Full detail answer don't skip any step 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 onedepartment for October:ancesWork in process, October 1Work in process, October 31Units55,00034,000Equivalent units of productionPercent CompletedConversion65%53%The department started 390,000 units into production during the month and transferred 411,000 completed units to the nextdepartment.Materials90%71%Required:Compute the equivalent units of production for October.MaterialsConversion

Name: Full detail answer don't skip any step Exercise 5-2 (Algo) Equivalent
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Description: Full detail answer don't skip any step 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

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

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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: Work in process, October 1 Work in process, October 31 Units 55,000 34,000 Percent Completed Conversion 65% 534 Materials 90% 71% The department started 390,000 units into production during the month and transferred 411,000 completed units to the next department

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: Work in process, October 1 Work in process, October 31 Units 55,000 34,000 Percent Completed Conversion 65% 534 Materials 90% 71% The department started 390,000 units into production during the month and transferred 411,000 completed units to the next department

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...

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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 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
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
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
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, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Conversion 60% 50% Units Work in process, October 1 52,000 90% 74% Work in process, October 31 39,000 The department started 397,000 units into production during the month and transferred 410,000 completed units to the next department. Equivalent units of production Materials Required: Compute the equivalent units of production for October. Materials Conversion
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
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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…
2. 1. Assume process costing is used. Fill two tables given below. SHOW CALCULATIONS IN THE TABLE April $1,100,310 3,001,940 3,601,030 $7,703,280 3,800 March Beginning work in process was 20% complete in March and 65% complete in April. Ending work in process was 50% complete in March and 30% complete in April Direct materials costs $965,460 2,300,260 3,520,640 $6,786,360 6,000 17,500 4,500 Direct Jabor costs Manufacturing overhead applied Total manufacturing costs Units in beginning work in process Units transferred to finished goods Units in ending work in process 22,000 6,100 Express everything in UNITS March Аpril Beginning work in process Started and completed Ending work in process Total equivalent units Аpril Express everything in $ Total manufacturing cost per equivalent unit Direct materials cost per March equivalent unit
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
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