Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 4-2] Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 53,000 36,000 Equivalent units of production Percent Completed Materials 90% 72% The department started 389,000 units into production during the month and transferred 406,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion 65% 54% Conversion ...

Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 4-2] Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 53,000 36,000 Equivalent units of production Percent Completed Materials 90% 72% The department started 389,000 units into production during the month and transferred 406,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion 65% 54% Conversion ...

Name: Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average M
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average Method[LO 4-2]Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data areavailable for one department for October:Work in process, Octo

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 4CMA: A company is using process costing with the first-in, first-out (FIFO) method, and all costs are...

See similar textbooks

Similar questions

FIFO Method, Single Department Analysis, One Cost Category Refer to the data in Problem 6.33. Required: Prepare a cost of production report for the Fabrication Department for December using the FIFO method of costing.
Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 4-2] Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units Equivalent units of production Work in process, October 1 Work in process, October 31 The department started 391,000 units into production during the month and transferred 406,000 completed units to the next department. 47,000 32,000 Percent Completed Conversion 60% 45% Materials Materials Required: Compute the equivalent units of production for October. 85% 66% Conversion
ok t t nces Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 51,000 27,000 Equivalent units of production JUN 28 Percent Completed Conversion Materials The department started 390,000 units into production during the month and transferred 414,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials 95% 66% Conversion ave & Exit A Check m
1 Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: ts kipped eBook Het Print eferences Work in process, October 1 Work in process, October 31 Units 47,000 28,000 Equivalent units of production Percent Completed Conversion 60% 55% The department started 389,000 units into production during the month and transferred 408,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Materials 90% 70% Conversion
Exercise 4-2 (Algo) Equivalent Units of Production—Weighted-Average Method [LO 4-2] Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 46,000 90 % 55 % Work in process, October 31 31,000 70 % 47 % The department started 395,000 units into production during the month and transferred 410,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production: Materials: Conversion:
Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 4-2] Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 46,000 32,000 Equivalent units of production Percent Completed Conversion Materials Materials 95% 66% The department started 393,000 units into production during the month and transferred 407,000 completed units to the next department. Required: Compute the equivalent units of production for October. 55% 54% Conversion
Chapter 4 Practice #1 5. ABC Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Department for September. Work in process, September 1 Units started into production during September Units completed during September and transferred to the next department Work in process, September 30 Units 1,000 8,400 7,500 1,900 Percent Complete Materials Conversion 55% 10% 75% 25% Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for September using the weighted-average method.
Problem 2 Jeffery Technologies used the weighted-average method in it process costing system. Data for the Assembly Department for October appears below: Work in Process, October 1 Costs added during October Equivalent Units of Production Required: Materials $25,000 $235,000 40,000 Conversion Costs $40,000 $260,000 25,000 1. Compute the cost per equivalent unit of production for materials and conversion costs. Show calculations. 2. Compute the total cost per equivalent whole unit.
Exercise 5-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 5-2] Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion Work in process, October 1 Units 54,000 90% 67% 55% 47% Work in process, October 31 33,000 The department started 385,000 units into production during the month and transferred 406,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production Materials Conversion
Č P112,500 D P177,400 2DThe cost of goods put to process for the month of June is: A P717600 B P803,600 C P957,000 D P957,600
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units 47,000 34,000 Equivalent units of production Percent Completed Conversion 55% 46% Work in process, October 1 90% 65% Work in process, October 31 The department started 399,000 units into production during the month and transferred 412,000 completed units to the next department. Materials Required: Compute the equivalent units of production for October. Materials Conversion
Exercise 5S-7 (Algo) Equivalent Units of Production and Cost per Equivalent Unit-FIFO Method [LO 5S-6, LO 5S-7] Pureform, Incorporated, uses the FIFO method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 66,000 629,000 1. Equivalent units of production 2. Cost per equivalent unit 650,000 45,000 Materials Materials $ 54,800 $ 876,820 $ 407,680 $ 439,040 The beginning work in process inventory was 70% complete with respect to materials and 55% complete with respect to labor and overhead. The ending work in process inventory was 50% complete with respect to materials and 30% complete with respect to labor and overhead. Required: 1. Compute the first department's equivalent units of production for materials, labor, and overhead for the…