Fill in the missing amount. Work in process inventory February 1st; $101,000 Work in process inventory February 28: ? Units stated during February: 72,600 Units completed during February: 90,600
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Fill in the missing amount.
Work in process inventory February 1st; $101,000
Work in process inventory February 28: ?
Units stated during February: 72,600
Units completed during February: 90,600
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- A company started the month with 8,329 units in work in process inventory. It started 23,142 unit and had an ending inventory of 9,321. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period?A company started the month with 4,519 units in work in process inventory. It started 15,295 units and had an ending inventory of 4,936. The units were 100% complete to materials and 30% complete with conversion. How many units were transferred out during the period?Beginning inventory and direct material cost added during the month total $55,000. What is the value of the ending work in process inventory if beginning inventory was 2,000 units; 9,000 units were started; and 1,000 units were in ending inventory? $1,000 $5,000 $50,000 $55,000
- The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units one-fourth completed at a cost of 2,500 for materials, 1,400 for labor, and 1,800 for overhead. Production costs for the monthmaterials, 130,000; labor, 70,000; and factory overhead, 82,000. Units completed and transferred to stock45,000. Work in process, end of month5,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)Units Work in Process Beginning inventory, April 1 8,000 Added to production 45,000 Completed and transferred out ? Ending inventory, April 30 5,000 T2-5 ^ Assign costs to completed units and ending Work in Process Inventory Refer to the information in T2-5. Sury also reported the following cost information in April: Costs Materials Conversion Work in Process Beginning inventory, April 1 $11,000 $ 17,160 Added to production 66,380 104,000 Questionsa.What was the cost per equivalent unit for materials? b.What was the cost per equivalent unit for conversion? c.What cost would be assigned to the units transferred out of Work in Process Inventory? d.What cost would be assigned to the ending Work in Process Inventory?Work-in-Process Inventory, November 1 45,000 units Work-in-Process Inventory, November 30 23,000 units Units started during November 57,000 units Units completed and transferred during November ?
- The first production department of Stone Incorporated reports the following for April. Direct Materials Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 70,000 372,000 350,000 92,000 The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 158,320 51,716 1,062, 050 750,904 Percent Complete 60% 85% $210,036 1,812,954 $ 2,022,990 Conversion Percent Complete 40% 35% a. Compute cost per equivalent unit for both direct materials and conversion. Note: Round "Cost per EUP" to 2 decimal places. b. Using the weighted average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. Note: Round "Cost per EUP" to 2 decimal places.Running Company had the following information for the month of June Work in process beginning inventory, June 1 Units transferred in Work in process ending inventory, June 30 3,600 units 14,200 units 3,400 units Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion Materials are added at the end of the process. How many units were completed in June?Current Attempt in Progress Blossom Company has the following production data for January. Beginning Work in Process 0 Units Started into Production 8,670 Compute the physical units for January. Beginning Work in Process Inventory Started into production Total units to be accounted for Ending Work in Process % Complete as to Conversion Cost Units 1,180 30%
- Carla Vista Manufacturing Company has the following production data for selected months. Month January March July Beginning Work in Process Inventory -0- Physical units -0- -0- Units Completed and Transferred Out 29,800 January 37,050 Calculate the physical units for each month. 37,000 Ending Work in Process Units 12,000 8,700 16,550 March % Complete in Terms of Conversion Costs 40% 72% 39% JulyElmo has the following information for the month of October, its first month of operations Work in Progress October 0 Units completed and transferred in october 120,000 Work in process October 30 32,000 100% completed for matrials 80% completed for conversion costsCosts added in October Materials $145,900 Direct Labor $96,000 Overheads $108,000Requireda) Determine the equivalent units of production for October. b) Determine the cost of the ending work-in-process. c) Determine the cost of goods completed. d) What is meant by the term equivalent full units?Units Beginning inventory Started during the month 20,000 75,000 Total units to account for ? Completed and transferred out Ending work in process 70,000 Total units accounted for Work in process completion % 100% 25% Material Units Conversion Units Total Completed and transferred out Ending work in process 70,000 70,000 70,000 ? ? Total units accounted for ? Costs to account for Materials Conversion Total $ 3,500 $19,500 Beginning work in process Transferred in $16,000 Incurred during the period $25,000 $45,000 $70,000 Total costs to account for ? Equivalent units Cost per equivalent unit for department ? ? Transferred-out costs End work in process: materials End work in process: conversion End work in process: total ? ? Total costs accounted for ?
