Sunland Company uses the FIFO method to compute equivalent units. It has 4500 units in beginning work in process, 20% complete asto conversion costs and 50% complete as to materials costs, 65500 units started, and 5900 units in ending work in process, 30%complete as to conversion costs, and 80% complete as to materials cost. How much are the equivalent units for materials under theFIFO method?6550070000O66570O68650

> Given data:> opening Inventroy = 4500> Closing units = 5900

Answered: Sunland Company uses the FIFO method to…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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At Trent Company, there are 800 units of ending work in process that are 100% complete as to materials and 40% complete as to conversion costs. If the unit cost of materials is $3 and the total costs assigned to the 800 units is $6000, what is the per unit conversion cost? (Round answer to 2 decimal places, e.g. 2.25.)
The cost of direct materials transferred into the Rolling Department of Jabari Company is $3,013,500. The conversion cost for the period in the Rolling Department is $137,800. The total equivalent units for direct materials and conversion are 4,100 tons and 1,060 tons, respectively. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
At Sunrise Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started 26,200 units 130,500 units. 113,700 units 43,000 units Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added What is the cost per equivalent unit for conversion costs? OA. $1.88 B. $2.32 OC. $1.92 OD. $2.11 $35,000 $26,500 $384,100 $268,125 (...
am.1000.
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Cost per equivalent unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $3,397,000. The conversion cost for the period in the Rolling Department is $114,425. The total equivalent units for direct materials and conversion are 4,300 tons and 995 tons, respectively. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet Determine the direct materials and conversion costs per equivalent unit. Round your answers to the nearest dollar. Direct materials cost per equivalent unit: $ Conversion cost per equivalent unit: per ton per ton 4
a company uses process costing, weighted-average method in its production. if the equivalent units of conversion cost are a total of 15000 units and the completed units are 10000 units. what is the stage of completion of the total of 25000 units that are still being processed at the end of the period?
Sunland Company has the following production data for March 2027: no beginning work in process, units started and completed 28,200, and ending work in process 4,700 units that are 100% complete for materials and 40% complete for conversion costs. Sunland uses the FIFO method to compute equivalent units. If unit materials cost is $7 and unit conversion cost is $11, determine the costs to be assigned to the units completed and transferred out and the units in ending work in process. The total costs to be assigned are $561,180. Completed and transferred out Ending work in process $ $
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(USE FIRST IN FIRST OUT METHOD)Direct materials are added at the beginning of the process and conversions costs are uniformly applied. Otherdetails include:WIP beginning (50% for conversion) 28,400 unitsUnits started 124,000 unitsUnits completed and transferred out 107,000 unitsWIP ending (50% for conversion) 45,400 unitsBeginning WIP direct materials $53,200Beginning WIP conversion costs $19,600Costs of materials added $442,100Costs of conversion added $304,650Required:b. What are the total equivalent units for direct materials?b. What are the total equivalent units for conversion costs?c. What is the cost per equivalent unit for direct materials?
Marigold and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 11100 units of ending work in process at 80% completion and 31700 physical units. There are no beginning units in the department. Conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period? 39625. 8880. 29480. 42800.
In the Shaping Department of Sheffield Company the unit materials cost is $2.00 and the unit conversion cost is $1.50. The department transferred out 7900 units and had 1800 units in ending work in process 20% complete. If all materials are added at the beginning of the process, the total cost to be assigned to the ending work in process is $3600. $4140. $6300. $1260.

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