Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating department:     Units Direct materials Percent Complete Conversion Percent Complete Beginning work in process inventory 91,000 80% 25% Units started and completed 261,000     Units completed and transferred out 352,000     Ending work in process inventory 35,500 40% 15% Production cost information for the Fabricating department follows.   Beginning work in process     Direct materials $ 48,200   Conversion 90,700 $ 138,900 Costs added this period     Direct materials $ 768,760   Conversion 930,300 $ 1,699,060 Calculate the equivalent units of production for conversion.

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for September: Work in process, September 1 Work in process September 30 Started into Production during September O 247,000 O 232,000 O 265,000 Units O 238,000 75,000 70,000 200,000 Percent Completed What is the equivalent units of production for materials for September? Materials 80% 60% Conversion 50% 40%

Pureform, Incorporated, uses the FIFO method of process costing. It manufactures a product passing through two departments. Data for a recent month for the first department follow: bints Work in process inventory, beginning Units started in process Units transferred out eBook Print Work in process inventory, ending Cost added during the month References Units 58,000 549,000 570,000 Materials $ 56,200 Labor $ 19,700 Overhead $ 24,100 37,000 $ 627,670 $ 164,130 $ 191,485 The beginning work in process inventory was 80% complete for materials and 65% complete for labor and overhead. The ending work in process inventory was 60% complete for materials and 40% complete for labor and overhead. Required: 1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month. 2. Compute the first department's cost per equivalent unit for materials, labor, overhead, and in total for the month. Note: Round your answers to 2 decimal places. 1. Equivalent…

Data for June are as follows for Superior Corp., which uses FIFO process costing:                                                                                                      Units Beginning work in process                                                        5,600 Units started in process                                                          114,000                                                                                                      Costs Beginning work in process:                                                                         Materials                                                                       $18,500          Conversion                                                                      $3,700   June's costs:          Materials                                                                     $444,300          Conversion                                                                    190,700   All materials are added at the…

Shirley Processing, Incorporated (SPI) makes adhesive tape. The following information on the physical flow of units and costs for month of March: Quantities Beginning work-in-process Started To account for Transferred out Ending work in process Accounted for Physical units Percentage Complete. Materials 107,000 100% Conversion 40% 957,000 1,064,000 975,500 100% 100% 88,500 100% 20% 1,064,000 Cost Beginning work-in-process Current period Total $ 186,570 1,871,298 Direct Materials $ 167,180 1,234,530 Conversion $ 19,390 636,768 Total $ 2,057,868 $ 1,401,710 $ 656,158 Required: a. Compute the equivalent units for the conversion cost calculation for March assuming Shirley Processing. Incorporated uses the weighted-average method. b. Compute the cost per equivalent unit for direct materials and conversion costs for March assuming Shirley Processing, Incorporated uses the weighted-average method. Complete this question by entering your answers in the tabs below. Required A Required B Compute…

Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Percent Completed Units 49,000 30,000 Materials 95% 72% Conversion 60% 51% The department started 394,000 units into production during the month and transferred 413,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production Materials Conversion

Domestic

Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March. Units Costs Beginning work in process inventory Started 3,000 Beginning work in process inventory 30,000 Direct materials $ 3,180 Ending work in process inventory 6,000 Conversion 13,896 status of ending work in process inventory Direct materials added Materials-Percent complete Direct labor added $ 17,076 212,310 170,910 239,274 $639,570 Conversion-Percent complete Overhead applied (140% of direct labor) Total costs to account for Ending work in process inventory $ 61,500 Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Total Costs to Account for: Total costs to account for: $ 0 Total costs accounted for $ 0 Difference due to rounding cost/unit Unit Reconciliation: *********** *********** OLO 100% 25% 5 of 5 ی

Bettie Corporation uses a weighted-average process costing system to collect costs related to production. The following selected information relates to production for October: Units completed and transferred out Equivalent units: work in process, October 31 Total equivalent units Materials Conversion 50,000 50,000 10,000 4,000 60,000 54,000 Materials $ 9,000 243,000 $ 252,000 Conversion $ 5,400 513,000 $518,400 Costs in work in process on October 1 Costs added to production during October Total cost All materials at Bettie are added at the beginning of the production process. What total amount of cost should be assigned to the units completed and transferred out during October?

Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 49,000 29,000 Equivalent units of production Percent Completed Materials 85% 70% The department started 391,000 units into production during the month and transferred 411,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion 55% 49% Conversion