Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $13,300. Of the $13,300, $7,800 was for material and $5,500 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of $28,600. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $33,800 and factory overhead was $18,600. If the weighted average method is used, the materials cost per unit (rounded to the nearest cent) would be

Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $13,300. Of the $13,300, $7,800 was for material and $5,500 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of $28,600. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $33,800 and factory overhead was $18,600. If the weighted average method is used, the materials cost per unit (rounded to the nearest cent) would be

Name: Department F had 4,000 units in Work in Process that were 40% complet
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Description: Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $13,300. Of the $13,300, $7,800 wasfor material and $5,500 was for conversion costs. 14,000 units of direct materials were added duri

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 5E: The Converting Department of Worley Company had 2,400 units in work in process at the beginning of...

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A production department within a company received materials of $10,000 and conversion costs of $10,000 from the prior department. It added material of $27,200 and conversion costs of $53,000. The equivalent units are 20,000 for material and 18,000 for conversion. What is the unit cost for materials and conversion?
During March, the following costs were charged to the manufacturing department: $22,500 for materials; $45,625 for labor; and $50,000 for manufacturing overhead. The records show that 40,000 units were completed and transferred, while 10,000 remained in ending inventory. There were 45,000 equivalent units of material and 42,500 units of conversion costs. Using the weighted-average method, prepare the companys process cost summary for the month.
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Chavez Concrete Inc. has two production departments. Blending had 1,000 units in process at the beginning of the period, two-fifths complete. During the period 7,800 units were received from Mixing, 8,200 units were transferred to the finished goods storeroom, and 600 units were in process at the end of the period, 1/3 complete. The cost of the beginning work in process was: The costs during the month were: 1. Using the data in E5-15, prepare a cost of production summary for the month ended January 31, 2016. 2. Prepare a journal entry to transfer the cost of the completed units from Blending to the finished goods storeroom.
Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $14,600. Of the $14,600, $8,600 was for material and $6,000 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of $26,000. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $33,000 and factory overhead was $19,200. If the weighted average method is used, the conversion cost per unit (rounded to the nearest cent) would be a. $3.23 b. $5.29 c. $3.37 d. $3.88
Department GX had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of P12,500. Of the P12,500, P8,000 was for material and P4,500 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of P28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was P32,450 and factory overhead was P18,710. If the weighted average cost method is used the conversion cost per unit (to the nearest cent) would be: choices P3.71 P3.23 P2.84 P2.97
Use this information about Department E to answer the question that follows. Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. There were 14,000 units of direct materials added during the period at a cost of $28,700. There were 15,000 units completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process, and the average cost method is used to cost inventories. Direct labor was $32,450, and factory overhead was $18,710. The number of equivalent units of production for the period is a.17,250 b.15,650 c.18,000 d.14,850
Use this information about Department E to answer the question that follows. Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. There were 14,000 units of direct materials added during the period at a cost of $28,700. There were 15,000 units completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process, and the average cost method is used to cost inventories. Direct labor was $32,450, and factory overhead was $18,710. The total (whole) units to account for during production is a.15,650 b.17,250 c.17,700 d.18,000
Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. 14,000 units of direct materials were added during the period at a cost of $28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. The number of equivalent units of production for the period for materials if the average cost method is used to cost inventories was a.17250 b.15650 c.18000 d.17700
Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. 14,000 units of direct materials were added during the period at a cost of $28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. The number of equivalent units of production for the period for conversion if the average cost method is used to cost inventories was a. 14850 b. 15650 c. 17250 d. 18000
2. Department A had 16,000 units in the beginning work in process that is 45% with respect to material and 80% completed with respect to conversion costs. 12,000 units were added during the period; 20,000 units were completed and transferred and the remaining units in ending work-in-process were 65% completed with respect to materials and 35% completed with respect to conversion cost. The following additional information relate to the cost incurred: Work in Process (Material is $750,000; Conversion $1,250,000) Cost Added this period (Material is $2,000,000; Conversion $1,000,000) Required: Given the quantity schedule that has been prepared for you below, a. What is the cost of units completed and transferred? b. What is the cost of the units in ending work-in-process? Quantity Schedule (Weighted Average Process Costing Method) WIP beginning Units added this period Units to be accounted for Completed and Transferred Ending WIP Material 65%; Conversion 35% Total units accounted for Total…
The Modelling Department of AMC Inc. incurred $300,000 in direct material costs and $125,600 in conversion costs during the period. The beginning work-in-process inventory costs include $30,000 in direct material costs and $43,000 in conversion costs. The equivalent units of production for direct materials and conversion costs are 10,000 and 7,200, respectively. At the end of the period, 6,500 units are completed and transferred to the next processing department. Compute the costs per equivalent units for conversion costs under the weighted-average method. (Round your answer to the nearest cent.) Group of answer choices $33.00 per EUP $30.00 per EUP $23.42 per EUP $17.44 per EUP