Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Percent Cost Complete Materials costs Conversion costs $10,600 $12,800 65% 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $142,100 $359,500 Conversion costs The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. What are the equivalent units for materials for the month in the first processing department?

Domingo Corporation uses the weighted-average method in its process costing system. The costs of these units in beginning inventory were: Materials costs Conversion costs A total of 6,700 units were completed and transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost $ 159,300 $ 121,000 Materials costs Conversion costs Cost $ 6,100 $ 2,300 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to: $19.14 $18.62 $20.31 $19.39

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: Units in beginning inventory Units started into production Units in ending inventory Units transferred to the next department Percentage completion of beginning inventory Percentage completion of ending inventory The cost of beginning inventory according to the company's costing system was $7,827 of which $4,822 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $181,186. The costs per equivalent unit for the month were: Work in process, October 1 Work in process, October 31 Materials Conversion $18.00 $23.00 Materials 70% 80% Cost per equivalent unit Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending Inventory. 3. Compute the equivalent units of material and…

Sagar

Mullins Corporation uses the first-in, first-out method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory:   Units in beginning work in process inventory 700 Materials costs $ 11,500 Conversion costs $ 22,200 Percent complete with respect to materials 75% Percent complete with respect to conversion 65% Units started into production during the month 8,600 Units transferred to the next department during the month 7,800 Materials costs added during the month $ 159,300 Conversion costs added during the month $ 348,500 Ending work in process inventory:   Units in ending work in process inventory 1,500 Percent complete with respect to materials 65% Percent complete with respect to conversion 50% The cost of ending work in process inventory in the first processing department according to the company’s cost system is closest to:

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: Units in beginning inventory Units started into production Units in ending inventory Units transferred to the next department Percentage completion of beginning inventory Percentage completion of ending inventory Materials $18.00 The cost of beginning inventory according to the company's costing system was $7,868 of which $4,802 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $181,459. The costs per equivalent unit for the month were: 440 4,320 290 4,470 Materials 60% 70 % Required 11 Conversion $23.00 Conversion 40% 50% Cost per equivalent unit Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory. 3. Compute the equivalent units of material and…

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: Units in beginning inventory Units started into production Units in ending inventory Units transferred to the next department Percentage completion of beginning inventory Percentage completion of ending inventory Materials $18.00 The cost of beginning inventory according to the company's costing system was $7,868 of which $4,802 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $181,459. The costs per equivalent unit for the month were: Required 11 440 4,320 290 4,470 Materials 60% 70 % Conversion $23.00 Cost per equivalent unit Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory. 3. Compute the equivalent units of material and conversion that were…

Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:          Beginning work in process inventory:       Units in beginning work in process inventory   500   Materials costs $ 7,800   Conversion costs $ 9,100   Percent complete with respect to materials   85 % Percent complete with respect to conversion   55 % Units started into production during the month   7,000   Units transferred to the next department during the month   6,100   Materials costs added during the month $ 102,700   Conversion costs added during the month $ 184,000   Ending work in process inventory:       Units in ending work in process inventory   1,400   Percent complete with respect to materials   60 % Percent complete with respect to conversion   50 %  The total cost transferred from the first processing department to the next processing department during the…

Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 12,000 units, 100% complete with respect to materials cost and 20% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $39,400. A total of 42,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $2.40 for materials and $4.50 for conversion costs. The total cost of the units completed and transferred out of the department was: a. b. C. d. $250,200 $289,800 $250,400 $189,000

Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 14,500 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $23,800. A total of 46,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.90 for materials and $3.70 for conversion costs. The total cost of the units completed and transferred out of the department was: Multiple Choice O C $206,540 $257,600 $244,095 $271,645