Production data:   Pounds in process, May 1; materials 100% complete; conversion 90% complete 62,000 Pounds started into production during May 270,000 Pounds completed and transferred out ? Pounds in process, May 31; materials 70% complete; conversion 30% complete 22,000 Cost data:   Work in process inventory, May 1:   Materials cost $ 55,100 Conversion cost $ 26,800 Cost added during May:   Materials cost $ 286,570 Conversion cost $ 147,330

Vishnu

Builder Products, Incorporated, uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May: Production data: Pounds in process, May 1; materials 100% complete; conversion 80% complete Pounds started into production during May Pounds completed and transferred out Pounds in process, May 31; materials 60% complete; conversion 20% complete Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cost Conversion cost 10,000 100,000 ? 15,000 $ 1,500 $ 7,200 Check my work $ 154,500 $ 90,800 Required: 1. Compute the equivalent units of production for materials and conversion for May. 2. Compute the cost per equivalent unit for materials and conversion for May. 3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May.…

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Atoz company's product is manufactured in two departments. Units are inspected at the end of the production process in the first department. Data related to the month of may are: WIP beginning( 60% materials, 35% labor, and 25% factory overhead) 1,000 units; started in process this period, 9,000 units; Work in process end (100% materials, 75% labor and 50% Factory overhead) 1,500 unitsm Cost data follows: work in process beginning materials 1,260 labor 770 factory overhead 1,400; cost this month materials 36,240 labor 10,780 and factory overhead 21,725. Compute for the equivalent units of production using FIFO

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 800 50% 20% $2,440 $4,928 Conversion cost 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 $96,470 $476,362 Conversion cost 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…

Cosby Company uses a process costing system. The company adds all materials at the beginning of the process in the Molding Department, which is the first of two stages of its production process. Information concerning the materials used in the Molding Department during March is as follows: Units started during March- 112,000 units, Units completed and transferred- 97,000 units, Units in process, end (50% complete)- 15,000, Material Cost- P57,120, Conversion Cost- P142,800.   Assume, there was a loss of 10,000 units, normal loss of company is 5% of good units which are discovered at the end of the process. What is the cost of goods completed and transferred to be recorded?   P189,859.56 P184,767.06 P194,109.73 P191,122.26

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. oods completed... 90,000 units Work in process, ending.. 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.. The total Cost Per Equivalent Unit will be:

Assembly department of Zahra Technologies had 200 units as work in process at the beginning of the month. These units were 50% complete. It has 300 units which are 30% complete at the end of the month. During the month, it completed and transferred 600 units. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Zahra uses weighted-average process-costing method. What is the number of equivalent units of work done during the month with regards to direct materials?   A) 700 units B) 1,100 units C) 900 units D) 600 units

The ABC Company manufactures stationary that goes through two processing stages prior to completion. It uses weighted-average method for process costing. Information on work in the first department, Department A is given below for June: Units Materials Conversion Work in process inventory, 1 June 8,000 40% 60% Work in process inventory, 30 June 10,000 60% 40% Materials Conversion Work in process inventory, 1 June $12,220 $10,200 Cost added during June $109,460 $97,920 During June, 100,000 units were started in Department A. Required: a) Determine the number of units completed and transferred to the next department in June. b) Determine the equivalent units for June for Department A. c) Compute the costs per equivalent unit for June for Department A. (2 marks) (6 marks) (4 marks)