production cost report. Enter all amount as positive values. Production Cost Report Work in process completion percent 100% 50% Material Units Conversion Units Total UnitS Completed and transferred out Ending work in process Total units to account for Materials Conversion Total Costs to account for $4 $4 Beginning work in process Incurred during the period $4 Total costs to account for Equivalent units Cost per equivalent unit for department $ %24 %24 %24

Lansing, Inc. provides the following information for one of its department’s operations for June (no new material is added in Department T).         WIP inventory—Department T     Beginning inventory (8,300 units, 20% complete with respect to Department T costs)     Transferred-in costs (from Department S) $ 37,100 Department T conversion costs   9,842 Current work (19,100 units started)     Prior department costs   91,680 Department T costs   183,150     The ending inventory has 3,300 units, which are 60 percent complete with respect to Department T costs and 100 percent complete for prior department costs.   Required: Complete the production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal places.)

During May, the number of equivalent units of materials applied to units produced by Department Q totaled 48,000, computed as follows: beginning inventory, 5,000 equivalent units; units started and completed in May, 37,000 equivalent units; and ending inventory, 6,000 equivalent units. On the basis of this information, which of the following statements is true? Multiple Choice There were more units in Department Q's ending inventory than in Department Q's beginning inventory for May. Department Q completed 48,000 units of product during May. The number of units transferred in May from Department Q to next process or department was 37,000. Department Q used enough materials during May to produce 48,000 equivalent units.

Compute the raw materials inventory turnover when the amount of raw materials used are 18,000 and had beginning inventory of 3,000 and ending inventory of 5,500.

Subject: accounting

A production department's beginning inventory cost includes $490,000 of conversion costs. This department incurs an additional $1,037,500 in conversion costs in the month of March. Equivalent units of production for conversion total 925,000 for March. Calculate the cost per equivalent unit of conversion using the weighted-average method. Cost per equivalent unit of conversion Choose Numerator Choose Denominator Cost per equivalent unit of production

Lansing, Inc. provides the following information for one of its department’s operations for June (no new material is added in Department T).         WIP inventory—Department T     Beginning inventory (9,200 units, 20% complete with respect to Department T costs)     Transferred-in costs (from Department S) $ 49,430 Department T conversion costs   13,760 Current work (20,900 units started)     Prior department costs   119,130 Department T costs   235,440     The ending inventory has 4,200 units, which are 50 percent complete with respect to Department T costs and 100 percent complete for prior department costs.   Required: Complete the production cost report using FIFO.