Marvellous Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month: Work in process, beginning: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost 800 50% 20% $2,440 $4,928 Units started into production during the month Units completed and transferred out 15,000 15,600 Costs added to production during the month: Materials cost Conversion cost $96,470 $476,362 Work in process, ending: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion 200 50% 90% Using the weighted-average method, a. Determine the equivalent units of production for materials and conversation costs b. Determine the cost per equivalent unit for materials and conversion costs c. Determine the cost of units transferred out of the department during the month Dotormino the cost of ondina work in procoss inyontory in the donartmont

Boston Company uses the weighted-average method in its process-costing system. Operating data for the first processing department for September appear below for the physical flow of units, and for direct materials (DM) and conversion costs (CC). % of % of completion: completion: Units DM СС Beginning WIP inventory Started into production during September Ending WIP inventory 700 60% 50% 11,760 2,000 90% 70% DM CC Beginning WIP inventory Cost added during September 7,425 $ 60,005 $S 13,409 81,471 24 2$ 19 Compute the equivalent units of production for the processing department Direct materials 12,260 units 12,960 units 12,460 units 10,460 units E. None of the above. Conversion 11,860 units. A. В. 12,760 units 13,760 units 10,460 units С. D. 20 Determine the cost of WIP inventory ending balance: A. $ B. $ 27,000 24,300 18,900 C. $ D. $ 21,100 E. None of the above.

Kurtulus 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 Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs added during the month Conversion costs added during the month Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion 2,400 $ 8,800 $4,100 55% 25% 8,300 7,500 $ 111,900 $ 85,000 3,200 70% 55% The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round "Cost per equivalent unit" to 3 decimal places. Round "Cost…

Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October:   Units Percent Completed Materials Conversion Work in process, October 1 49,000 95% 60% Work in process, October 31 31,000 68% 49%   The department started 391,000 units into production during the month and transferred 409,000 completed units to the next department. Required: Compute the equivalent units of production for October.

Pureform, Incorporated, uses the weighted-average 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 86,000 814,000 820,000 80,000 1. Equivalent units of production 2. Cost per equivalent unit Materials Materials $ 70,200 $ 488,640 The beginning work in process inventory was 80% complete with respect to materials and 65% complete with respect to labor and overhead. The ending work in process inventory was 60% complete with respect to materials and 40% complete with respect to labor and overhead. Labor $ 928,000 Labor $ 39,600 Required: 1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month. 2. Determine the first department's cost per equivalent unit for materials, labor,…

The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory 0 Units started in production 23,200 Units finished during the period 17,500 Units in process at the end of the period(complete as to materials, ¼ complete as to labor and overhead) 5,700 Cost of materials used $ 55,080 Labor and overhead costs $ 57,075 Total cost of the 17,500 units finished is:

Sur Company uses the weighted-average method in its process costing system. Information for the month of May concerning Department A, the first stage of the company's production process follows: Materials Conversion Work in process, beginning OR 4,000 OR 3,000 Current costs added 20,000 16,000 Total costs Equivalent units Costs per equivalent unit Goods completed Work in process, ending 90,000 units 10,000 units Material costs are added at the beginning of the process. The ending work in process is 50% complete with respect to conversion costs. Instructions: What are the equivalent units of production and Cost Per Equivalent Unit

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…

Question: Bingham 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. Work in process, beginning: Units in beginning work-in-process inventory 400 Materials costs $6,900 Conversion costs $2,500 Percentage complete for materials 80% Percentage complete for conversion 15% Units started into production during the month 6,000 Units transferred to the next department during the month 5,000 Materials costs added during the month $112,500 Conversion costs added during the month $210,300 Ending work in process: Units in ending work-in-process inventory 1,200 Percentage complete for materials 60% Percentage complete for conversion 30% Required: Calculate the equivalent units for materials (using the weighted-average method) for the month in the first processing department.

Easy Incorporated uses the FIFO method in its process costing system. The following data concern the operations of the company’s first processing department for a recent month. Work in process, beginning: Units in process 1,400 Percent complete with respect to materials 90% Percent complete with respect to conversion 10% Costs in the beginning inventory: Materials cost $ 1,910 Conversion cost $ 1,502 Units started into production during the month 24,600 Units completed and transferred out 24,700 Costs added to production during the month: Materials cost $ 71,821 Conversion cost $ 543,448 Work in process, ending: Units in process 1,300 Percent complete with respect to materials 70% Percent complete with respect to conversion 70% Required: Using the FIFO method:   a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of ending work in process inventory. d.…