PA 11. LO 5.4 Given the followinginformation, prepare a production report withmaterials added at the beginning and endingwork in process inventory being 25%complete with regard to conversion costs.Costs to Account ForBeginning inventory: materialsBeginning inventory: conversionDirect materialsDirect laborApplied overheadTransferred-in materials$ 5,0001,00024,17044,50012,4008,00010,200Transferred-in conversionTotal costs to account for$105,270Units to Account ForBeginning work in processUnits started into productionTransferred out3,50085,00084,000Show Transcribed TextCCompleted and transferred outEnding work in processUnits2Total units to account forWork in process completion %Material Units Conversion UnitsTotal UnitsCompleted and transferred outEnding work in processTotal units to account forCosts to Account ForBeginning work in processTransferred inIncurred during the periodMaterialsConversionTotalTotal costs to account forEquivalent unitsCost per equivalent unit for departmentTransferred-out costsEnding work in processTotal costs to accounted for

Step 1: Material UnitsConversion UnitsParticularsUnits (A)% Completed (B)Equilanted Completed Units…

Answered: PA 11. LO 5.4 Given the following…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 32P: Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a...

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A) what is the equivalent units of production for materials? B) what is the equivalent units of production for conversion ?
6 Compute the conversion cost per equivalent unit for the Production department using the weighted-average method. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Production cost information for the Production department follows. Beginning work in process Direct materials. Conversion Costs added this period Direct materials Conversion $ 93,500 107,000 Units 18,000 90,000 108,000 30,000 $ 253,000 291,160 $ 200,500 $544,160 Direct Materials Percent Complete 100% 100% Conversion Percent Complete 40% 60%
Use the following data from a company using a process costing system to answer the question below. Conversion cost per equivalent unit for materials $2.50 Cost per equivalent unit for conversion $3.75 Beginning inventory costs $1, 200 Equivalent units for beginning inventory conversion 2, 400 Equivalent Units started and completed for both materials and conversion 10,000 Compute cost of good manufactured A. $10, 200 B. $72, 700 C. $71,500 D. $62, 500
ssume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during the period 291,600 394,500 686,100 Total cost $ 301,600 $ 409,500 $ 711,100 Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department?
Q. 2
Question Content Area Compute conversion costs given the following data: direct materials, $376,200; direct labor, $200,400; factory overhead, $179,400 and selling expenses, $48,400. a. $555,600 b. $131,000 c. $756,000 d. $379,800
What is the total costs of work in process at December 31, 2021 in Department C? P40,932.58 P46,035.41 P42,352.58 P22,097.00
C) what's is the cost per equivalent unit for materials ? ( round your answer to 2 decimal places.) D) what is the cost equivalent unit for conversion? (Round your answer to 2 decimal places.) E) what is the cost of units transferred out? (Round your cost per equivalent unit to 2 decimal places.)
Question 15 The assembly division of Quality Time Pieces, Inc. uses the FIFO method of process costing. Consider the following data for May 2020: Physical units Direct Materials Conversion Costs Beginning WIP 100 $459,888 $142,570 Started in May 2020 510 Completed during May 2020 450 Total costs added during May 2020 $3,237,000 $1,916,000 Degree of completion: Beginning WIP: direct materials 80%; conversion costs 35% Degree of completion: Ending WIP: direct materials 80%; conversion costs 40% What would be the cost of units completed and transferred out using FIFO method? Group of answer choices $4,065,000 $4,667,140 $1,088,000 $4,207,570
a. Using FIFO method, how much cost is transferred to the next department? b. Using FIFO method, how much is the total cost of Work in Process Inventory, End?
1. Using weighted average method, how much is the total cost of Work in Process Inventory, End?
Sd Sub: accounting

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