PA 11. LO 5.4 Given the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 25% complete with regard to conversion costs. Costs to Account For Beginning inventory: materials Beginning inventory: conversion Direct materials Direct labor Applied overhead Transferred-in materials $ 5,000 1,000 24,170 44,500 12,400 8,000 10,200 Transferred-in conversion Total costs to account for $105,270 Units to Account For Beginning work in process Units started into production Transferred out 3,500 85,000 84,000 Show Transcribed Text C Completed and transferred out Ending work in process Units 2 Total units to account for Work in process completion % Material Units Conversion Units Total Units Completed and transferred out Ending work in process Total units to account for Costs to Account For Beginning work in process Transferred in Incurred during the period Materials Conversion Total Total costs to account for Equivalent units Cost per equivalent unit for department Transferred-out costs Ending work in process Total costs to accounted for

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

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

Sd Sub: accounting

Problem 2. Cena company employs Weighted Average process costing system in the assembly department and FIFO process costing system in the finishing department concerning its only product which undergoes production in assembly department and finishing department. The following data for the year ended December 31, 2020 are provided:  ASSEMBLY DEPARTMENTUnits Cost      January 1, 2020 December 31, 2020January 1, 2020December 31, 2020100,000 units – 40% completed as to conversion costCost of Direct material – P3M Cost of Direct labor – P5MCost of Factory Overhead – P2M   150,000 units – 80% completed ? as to conversion costFINISHING DEPARTMENTUnits Cost   Units started during the year  400,000 units    DM cost added during 2020 – P12MDL cost added during 2020 – P15MFOH cost added during 2020 – P13M        50,000 units – 70% incomplete conversion costCost of Transferred in – P10M Cost of Direct material – P6M Cost of Direct labor – P1MCost of Factory Overhead – P3M   30,000 units – 10%…

am. 24.