Saada Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second department in its productionprocess. The data below summarize the department's operations in March.Beginning work in process inventoryTransferred in from the prior department during MarchEnding work in process inventoryMultiple ChoiceOThe Fitting Department's cost per equivalent unit for conversion cost for March was $6.14. How much conversion cost was assigned to the unitstransferred out of the Fitting Department during March?$359,190$421,818Units6,70062,00010,200$328,024PercentComplete withRespect toConversion20%60%

saada Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second department in its productio rocess. The data below summarize the department's operations in March. Units 6,700 Beginning work in process inventory Transferred in from the prior department during March 62,000 Ending work in process inventory 10, 200 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $6.14. How much conversion cost was assigned to the units ansferred out of the Fitting Department during March? Multiple Choice O $359,190 $421,818 Percent Complete with Respect to Conversion 20% $328,024

saada Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second department in its productio rocess. The data below summarize the department's operations in March. Units 6,700 Beginning work in process inventory Transferred in from the prior department during March 62,000 Ending work in process inventory 10, 200 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $6.14. How much conversion cost was assigned to the units ansferred out of the Fitting Department during March? Multiple Choice O $359,190 $421,818 Percent Complete with Respect to Conversion 20% $328,024

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Pureform, Inc., 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: Units Materials Labor Overhead Work in process inventory, beginning 58,000 $ 56,200 $ 19,700 $ 24,100 Units started in process 549,000 Units transferred out 570,000 Work in process inventory, ending 37,000 Cost added during the month $ 743,270 $ 243,460 $ 297,540 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. 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,…
Clonex Labs, Incorporated, uses the FIFO method of process costing. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 26,000 14,000 Percent Completed Materials 58% 76% Conversion 27% 44% The department started 174,000 units into production during the month and transferred 186,000 completed units to the next department. Required: Compute the equivalent units of production for materials and conversion for October. Equivalent units of production Materials Conversion
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... 主 Costs per equivalent unit. Goods 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..
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: work in process, April 1 units started during April work in process, April 30 work in process, April 1 costs added during April total costs units Calculate the conversion costing method. 27,000 59,000 34,000 % complete DM 60% 70% The cost of beginning work in process and the costs added during April were as follows: % complete 85% 40% conversion Conversion $191,175 $208.985 $400,160 DM $ 25,310 $190.720 $216,030 unit cost using the weighted average process Total cost $216,485 $399,705 $616,190
Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one department for October: Percent Completed Units Materials 49,000 31,000 95% 65% Conversion 55% 54% Work in process, October 1 Work in process, October 31 The department started 390,000 units into production during the month and transferred 408,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production Materials Conversion
Sanchez Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. Units CC % Completion Beg WiP 7,000 60% Transferred in from the prior deptduring March 52,000 End Wip 3,500 80% The Fitting Department's cost per equivalent unit for conversion cost for March was $8.66. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?
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 52,000 85 % 55% Work in process, October 31 30,000 70 % 49% The department started 391,000 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 for materials and conversion
Help me with this question
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.
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing departm of 2,800 units. The costs and percentage completion of these units in beginning inventory were: Percent Cost Complete Materials costs $12,600 $14,800 65% 34 Conversion costs 30% A total of 10,500 units were started and 9,400 units were transferred to the second processing department during the month. The following costs were ine first processing department during the month: Cost Materials costs $144,100 $361,500 Conversion costs The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to:
Sagar
Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 14,500 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $23,800. A total of 46,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.90 for materials and $3.70 for conversion costs. The total cost of the units completed and transferred out of the department was: Multiple Choice O C $206,540 $257,600 $244,095 $271,645